Examples of Term Loan Conversion Notice in a sentence
Delivery by a Lender of a duly executed Term Loan Conversion Notice with respect to its Converted Term Loan (as defined in such Term Loan Conversion Notice) shall obviate the need for such Lender to execute this Agreement.
Notwithstanding the foregoing, any lender under the Existing Credit Agreement that has elected to convert all or a portion of its "Term Loan" thereunder into a Term Loan hereunder may become a Lender hereunder by executing a notice (a "Term Loan Conversion Notice") in substantially the form attached hereto as Exhibit J.
Notwithstanding the foregoing, any Term Loan Conversion Notice may be delivered by the Borrower in conjunction with (and simultaneously with) any request for extension of the Commitment Termination Date pursuant to Section 2.15, above.
If such extension of the Commitment Termination Date shall occur as provided in Section 2.15, such Term Loan Conversion Notice shall be deemed withdrawn and shall be of no further effect.
Promptly after receipt thereof, the Global Administrative Agent will notify each relevant Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Continuation/Conversion Notice, repayment notice and Term Loan Conversion Notice received by it hereunder.
If such extension of the Revolving Period shall occur as provided in Section 2.16, such Term Loan Conversion Notice shall be deemed withdrawn and shall be of no further effect.
Upon satisfaction of such conditions and delivery of such notice (the "Term Loan Conversion Notice"), the Advances shall convert into term loans on the last day of the Revolving Period and all such Advances shall become due and payable on the first anniversary of the last day of the Revolving Period.
If such extension of the Commitment Termination Date shall occur as provided in Section 2.16, such Term Loan Conversion Notice shall be deemed withdrawn and shall be of no further effect.
The Term Loan Conversion Notice will serve as the Syndicated Global Advance Borrowing Notice for the Term Loan.
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