Second Conversion Date definition

Second Conversion Date. As defined in Section 4.7 of this Agreement.

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Second Conversion Date means the date on which the interest on some or all of the Bonds converts to a Fixed Interest Rate, after having been converted to a Variable Rate.

Second Conversion Date means the date on which the interest on the Bonds converts from the Variable Rate to the Fixed Interest Rate.

Examples of Second Conversion Date in a sentence

The Administrative Agent shall provide the Borrowers with Conversion Obligation payment schedules within thirty (30) days of the Second Conversion Date.
The Borrowers shall no longer be permitted to borrow under the Development Line of Credit Loan following the Second Conversion Date.
The Second Conversion Obligation will not be termed if on the Second Conversion Date, there exists a Default or an Event of Default, in which case the aggregate unpaid principal balance of all Line Advances made under the Development Line of Credit Loan and all accrued interest thereon shall be due and payable upon acceleration but no later than on the Development Line Termination Date (unless earlier accelerated).
If at any time there shall cease to be any Bonds Outstanding under the Indenture, or upon a Second Conversion Date if the Bonds will not thereafter be secured by a Letter of Credit, the Trustee shall promptly surrender the Letter of Credit to the issuer thereof, in accordance with the terms of such Letter of Credit, for cancellation.
If, within 90 days of any Proceeds Delivery Date (but in no event later than the Second Conversion Date), the Required Lenders approve one or more new Projects as Borrowing Base Projects, then the Administrative Agent will distribute to the Borrower an amount equal to the aggregate Project Values for such Projects from the sale proceeds delivered to the Administrative Agent on such Proceeds Delivery Date (but not any amount in excess of such delivered amount).

More Definitions of Second Conversion Date

Second Conversion Date means the earlier of (a) the first anniversary of the Closing Date, or if such day is not a Business Day, the immediately preceding Business Day; provided that if Borrower has timely submitted prior to the Second Conversion Date an Approval Request and the required conditions precedent set forth in this Agreement for the addition of such proposed Borrowing Base Project have been satisfied except for any consent and evaluation of the Administrative Agent and the Required Lenders, then the Second Conversion Date, to the extent it is applicable, shall be automatically extended to the date the Administrative Agent and Required Lenders formally approve or reject such proposed Borrowing Base Project, and (b) the date that the aggregate Commitments have been fully drawn.

Second Conversion Date means the first day of the month following the month during which the Venturers, other than Cogen, shall have received distributions of Available Cash from the Venture (inclusive of distributions made prior to and including the First Conversion Date) in an aggregate amount equal to the Capital Contribution made by such Venturers plus an Internal Rate of Return thereon equal to 30%.

Second Conversion Date means the date on which VDM receives or is deemed to receive a conversion notice from Kengkong in respect to the Second Conversion;

Second Conversion Date means the third anniversary of the Closing Date.

Second Conversion Date means, with respect to the Second Amount, the second anniversary of the First Conversion Date and the requirements set forth in Section 5.02(A) to convert the Loan are satisfied or, in the case of any conversion pursuant to Section 5.01(D), the Maturity Date. The Conversion Date with respect to any conversion at the Borrower’s option pursuant to ‎Section 5.01(E) is the date on which the Borrower provides the notice contemplated by ‎Section 5.01(E).

Second Conversion Date means five dealing days after the earlier of the publication of the Company's preliminary financial results for the financial year ended 31 March 2014 and 31 May 2014; and

Second Conversion Date means, with respect to the Second Amount, the second anniversary of the First Conversion Date and the requirements set forth in Section 5.02(A) to convert the Loan are satisfied or, in the case of any conversion pursuant to Section 5.01(D), the Maturity Date. The Conversion Date with respect to any conversion at the Borrower’s option pursuant to Section 5.01(E) is the date on which the Borrower provides the notice contemplated by Section 5.01(E).

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