Common use of Conditions Precedent to Subsequent Advances Clause in Contracts

Conditions Precedent to Subsequent Advances. The obligation of each Lender to make each Advance to be made by it (other than any initial Advance on the Closing Date) on each Borrowing Date shall be subject to the fulfillment (or waiver by the Required Lenders) of the following conditions; provided that the conditions described in clauses (c) and (d) (other than a Default or Event of Default described in Section 6.01(h)) below need not be satisfied if the proceeds of the Borrowing are used to fund Delayed Drawdown Collateral Loans or Revolving Collateral Loans then owned by the Borrower or to fund the Unfunded Reserve Account to the extent required under Section 8.05:

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Conditions Precedent to Subsequent Advances. The obligation of each Lender to make each Advance to be made by it (other than any the initial Advance on the Closing DateAdvance) on each Borrowing Date shall be subject to the fulfillment (or waiver by the Required Lenders) of the following conditions; provided that the conditions described in clauses (c) and (d) (other than a Default or Event of Default described in Section 6.01(h6.01(i)) below need not be satisfied if the proceeds of the Borrowing are used to fund Delayed Drawdown Collateral Loans or Revolving Collateral Loans then owned by the Borrower or to fund the Unfunded Reserve Account to the extent required under Section 8.05:

Appears in 2 contracts

Samples: Credit and Security Agreement (CION Investment Corp), Credit and Security Agreement (CION Investment Corp)

Conditions Precedent to Subsequent Advances. The obligation of each Lender to make each Advance to be made by it (other than any initial Advance on the Closing Date) on each Borrowing Date shall be subject to the fulfillment (or waiver by the Required Lenders) of the following conditions; provided that the conditions described in clauses (c) and (d) (other than a Default or Event of Default described in Section 6.01(h)) below need not be satisfied if the proceeds of the Borrowing are used to fund Delayed Drawdown Collateral Loans Assets or Revolving Collateral Loans Assets then owned by the Borrower or to fund the Unfunded Reserve Account to the extent required under Section 8.05:

Appears in 2 contracts

Samples: Credit and Security Agreement (Blue Owl Technology Income Corp.), Credit and Security Agreement (Owl Rock Technology Income Corp.)

Conditions Precedent to Subsequent Advances. The obligation of each Lender to make each Advance to be made by it (other than any initial Advance on the Closing Date) on each Borrowing Date shall be subject to the fulfillment (or waiver by the Required Lenders) of the following conditions; provided that the conditions described in clauses (c) and (d) (other than a Default or Event of Default described in Section 6.01(h)) with respect to the Borrower) below need not be satisfied if the proceeds of the Borrowing are used to fund Delayed Drawdown Collateral Loans Assets or Revolving Collateral Loans Assets then owned by the Borrower or to fund the Unfunded Reserve Account to the extent required under Section 8.05:: USActive 59109857.10

Appears in 1 contract

Samples: Credit and Security Agreement (LGAM Private Credit LLC)

Conditions Precedent to Subsequent Advances. The obligation of each Lender to make each Advance to be made by it (other than any initial Advance on the Closing Date) on each Borrowing Date shall be subject to the fulfillment (or waiver by the Required Lenders) of the following conditions; provided that the conditions described in clauses (c) and (d) (other than a Default or Event of Default described in Section 6.01(h)) below need not be satisfied if the proceeds of the Borrowing are used to fund Delayed Drawdown Collateral Loans or Revolving Collateral Loans then owned by the Borrower or to fund the Unfunded Reserve Account to the extent required under Section 8.058.04:

Appears in 1 contract

Samples: Credit and Security Agreement (SLR Private Credit BDC II LLC)

AutoNDA by SimpleDocs

Conditions Precedent to Subsequent Advances. The obligation of each Lender to make each Advance to be made by it (other than any initial Advance on the Closing Date) on each Borrowing Date shall be subject to the fulfillment (or waiver by the Required Lenders) of the following conditions; provided that the conditions described in clauses (c) and (d) (other than a Default or Event of Default described in Section 6.01(h)) below need not be satisfied if the proceeds of the Borrowing are used to fund Delayed Drawdown Collateral Loans Assets or Revolving Collateral Loans Assets then owned by the Borrower or to fund the applicable Unfunded Reserve Account to the extent required under Section 8.05:

Appears in 1 contract

Samples: Credit and Security Agreement (Diameter Credit Co)

Conditions Precedent to Subsequent Advances. The obligation of each Lender to make each Advance to be made by it (other than any initial Advance on the Closing Date) on each Borrowing Date shall be subject to the fulfillment (or waiver by the Required Lenders) of the following conditions; provided that the conditions described in clauses (c) and (d) (other than a Default or Event of Default described in Section 6.01(h)) below need not be satisfied if the proceeds of the Borrowing are used to fund Delayed Drawdown Collateral Loans LoansAssets or Revolving Collateral Loans LoansAssets then owned by the Borrower or to fund the Unfunded Reserve Account to the extent required under Section 8.05:

Appears in 1 contract

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

Conditions Precedent to Subsequent Advances. The obligation of each Lender to make each Advance to be made by it (other than any initial Advance on the Closing Date) on each Borrowing Date shall be subject to the fulfillment (or waiver by the Required Lenders) of the following conditions; provided that the conditions described in clauses (c) and (d) (other than a Default or Event of Default described in Section 6.01(h6.01(i)) below need not be satisfied if the proceeds of the Borrowing are used to fund Delayed Drawdown Collateral Loans or Revolving Collateral Loans then owned by the Borrower or to fund the Unfunded Reserve Account to the extent required under Section 8.05:

Appears in 1 contract

Samples: Credit and Security Agreement (Cim Real Estate Finance Trust, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.