Term Conversion Date definition

Term Conversion Date means the date on which Term Conversion occurs.

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Term Conversion Date has the meaning set forth in Section 2.01(b).

Term Conversion Date in Schedule “A” to the Original Credit Agreement is amended to read as follows:

Examples of Term Conversion Date in a sentence

Subject to Section 2.16, the Notice of Term Conversion may be modified or revoked by the Borrower through the Business Day specified as the proposed Term Conversion Date in the Notice of Term Conversion.
Prior to and after giving effect to the Transactions contemplated to occur on the Term Conversion Date, no Default or Event of Default shall have occurred and be continuing.
There has not been filed with or served upon any Loan Party or the Project (or any part thereof) notice of any Lien or claim of Lien affecting the right to receive payment of any of the moneys payable to any of the Persons named on such request which has not been released or will not be released on the Term Conversion Date by payment or bonding on terms reasonably satisfactory to Administrative Agent, other than Permitted Liens.
The aggregate amount of Project Costs set forth in the then-applicable Construction Budget are sufficient to cause the Term Conversion Date to occur prior to the Date Certain and the Available Construction Funds both before and after giving effect to such Disbursement shall be equal to or greater than the aggregate amount of unpaid Project Costs set forth in the Construction Budget.
The Administrative Agent shall have received supplemental opinions of counsel to the Borrower, dated as of the Term Conversion Date, opining as to each of the matters set forth on Appendix K, subject to such qualifications and assumptions as are customary in New York, California or Federal opinion practice (as applicable).

More Definitions of Term Conversion Date

Term Conversion Date means, in respect of each Lender, June 13, 2014, as such date may be extended under Section 5.2(b).”

Term Conversion Date means the date upon which the Principal Debt is converted to a term loan in accordance with SECTION 2.5. TERM CONVERSION REQUEST is defined in SECTION 2.5(a). TERM LOAN MATURITY DATE is defined in SECTION 2.5.

Term Conversion Date has the meaning set forth in Appendix B.

Term Conversion Date means June 18, 2010, as such date may be extended hereunder.

Term Conversion Date means the last day of the second month following the month in which Projection Completion occurs.

Term Conversion Date means the date on which all of the conditions precedent to the making of the Term Loans set forth in Section 3.3 are satisfied or waived by the Required Lenders, and the Construction Loans then outstanding (after giving effect to any prepayment made on such date) are converted to Term Loans.

Term Conversion Date has the meaning given that term in the Lost Creek Credit Agreement.

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