Term Loan Conversion Date definition

Term Loan Conversion Date means the date on which the Borrower requests the extension of the then scheduled Termination Date to the Final Maturity Date pursuant to Section 2.16(b).

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Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

Term Loan Conversion Date has the meaning specified in Section 2.17(b).

Examples of Term Loan Conversion Date in a sentence

For the avoidance of doubt, (I) the making (or deemed making) of Converted Term Loans on each Term Loan Conversion Date shall not be subject to the conditions precedent to the making of Loans set forth in Article VII of this Agreement, and (II) to the extent the Deemed Term Loan Prepayment is equal to the outstanding Initial Term Loans of all Initial Term Lenders as of the Term Loan Conversion Date, such prepayment shall constitute a Discharge of Initial Term Loan Obligations.
On each Term Loan Conversion Date and after giving effect to the Term Loan Conversion on such date, the Administrative Agent shall promptly notify the Lenders of the occurrence of such Term Loan Conversion by delivering a Notice of Term Loan Conversion substantially in the form of Exhibit Q.
For the avoidance of any doubt, and notwithstanding anything to the contrary contained in this Agreement, each Term Loan Conversion shall occur whether or not a Borrowing Base Deficiency exists on such Term Loan Conversion Date.

More Definitions of Term Loan Conversion Date

Term Loan Conversion Date has the meaning specified in Section 2.06.

Term Loan Conversion Date means the date the Term Loan converts from a multiple advance loan to a “mini-perm” term loan which is the date that all of the conditions precedent in Section 4.03 below have been satisfied; provided, that, the Term Loan Conversion Date may not occur after December 31, 2015.

Term Loan Conversion Date is defined in Section 4.1.

Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into term loans pursuant to Section 2.05.

Term Loan Conversion Date means the earlier of either (a) April 30, 2001 or (b) the Completion Date.

Term Loan Conversion Date means, (a) with respect to the Initial Investment Pool, June 30, 2015, (b) with respect to the July Investment Pool, July 31, 2015, (c) with respect to the August Investment Pool, August 31, 2015, and (d) with respect to any other Investment Pool, the earlier to occur of (i) the Credit Date of the last Revolving Loan, the proceeds of which were used to purchase Eligible Receivables originated during the related Origination Period from the Originator pursuant to the Master Purchase Agreement, and (ii) the Revolving Commitment Termination Date.

Term Loan Conversion Date means the Revolver Termination Date on which all Advances outstanding on such date are converted into a term loan pursuant to Section 2.05.