Common use of Capital Commitments Clause in Contracts

Capital Commitments. (a) Each Member’s Capital Commitment shall be set forth on the Member List and in such Member’s Subscription Agreement and shall be payable in cash in U.S. dollars. Each such payment shall be made from time to time within three (3) business days after notice from the Administrative Agent specifying the amount then to be paid, or such later date as may be specified in such notice; provided that any such amount to be used for a purpose requiring Prior Member Approval or Member Approval shall be subject to such Prior Member Approval or Member Approval, as applicable. Capital Contributions shall be made by all Members pro rata based on their respective Capital Commitments.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Golub Capital BDC 3, Inc.), Limited Liability Company Agreement (Golub Capital BDC, Inc.), Limited Liability Company Agreement (Golub Capital Investment Corp)

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Capital Commitments. (a) Each Member’s Capital Commitment shall be set forth on the Member List and in such Member’s Subscription Agreement and shall be payable in cash in U.S. dollars. Each such payment shall be made from time to time within three ten (310) business days after notice from the Administrative Agent (or any other Person with the power and authority to call the Capital Commitments) specifying the amount then to be paid, or such later date as may be specified in such notice; provided that any such amount to be used for a purpose requiring Prior Member Approval or Member Approval shall be subject to such Prior Member Approval or Member Approval, as applicable. Capital Contributions shall be made by all Members pro rata based on their respective Capital CommitmentsCommitments and in no event will a Member be required to make Capital Contributions that, in the aggregate, exceed its Capital Commitment.

Appears in 1 contract

Samples: Liability Company Agreement (Saratoga Investment Corp.)

Capital Commitments. (a) Each Member’s Capital Commitment shall be set forth on the Member List and in such Member’s Subscription Agreement and shall be payable in cash in U.S. dollars. Each such payment shall be made from time to time within Within three (3) business days after notice from the Administrative Agent specifying the amount of a Capital Contribution then to be paid, or such later date as may be specified in such notice, a Member shall pay the Capital Contribution; provided that any such amount of a Capital Contribution to be used for a purpose requiring Prior Member Investment Committee Approval or Member Board Approval shall be subject to such the Prior Member Investment Committee Approval or Member Board Approval, as applicable. Capital Contributions shall be made by all Members pro rata based on their respective Capital Commitments.

Appears in 1 contract

Samples: Limited Liability Company Agreement (BlackRock Capital Investment Corp)

Capital Commitments. (a) Each Member’s Capital Commitment shall be set forth on the Member List and in such Member’s Subscription Agreement and shall be payable in cash in U.S. dollars. Each such payment shall be made from time to time within Within three (3) business days after notice from the Administrative Agent specifying the amount of a Capital Contribution then to be paid, or such later date as may be specified in such notice, a Member shall pay the Capital Contribution; provided that any such amount of a Capital Contribution to be used for a purpose requiring Prior Member Investment Committee Approval or Member Board Approval shall be subject to such the Prior Member Investment Committee Approval or Member Board Approval, as applicable. Capital Contributions shall be made by all Members pro rata based on their respective Capital Commitments.. 12

Appears in 1 contract

Samples: Newtek Business Services Corp.

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Capital Commitments. (a) Each Member’s Capital Commitment shall be set forth on the Member List and in such Member’s Subscription Agreement and shall be payable in cash in U.S. dollars. Each such payment shall be made from time to time within three Within seven (37) business days after notice from the Administrative Agent specifying the amount of a Capital Contribution then to be paid, or such later date as may be specified in such notice, a Member shall pay the Capital Contribution; provided that any such amount of a Capital Contribution to be used for a purpose requiring Prior Member Investment Committee Approval or Member Board Approval shall be subject to such the Prior Member Investment Committee Approval or Member Board Approval, as applicable. Capital Contributions shall be made by all Members pro rata based on their respective Capital Commitments.

Appears in 1 contract

Samples: Limited Liability Company Agreement (THL Credit, Inc.)

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