Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Class B-▇ Loan to the Borrower in a principal amount equal to such L▇▇▇▇▇’s Percentage of the Aggregate Commitment. (b) Each Lender shall, on the Closing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of which may be made to the Collateral Trustee on behalf of the Borrower) for deposit in the Ramp-Up Account (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such Lender’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto. (c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with an Optional Redemption; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof. (d) Without limiting the generality of the foregoing, the Loans shall constitute “Class B-▇ Loans” as defined under the Indenture and shall comprise and be part of the “Class B Debt” as set forth therein and, as such, shall be subject to the terms and conditions of the Indenture applicable to the Class B-▇ Loans and the Class B Debt.
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Sources: Credit Agreement (Golub Capital Private Credit Fund)
Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Class B-▇ A-1L Loan to the Borrower in a principal amount equal to such L▇▇▇▇▇▇’s Percentage of the Aggregate Commitment.
(b) Each Lender shall, on the Closing Loan Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of which may be made to the Collateral Trustee on behalf of the Borrower) for deposit in the Ramp-Up Account (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such Lender▇▇▇▇▇▇’s Percentage of the Aggregate Commitmentaggregate amount of the Loans requested from all Lenders on the Loan Date. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto.
(c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with an Optional RedemptionPayments; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.
(d) Without limiting Provided that a Conversion Option has not been exercised with respect to the generality entire aggregate outstanding principal amount of the foregoingLoans, at the request of the Borrower and with the consent of a Majority of the Controlling Class (provided that such consent with respect to an issuance or incurrence of any existing Class of Debt other than the Class A-1 Debt shall not be unreasonably withheld or delayed), the Loans shall constitute “Class B-▇ Loans” Collateral Manager, the Retention Holder, a Majority of the Preferred Shares and not less than all Lenders, in connection with an additional issuance or incurrence, as defined under applicable, of Debt pursuant to Section 2.4 of the Indenture and Security Agreement, the commitment of such Lender and the aggregate Commitment of such Lenders will be increased to such amount as mutually agreed among the Borrower and such Lenders; provided, that any increase in the aggregate Commitment of such Lenders shall comprise and be part of effected only in accordance with the “Class B Debt” as set forth therein andadditional issuance or incurrence, as suchapplicable, shall be subject to the terms and conditions of Debt provisions in Section 2.4 of the Indenture applicable to the Class B-▇ Loans and the Class B DebtSecurity Agreement and this Agreement.
Appears in 1 contract
Commitments of Each Lender. (a) Subject to the terms and conditions of this AgreementAgreement and clause (d) below, each Lender severally and for itself alone agrees to make a Class B-▇ Loan to the Borrower in a principal amount equal to such L▇▇▇▇▇▇’s Percentage of the Aggregate Commitment.
(b) Each Lender shall, on the Closing First Refinancing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of which may be made to or the Collateral Trustee on its behalf of the Borrower) for deposit in the Ramp-Up Payment Account (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such Lender’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto.
(c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with an Optional Redemption; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.
(d) Without limiting Notwithstanding anything to the generality contrary in this Agreement, each of the foregoingLenders executing and delivering this Agreement was an Original Class A Lender and made Original Class A Loans in the amount of $50,000,000 (which excludes accrued interest and other non-principal amounts owing, if any) under the Original Credit Agreement (with respect to such Original Class A Lender, such principal amount, the Loans shall constitute “Class B-▇ Existing Principal” and such Loans” as defined under the Indenture and shall comprise and be part of , the “Class B DebtExisting Loans”) and has elected a “Cashless Settlement Option” as set forth therein andin its Existing Loans (each an “Existing Lender” and collectively, as such, shall be subject to the terms and conditions of the Indenture applicable to the Class B-▇ Loans and the Class B Debt“Existing Lenders”).
Appears in 1 contract
Sources: Class a Lr Credit Agreement (Blue Owl Capital Corp)