Revolver Conversion Date definition

Revolver Conversion Date and "Termination Date" contained in Section 1.1 of the Credit Agreement shall be amended to read in full as follows:
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Revolver Conversion Date means May 31, 1999.
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Revolver Conversion Date means August 5, 2001, but only so long as the Final Maturity Date has been extended beyond such date pursuant to Section 1.15; and if the Final Maturity Date is not so extended, the Revolver Conversion Date shall not occur.
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Examples of Revolver Conversion Date in a sentence

  • On the Acquisition Revolver Conversion Date, the Revolving Commitments shall be reduced by an amount equal to the greater of (i) the aggregate principal amount of all outstanding Acquisition Term Loans on such date immediately after giving effect to the conversion of Acquisition Revolving Loans into Acquisition Term Loans on such date and (ii) $50,000,000.

  • The Total Commitment shall reduce (and the Commitments of each Bank shall reduce ratably) on the Revolver Conversion Date to an amount equal to the principal balance of the Loan outstanding on the Revolver Conversion Date.

  • The aggregate principal amount of the initial Borrowing of Acquisition Term Loans shall be equal to the outstanding principal amount of Borrowings of Acquisition Revolving Loans at 9:00 a.m. (New York City time) on the Acquisition Revolver Conversion Date.

  • Any partial prepayment shall be in a minimum amount of $200,000 and shall be in an integral multiple of $50,000, and (i) to the extent made after the Revolver Conversion Date (a) may not be reborrowed hereunder, and (b) shall be applied to the mandatory prepayments required by Section 2.5 hereof in the inverse order of maturity, and (ii) to the extent made with respect to any Eurodollar Loan, may be made only on the last day of the Interest Period applicable thereto.

  • Accrued Commitment Commission shall be due and payable quarterly in arrears on the last Business Day of each February, May, August and November and on the Revolver Conversion Date or such earlier date upon which the Total Revolving Loan Commitment is terminated.

  • Subject to all the terms and conditions hereof and so long as no Default exists, on the Revolver Conversion Date the Lenders will lend to the Borrower as a term loan, in accordance with their respective Percentage Interests, an aggregate amount equal to the principal amount of the Revolving Loan outstanding on such date, which shall not in any event exceed the Maximum Amount of Revolving Credit.

  • The amounts of the Revolving Loan prepaid pursuant to Sections 4.2 and 4.4 may be reborrowed from time to time prior to the Revolver Conversion Date in accordance with Section 2.1. The amounts of the Term Loan prepaid pursuant to Sections 4.3 or 4.4 may not be reborrowed.

  • Any partial prepayment shall be in a minimum amount of $500,000 and shall be in an integral multiple of $100,000 and (i) to the extent made after the Revolver Conversion Date (a) may not be reborrowed hereunder, and (b) shall be applied to the mandatory prepayments required by Section 3.6(a) in the inverse order of maturity, and (ii) to the extent made with respect to any Eurodollar Tranche, may be made only on the last day of the Interest Period applicable thereto.

  • Borrower may from time to time and at any time prior to the Revolver Conversion Date, upon two (2) Domestic Business Days' prior written notice to Administrative Agent and each Bank, decrease the Borrowing Base, by designating a Borrowing Base which is lower than the Borrowing Base then in effect.

  • Borrower will not permit its ratio, determined on a consolidated basis, at any time of (i) current assets to (ii) current liabilities to be less than 1.0 to 1.0. For purposes hereof, current assets shall include, until the Revolver Conversion Date, an amount equal to the Availability.


More Definitions of Revolver Conversion Date

Revolver Conversion Date means December 31, 1999."
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Revolver Conversion Date means June 29, 2004.
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Revolver Conversion Date means October 4, 1999.
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Revolver Conversion Date means September 30, 2000.
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Revolver Conversion Date means June 29, 2002.
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Related to Revolver Conversion Date

  • Automatic Conversion Date shall have the meaning specified in Section 15.11(a).

  • 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).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • 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.