Common use of Deemed Capital Contributions Clause in Contracts

Deemed Capital Contributions. The Borrowers shall not reinvest cash flow from investments and/or net proceeds from investment dispositions if (a) an Event of Default has occurred and is continuing or (b) such reinvestment would reduce the Unfunded Capital Commitment of any Investor and cause the Principal Obligations to exceed the Available Commitment, unless with respect to this clause (b), prior to such reinvestment, the Borrowers shall first make any resulting prepayment required under Section 3.5(b).

Appears in 3 contracts

Samples: Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp)

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Deemed Capital Contributions. The Borrowers shall not reinvest current cash flow from investments Investments and/or net proceeds from investment Investment dispositions in accordance with their respective Constituent Documents if (a) an Event of Default has occurred and is continuing continuing, or (b) such reinvestment would reduce the Unfunded Capital Commitment of any Investor and cause the Principal Obligations to exceed the Available Commitment, unless with respect to this clause (b), prior to such reinvestment, the Borrowers shall first make any resulting prepayment required under Section 3.5(b)) of this Credit Agreement.

Appears in 3 contracts

Samples: Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp)

Deemed Capital Contributions. The Borrowers shall not reinvest current cash flow from investments Investments and/or net proceeds from investment Investment dispositions in accordance with their respective Constituent Documents if (a) an Event of Default has occurred and is continuing continuing, or (b) such reinvestment would reduce the Unfunded Capital Commitment of any Investor and cause the Dollar Equivalent of the Principal Obligations to exceed the Available Commitment, unless with respect to this clause (b), prior to such reinvestment, the Borrowers shall first make any resulting prepayment required under Section 3.5(b)) of this Credit Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Barings Capital Investment Corp), Credit Agreement (Barings Capital Investment Corp)

Deemed Capital Contributions. The Borrowers shall not reinvest current cash flow from investments and/or net proceeds from investment dispositions in accordance with the Partnership Agreement if (a) an Event of Default has occurred and is continuing continuing, or (b) such reinvestment would reduce the Unfunded Capital Commitment of any Investor and cause the Principal Obligations to exceed the Available Commitment, unless with respect to this clause (b), prior to such reinvestment, the Borrowers shall first make any resulting prepayment required under Section 3.5(b)) of this Credit Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (AB Commercial Real Estate Private Debt Fund, LLC), Revolving Credit Agreement (AB Commercial Real Estate Private Debt Fund, LLC)

Deemed Capital Contributions. The Borrowers shall not reinvest cash flow from investments and/or net proceeds from investment dispositions if (a) an Event of Default has occurred and is continuing or (b) such reinvestment would reduce the Unfunded Capital Commitment Xxxxxxx Xxxxxxxxxx of any Investor and cause the Principal Obligations to exceed the Available Commitment, unless with respect to this clause (b), prior to such reinvestment, the Borrowers shall first make any resulting prepayment required under Section 3.5(b).

Appears in 1 contract

Samples: Revolving Credit Agreement (Stone Point Credit Corp)

Deemed Capital Contributions. The Borrowers No Borrower shall not reinvest current cash flow from investments Investments and/or net proceeds from investment Investment dispositions in accordance with the applicable Corporate Documents if (a) an Event of Default has occurred and is continuing or (b) such reinvestment would reduce the Unfunded Capital Unused Commitment of any Investor and cause the Principal Obligations to exceed the Available Commitment, unless with respect to this clause (b)Commitment unless, prior to such reinvestment, the applicable Borrowers shall first make any resulting prepayment required under Section 3.5(b)2.1(e) of this Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brightwood Capital Corp I)

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Deemed Capital Contributions. The Borrowers shall not reinvest current cash flow from investments Investments and/or net proceeds from investment Investment dispositions in accordance with Section 6 of the Subscription Agreement or its applicable Constituent Document if (a) an Event of Default has occurred and is continuing continuing, or (b) such reinvestment would reduce the Unfunded Capital Commitment of any Investor and cause the Dollar Equivalent of the Principal Obligations to exceed the Available Commitment, unless with respect to this clause (b), prior to such reinvestment, the Borrowers shall first make any resulting prepayment required under Section 3.5(b).

Appears in 1 contract

Samples: Revolving Credit Agreement (Crescent Capital BDC, Inc.)

Deemed Capital Contributions. The Borrowers shall not reinvest current cash flow from investments Investments and/or net proceeds from investment Investment dispositions in accordance with Section 6 of the Subscription Agreement or its applicable Constituent Document if (a) an Event of Default has occurred and is continuing continuing, or (b) such reinvestment would reduce the Unfunded Capital Commitment of any Investor and cause the Principal Obligations to exceed the Available Commitment, unless with respect to this clause (b), prior to such reinvestment, the Borrowers shall first make any resulting prepayment required under Section 3.5(b).

Appears in 1 contract

Samples: Revolving Credit Agreement (Crescent Capital BDC, Inc.)

Deemed Capital Contributions. The Borrowers shall not reinvest cash flow from investments Investments and/or net proceeds from investment Investment dispositions if (a) an Event of Default has occurred and is continuing or (b) such reinvestment would reduce the Unfunded Capital Commitment of any Investor and cause the Principal Obligations to exceed the Available Commitment, unless with respect to this clause (b), prior to such reinvestment, the Borrowers shall first make any resulting prepayment required under Section 3.5(b3.4(b).

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Stellus Private Credit BDC)

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