Conditions to Conversion definition

Conditions to Conversion shall have the meaning given such term in the Construction Funding Agreement.

Conditions to Conversion has the meaning given to that term in the Construction Phase Financing Agreement.

Conditions to Conversion. One year after the Closing Date, unless (A) the Borrower is subject to a bankruptcy or other insolvency proceeding or (B) there exists a payment default (whether or not matured) with respect to the Senior Subordinated Bridge Loans or any fees payable thereunder, the Senior Subordinated Bridge Loans shall convert into the Senior Subordinated Extended Term Loans; provided, however, that if an event described in clause (B) is continuing at the scheduled Conversion Date but the applicable grace period, if any, set forth in the events of default provision of the Senior Subordinated Bridge Documentation has not expired, the Conversion Date shall be deferred until the earlier to occur of (i) the cure of such event or (ii) the expiration of any applicable grace period. ANNEX C-II Senior Subordinated Exchange Notes Issuer: Same as Borrower under Senior Subordinated Extended Term Loans. Guarantees: Same as Senior Subordinated Extended Term Loans. Maturity: Seven years from the Conversion Date. Security: None.

Examples of Conditions to Conversion in a sentence

• On or after the Initial Maturity Date, if (i) any amount remains outstanding with respect to the Interim Loan and (ii) the Conditions to Conversion, as set forth below, are satisfied, each Lender may have its interest in the Interim Loan exchanged for, at the option of such Lender, either Rollover Securities or Rollover Loans.

• At any time or times on or after the Issuance Date, the Company shall have the right, in its sole discretion, to require that any or all of the outstanding Preferred Shares be converted ("CONVERSION AT COMPANY'S ELECTION") at the Conversion Rate; provided that the Conditions to Conversion at the Option of the Company (as set forth below) are satisfied.

• At any time or times on or after the date which is one year after the Issuance Date of the applicable Preferred Shares, the Company shall have the right, in its sole discretion, to require that any or all of such outstanding Preferred Shares be converted ("CONVERSION AT COMPANY'S ELECTION") at the Conversion Rate; provided that the Conditions to Conversion at the Company's Election (as set forth below) are satisfied.

• At any time or times on or after the Issue Date, the Company shall have the right, in its sole discretion, to require that any or all of the outstanding Notes be converted ("Conversion at Company's Election") at the Conversion Rate, provided that the Conditions to Conversion at the Option of the Company (as set forth below) are satisfied.

• At any time after June 13, 2001, the Company shall have the right, in its sole discretion, to require that any or all of such outstanding Preferred Shares be converted ("CONVERSION AT COMPANY'S ELECTION") at the Conversion Rate; provided that the Conditions to Conversion at the Company's Election (as set forth below) are satisfied.

More Definitions of Conditions to Conversion

Conditions to Conversion has the meaning given to that term in the Construction Phase Financing Agreement and the Taxable Freddie Mac Commitment.

Conditions to Conversion means the following conditions:

Conditions to Conversion means the conditions listed in the Forward Bond Purchase Agreement.

Conditions to Conversion shall have the meaning set forth in the definition of Conversion Date.

Conditions to Conversion shall have the meaning given such term in the Construction Disbursement Agreement.

Conditions to Conversion. One year after the Closing Date, unless (A) the Parent, a Borrower or any significant subsidiary thereof is subject to a bankruptcy or other insolvency proceeding or (B) there exists a payment default (whether or not matured) with respect to the Senior Bridge Loans or any fees payable thereunder, the Senior Bridge Loans shall convert into the Senior Extended Term Loans; provided, however, that if an event described in clause (B) is continuing at the scheduled Conversion Date but the applicable grace period, if any, set forth in the events of default provision of the Senior Bridge Documentation has not expired, the Conversion Date shall be deferred until the earlier to occur of (i) the cure of such event or (ii) the expiration of any applicable grace period. XXXXX X‑0 Xxxxxx Xxxxxxxx Notes Issuers: Same as Borrowers under Senior Extended Term Loans. Guarantees: Same as Senior Extended Term Loans. Maturity: Six years from the Conversion Date.

Conditions to Conversion means the conditions required to achieve the Conversion Date as defined and set forth in the Construction Loan Agreement.