Common use of Exercise of Conversion Options Clause in Contracts

Exercise of Conversion Options. (a) The Borrower may request a Currency Conversion, an lnterest Rate Conversion, a Commodity Conversion, or a Catastrophe Protection Conversion by delivering to the Bank an irrevocable Conversion Request Letter in form and substance satisfactory to the Bank, indicating the financia! terms and conditions requested by the Borrower for the respective Conversion. The Bank may provide the Borrower with a model Conversion Request Letter. For Catastrophe Protection Conversion, the Borrower will be able to submit the Conversion Request Letter to the Bank at any time after (i) entering into a Catastrophe Protection Engagement Letter; and (ii) signing-off on the final form of the transaction documents ofthe transaction in the financia! markets that, in the determination of the Bank, are relevant to the Catastrophe Protection Conversion. (b) The Conversion Request Letter shall be signed by a duly authorized representative ofthe Borrower, with the consent ofthe Guarantor, ifany, and shall contain at least the following information: (i) For ali Conversions. (A) Loan number; (B) amount subject to Conversion;

Exercise of Conversion Options. (a) The Borrower may request a Currency Conversion, an lnterest Interest Rate Conversion, a Commodity Conversion, Conversion or a Catastrophe Protection Conversion by delivering to the Bank an irrevocable “Conversion Request Letter Letter” in form and substance satisfactory to the Bank, indicating the financia! financial terms and conditions requested by the Borrower for the respective Conversion. The Bank may provide the Borrower with a model form of Conversion Request Letter. For Catastrophe Protection Conversion, the Borrower will be able to submit the Conversion Request Letter to the Bank at any time after (i) entering into a Catastrophe Protection Engagement Letter; and (ii) signing-off on the final form of the transaction documents ofthe of the transaction in the financia! financial markets that, in the determination of the Bank, are relevant to the Catastrophe Protection Conversion. (b) The Conversion Request Letter shall be signed by a duly authorized representative ofthe of the Borrower, with the consent ofthe of the Guarantor, ifanyif any, and shall contain at least the following information: (i) For ali all Conversions. : (A) Loan number; (B) amount subject to Conversion;

Exercise of Conversion Options. (a) The Borrower may request a Currency Conversion, an lnterest Interest Rate Conversion, a Commodity Conversion, Conversion or a Catastrophe Protection Conversion by delivering to the Bank an irrevocable Conversion Request Letter in form and substance satisfactory to the Bank, indicating the financia! financial terms and conditions requested by the Borrower for the respective Conversion. The Bank may provide the Borrower with a model Conversion Request Letter. For Catastrophe Protection Conversion, the Borrower will be able to submit the Conversion Request Letter to the Bank at any time after (i) entering into a Catastrophe Protection Engagement Letter; and (ii) signing-off on the final form of the transaction documents ofthe of the transaction in the financia! financial markets that, in the determination of the Bank, are relevant to the Catastrophe Protection Conversion. (b) The Conversion Request Letter shall be signed by a duly authorized representative ofthe of the Borrower, with the consent ofthe of the Guarantor, ifanyif any, and shall contain at least the following information: (i) For ali all Conversions. (A) Loan number; (B) amount subject to Conversion;