Term Loan Conversion Notice definition
Examples of Term Loan Conversion Notice in a sentence
Primary multi-age/multi-program (Grades K-1) 20 Primary multi-age/multi-program (Grades 1-3) 22 A grouping combining both Primary and 24 Intermediate students Intermediate split or multi-age/multi-program 26 (Grades 4-7) Other Intermediate (Grades 4-7) 29 In the event the District shall have year one (1) primary and year two (2) primary split classes the District shall endeavour to establish class sizes below the level established for year one (1) primary classes.
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.
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of the Revolving Period shall occur as provided in Section 2.16, such Term Loan Conversion Notice shall be deemed withdrawn and shall be of no further effect.
Notwithstanding the foregoing, any Term Loan Conversion Notice may be delivered by the Company in conjunction with (and simultaneously with) any request for extension of the Revolving Period pursuant to Section 2.16, above.
Such Term Loan Conversion Notice shall be deemed for all purposes to be a signature to this Agreement and such Converted Term Loan shall be deemed to be a Term Loan for all purposes hereunder.
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.
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.
The Term Loan Conversion Notice will serve as the Syndicated Global Advance Borrowing Notice for the Term Loan.
With respect to the conversion of Revolving Credit Loans to Term Loans pursuant to Section 2.2, the Agent shall have timely received a Term Loan Conversion Notice from the Borrower.