Example ContractsClausesConversion and Continuation Options
Conversion and Continuation Options
Conversion and Continuation Options contract clause examples

SECTION # Voluntary Conversion and Continuation of Advances.

Following receipt of a Conversion/Continuation Notice, the Administrative shall promptly notify each applicable of its Pro Rata Share of the applicable Class of Loans, and if no timely notice of a conversion or continuation is provided by the , the Administrative shall notify each of the details of any automatic conversion to Base Rate Loans or continuation of Loans described in Section 2.05(a).

Conversion/Continuation Notice” is defined in Section 2.3.

Exhibit #(f)Form of Notice of Continuation/Conversion

□ A [conversion] [continuation] of [Revolving Credit] [Term] Loans

Exhibit #-3 Form of Request for Conversion/Continuation

the nature of the proposed conversion or continuation; and

The date for such [continuation] [and] [conversion] shall be ​.

¨ A Borrowing of Loans: ¨ A conversion or continuation of

The Business Day of the Proposed [Conversion] [Continuation] is , .

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.