Common use of Additional Equity Contributions Clause in Contracts

Additional Equity Contributions. The Equityholder may, but shall have no obligation to, at any time or from time to time make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default, satisfying any Coverage Test, enabling the acquisition or sale of any Collateral Loan or satisfying any conditions under Section 3.02. Each contribution shall either be made (a) in Cash, (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment of a Collateral Loan that is not an Ineligible Collateral Loan. All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds, except to the extent that the Collateral Manager specifies that such Cash shall constitute Interest Proceeds and shall be deposited into a Collection Account in accordance with Section 8.02 as designated by the Collateral Manager.

Appears in 2 contracts

Samples: Credit and Security Agreement (Business Development Corp of America), Credit and Security Agreement (Business Development Corp of America)

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Additional Equity Contributions. The Equityholder may, but shall have no obligation to, at any time or from time to time time, make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying any Coverage the Borrowing Base Test, enabling the acquisition or sale of any Collateral Loan or satisfying any conditions under Section 3.02. Each contribution shall either be made (a) in Cash, (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment and contribution of a Collateral Loan that is not an Ineligible Eligible Collateral Loan. All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds, except to the extent that the Collateral Manager Equityholder specifies that such Cash shall constitute Interest Proceeds Proceeds, and shall be deposited into a Collection Account in accordance with Section 8.02 as designated by the Collateral ManagerEquityholder.

Appears in 2 contracts

Samples: Credit and Security Agreement (Apollo Debt Solutions BDC), Credit and Security Agreement (Blackstone Private Credit Fund)

Additional Equity Contributions. The Equityholder may, but shall have no obligation to, at any time or from time to time time, make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying any Coverage the Borrowing Base Test, enabling the acquisition or sale of any Collateral Loan LoanAsset or satisfying any conditions under Section 3.02. Each contribution shall either be made (a) in Cash, (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment and contribution of a an Eligible Collateral Loan that is not an Ineligible Collateral LoanLoanAsset . All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds, except to the extent that the Collateral Manager Equityholder specifies that such Cash shall constitute Interest Proceeds Proceeds, and shall be deposited into a Collection Account in accordance with Section 8.02 as designated by the Collateral ManagerEquityholder.

Appears in 1 contract

Samples: Credit and Security Agreement (Apollo Debt Solutions BDC)

Additional Equity Contributions. The Equityholder may, but shall have no obligation to, at any time or from time to time time, make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying any Coverage the Borrowing Base Test, enabling the acquisition or sale of any Collateral Loan Asset or satisfying any conditions under Section 3.02. Each contribution shall either be made (a) in Cash, (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment and contribution of a an Eligible Collateral Loan that is not an Ineligible Collateral LoanAsset. All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds, except to the extent that the Collateral Manager Equityholder specifies that such Cash shall constitute Interest Proceeds Proceeds, and shall be deposited into a the applicable Collection Account in accordance with Section 8.02 as designated by the Collateral ManagerEquityholder.

Appears in 1 contract

Samples: Credit and Security Agreement (Diameter Credit Co)

Additional Equity Contributions. The Equityholder may, but shall have no obligation to, at any time or from time to time make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying any the Coverage Test, enabling the acquisition or sale of any Collateral Loan or satisfying any conditions under Section 3.02. Each contribution shall either be made (a) in Cash, (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment and contribution of a Collateral Loan that is not an Ineligible Collateral Eligible Loan. All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds, except to the extent that the Collateral Manager Equityholder specifies that such Cash shall constitute Interest Proceeds Proceeds, and shall be deposited into a Collection Account in accordance with Section 8.02 as designated by the Collateral ManagerEquityholder.

Appears in 1 contract

Samples: Credit and Security Agreement (Bain Capital Specialty Finance, Inc.)

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Additional Equity Contributions. The Equityholder may, but shall have no obligation to, at any time or from time to time make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying any Coverage Test, enabling the acquisition or sale of any Collateral Loan or satisfying any conditions under Section 3.02. Each contribution shall either be made (a) in Cash, (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment and contribution of a Collateral Loan that is not an Ineligible Collateral Eligible Loan. All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds, except to the extent that the Collateral Manager specifies that such Cash shall constitute Interest Proceeds Proceeds, and shall be deposited into a Collection Account in accordance with Section 8.02 as designated by the Collateral Manager.

Appears in 1 contract

Samples: Credit and Security Agreement (FS Investment Corp II)

Additional Equity Contributions. The Equityholder may, but shall have no obligation to, at any time or from time to time make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying any the Coverage TestTests, enabling the acquisition or sale of any Collateral Loan or satisfying any conditions under Section 3.02. Each contribution shall either be made (a) in Cash, (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment and contribution of a Collateral Loan that is not an Ineligible Eligible Collateral Loan. All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds, except to the extent that the Collateral Manager Equityholder specifies that such Cash shall constitute Interest Proceeds Proceeds, and shall be deposited into a Collection Account in accordance with Section 8.02 as designated by the Collateral Manager.Equityholder. 107

Appears in 1 contract

Samples: Credit and Security Agreement (CION Investment Corp)

Additional Equity Contributions. The Equityholder may, but shall have no obligation to, at any time or from time to time make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying any the Coverage TestTests, enabling the acquisition or sale of any Collateral Loan or satisfying any conditions under Section 3.02. Each contribution shall either be made (a) in Cash, (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment and contribution of a Collateral Loan that is not an Ineligible Eligible Collateral Loan. All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds, except to the extent that the Collateral Manager Equityholder specifies that such Cash shall constitute Interest Proceeds Proceeds, and shall be deposited into a Collection Account in accordance with Section 8.02 as designated by the Collateral ManagerEquityholder.

Appears in 1 contract

Samples: Credit and Security Agreement (CION Investment Corp)

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