FACILITY CONVERSION DATE definition

FACILITY CONVERSION DATE shall have the meaning specified in the Bank Agreement as in effect on December 18, 1996.
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FACILITY CONVERSION DATE means any date upon which the Administrative Agent receives written notice (a "FACILITY CONVERSION NOTICE") from the CLO Administrative Agent that either Windmill Funding Corporation has transferred all of the outstanding "Advances" (as defined in the 5-Year Finance Facility Agreement) made by Windmill Funding Corporation under the 5-Year Finance Facility Agreement to the other 5-Year CLO Lenders or Windmill Funding Corporation has exercised its option not to make Advances under the 5-Year Finance Facility Agreement (a "PUT EVENT"), provided on or prior to the date the Administrative Agent receives such Facility Conversion Notice no Integration Blockage Default shall have occurred.
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FACILITY CONVERSION DATE has the meaning given to that term in Section 2.6(b) of the 5-Year Revolving Credit Agreement.
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Examples of FACILITY CONVERSION DATE in a sentence

  • THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (AND, TO THE EXTENT APPLICABLE PRIOR TO THE EXIT FACILITY CONVERSION DATE, THE BANKRUPTCY CODE).

  • THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (AND, TO THE EXTENT APPLICABLE PRIOR TO THE EXIT FACILITY CONVERSION DATE, THE BANKRUPTCY CODE).

  • AT ALL TIMES PRIOR TO THE EXIT FACILITY CONVERSION DATE, ALL PARTIES HERETO SUBMIT TO THE NON-EXCLUSIVE JURISDICTION AND VENUE OF THE BANKRUPTCY COURT, OR IN THE EVENT THAT THE BANKRUPTCY COURT DOES NOT HAVE OR DOES NOT EXERCISE JURISDICTION, THEN IN ANY FEDERAL OR STATE COURT OF COMPETENT JURISDICTION IN ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇.


More Definitions of FACILITY CONVERSION DATE

FACILITY CONVERSION DATE means that date designated by the Agent following receipt by the Agent of the written consent of 100% of the Lenders to the Facility Conversion.
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FACILITY CONVERSION DATE means any date on which under Section 2.1(b) or Section 2.5, the Company converts a Facility A Loan to a Facility B Loan or a Facility B Loan to a Facility A Loan.
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Related to FACILITY CONVERSION DATE

  • 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.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.