Additional Borrowings. On any Business Day during the Reinvestment Period, the Borrower may, in connection with the issuance of additional debt under Section 2.13 of the Indenture, borrow additional loans hereunder (any such loan, an “Additional Loan”). The borrowing of such Additional Loan(s) shall be subject to the conditions set forth in Section 2.13 of the Indenture, and may only be borrowed (i) if such conditions have been met and (ii) if the making of such Additional Loans and the principal amount thereof is specified in a Conforming Amendment to this Agreement that is acknowledged by the Loan Agent and the Collateral Trustee. The opportunity to act as Lender with respect to such Additional Loans will, to the extent reasonably practicable, be provided first to the existing Lenders in such amounts as are necessary to preserve their pro rata share of the then outstanding Secured Loans. If a Person that was not previously a party to this Agreement extends any such Additional Loan, it will be required to be made a party to this Agreement by executing the amendment reflecting the terms of such Additional Loans and adding such Person as a Lender hereunder. This Agreement will be amended to reflect the terms of any Additional Loans in accordance with Section 8.11.
Appears in 6 contracts
Sources: Class a 2 Credit Agreement (Apollo Debt Solutions BDC), Credit Agreement (Apollo Debt Solutions BDC), Credit Agreement (Apollo Debt Solutions BDC)
Additional Borrowings. On any Business Day during the Reinvestment PeriodDay, the Borrower Co-Borrowers may, in connection with the issuance of additional debt under Section 2.13 of the Indenture, borrow additional loans hereunder (any such loan, an “"Additional Loan”"). The borrowing of such Additional Loan(s) shall be subject to the conditions set forth in Section 2.13 of the Indenture, and may only be borrowed (i) if such conditions have been met and (ii) if the making of such Additional Loans and the principal amount thereof is specified in a Conforming Amendment to this Agreement that is acknowledged by the Loan Agent and the Collateral Trustee. The opportunity to act as Lender with respect to such Additional Loans will, to the extent reasonably practicable, be provided first to the existing Lenders in such amounts as are necessary to preserve their pro rata share of the then outstanding Secured Loans. If a Person that was not previously a party to this Agreement extends any such Additional Loan, it will be required to be made a party to this Agreement by executing the amendment reflecting the terms of such Additional Loans and adding such Person as a Lender hereunder. This Agreement will be amended to reflect the terms of any Additional Loans in accordance with Section 8.11.
Appears in 2 contracts
Sources: Credit Agreement (Barings Private Credit Corp), Credit Agreement (Barings Private Credit Corp)
Additional Borrowings. On At any Business Day time during the Reinvestment Period, the Borrower may, in connection with the issuance of additional debt Debt under Section 2.13 2.11 of the Indenture, borrow additional loans hereunder (any such loan, an “Additional Loan”). The borrowing of such Additional Loan(s) shall be subject to the conditions set forth in Section 2.13 2.11 of the Indenture, and may only be borrowed (i) if such conditions have been met and (ii) if the making of such Additional Loans and the principal amount thereof is specified in a Conforming Amendment to this Agreement that is acknowledged by the Loan Agent and the Collateral Trustee. The opportunity to act as Lender with respect to such Additional Loans will, to the extent reasonably practicable, be provided first to the existing Lenders in such amounts as are necessary to preserve their pro rata share of the then outstanding Secured Loans. If a Person that was not previously a party to this Agreement extends any such Additional Loan, it will be required to be made a party to this Agreement by executing the amendment reflecting the terms of such Additional Loans and adding such Person as a Lender hereunder. This Agreement will be amended to reflect the terms of any Additional Loans in accordance with Section 8.11.
Appears in 2 contracts
Sources: Credit Agreement (Ares Capital Corp), Credit Agreement (Ares Capital Corp)