Here's an exception which you can face while retrieving the TaxonomySession object. Also, I have provided the solution below.

Office 365 / SharePoint Online - Exception while retrieving the TaxonomySession object -
Cannot convert argument "context", with value: "Microsoft.SharePoint.Client.ClientContext", for "GetTaxonomySession" to type "Microsoft.SharePoint.Client.ClientRuntimeContext"
Background

We have our SharePoint online site and we have created a few TermSets. Now, we need to send those TermSets for approval to the respective department lead. We could easily import the TermSets from the .csv file but unfortunately there is no direct way to export the TermSets. One possible option is PowerShell script.

So, we have written a PowerShell script (I’ll share the complete PowerShell script in a new article).

Here's the code:
  1. #Add Type for Taxonomy
  2. Add-Type -Path "c:\Program Files\Common Files\microsoft shared\Web Server Extensions\15\ISAPI\Microsoft.SharePoint.Client.Taxonomy.dll"
  3. #Variables
  4. $url = "https://prashamsabadra1.sharepoint.com/sites/Publishing/" // This is my Office 365 developer account
  5. $userName =”” # Your site user name
  6. $password =”” # Password
  7. # convert password into secured string
  8. $securedpw = ConvertTo-SecureString $password -AsPlainText -Force
  9. # creating the context object
  10. $context = New-Object Microsoft.SharePoint.Client.ClientContext($url)
  11. # Assigning credentials
  12. $context.Credentials = $credentials
  13. # Retrieving the taxonomy session
  14. $taxonomysession = [Microsoft.SharePoint.Client.Taxonomy.TaxonomySession]::GetTaxonomySession($context)
As we are retrieving the taxonomy session object, exception is thrown.

Exception:

Cannot convert argument "context", with value:"Microsoft.SharePoint.Client.ClientContext", for "GetTaxonomySession" to type,
  1. "Microsoft.SharePoint.Client.ClientRuntimeContext"
  2. "Microsoft.SharePoint.Client.ClientRuntimeContext": "Cannot convert the
  3. "Microsoft.SharePoint.Client.ClientContext" value of type
  4. "Microsoft.SharePoint.Client.ClientContext" to type
  5. "Microsoft.SharePoint.Client.ClientRuntimeContext"."
  6. At line:1 char:1
  7. + $session =
  8. [Microsoft.SharePoint.Client.Taxonomy.TaxonomySession]::GetTaxonomySe ...
  9. + ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  10. ~~~
  11. + CategoryInfo : NotSpecified: (:) [], MethodException
  12. + FullyQualifiedErrorId : MethodArgumentConversionInvalidCastArgument

Exception
Figure 1: Exception while retrieving the TaxonomySession object

Solution:
After long time of google search I got a clue that on my laptop there are two versions of “SharePoint Client Components” installed as,

Client
Figure 2: Two versions of "SharePoint Client Components" are installed

As soon as I uninstalled the old version 15.0.4711.1001,I restarted the management shell and it started working.