Common use of Incremental Commitment Clause in Contracts

Incremental Commitment. (a) Pursuant to Section 2.06(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below). The Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f) of the Credit Agreement. (b) The terms of the Incremental Commitment shall be the same as the other Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv) of the Credit Agreement, the Assuming Lender shall make a payment to the Administrative Agent, for account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereof). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 2 contracts

Sources: Incremental Assumption Agreement (Capital Southwest Corp), Incremental Assumption Agreement (Capital Southwest Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.07(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Increasing Lender hereby agrees to make the its Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below). The Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f2.07(f) of the Credit Agreement. (b) The terms and provisions of any new Loans issued by the Increasing Lender, and the Incremental Commitment of the Increasing Lender, shall be identical to the same as terms and provisions of Loans issued by, and the other Commitments made under of, the Credit AgreementLenders immediately prior to the Effective Date. (c) On the Increase Effective Date, in connection with the adjustments adjustments, if any, to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.07(f)(iv) of the Credit Agreement, the Assuming Increasing Lender shall make a payment to the Administrative Agent, for the account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such sectionSection, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such sectionSection, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereofEffective Date). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 2 contracts

Sources: Incremental Commitment Agreement (Capital Southwest Corp), Incremental Commitment Agreement (Capital Southwest Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below). The Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f) of the Credit Agreement. (b) The terms of the Incremental Commitment shall be the same as the other Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv) of the Credit Agreement, the Assuming Lender shall make a payment to the Administrative Agent, for account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereof). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 2 contracts

Sources: Incremental Assumption Agreement (Medley Capital Corp), Incremental Assumption Agreement (Medley Capital Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.07(e) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below)Date. The Incremental Commitment of the Assuming Lender shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f2.07(e) of the Credit Agreement. (b) The terms and provisions of the Incremental Commitment shall be identical to the same as terms and provisions of Loans issued by, and the other Commitments made under of, the Credit AgreementLenders immediately prior to the Effective Date. (c) On the Increase Effective Date, in connection with the adjustments adjustments, if any, to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.07(e)(iv) of the Credit Agreement, the Assuming Lender shall make a payment to the Administrative Agent, Agent for the account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such sectionSection, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such sectionSection, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereofEffective Date). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 2 contracts

Sources: Incremental Commitment and Assumption Agreement (Oaktree Specialty Lending Corp), Incremental Commitment and Assumption Agreement (Oaktree Specialty Lending Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Lender hereby agrees to make the its Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below)Date. The Incremental Commitment shall constitute an additional “Multicurrency Commitment”, an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f) of the Credit Agreement. (b) The terms of the Incremental Commitment shall be the same as the other Multicurrency Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments adjustments, if any, to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv) of the Credit Agreement, the Assuming Lender shall make a payment to the Administrative Agent, for the account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such sectionSection, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such sectionSection, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereofEffective Date) (the transactions described in this clause (c), including all referenced adjustments and related funding requirements, are collectively referred to as the “Reallocation”). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 2 contracts

Sources: Incremental Commitment and Assumption Agreement (Monroe Capital Income Plus Corp), Incremental Commitment and Assumption Agreement (Monroe Capital Income Plus Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.07(e) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Increasing Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below). The Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f2.07(e) of the Credit Agreement. (b) The terms and provisions of any new Loans issued by the Increasing Lender, and the Incremental Commitment of the Increasing Lender, shall be identical to the same as terms and provisions of Loans issued by, and the other Commitments made under of, the Credit AgreementLenders immediately prior to the Effective Date. (c) On the Increase Effective Date, in connection with the adjustments adjustments, if any, to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.07(e)(iv) of the Credit Agreement, the Assuming Increasing Lender shall make a payment to the Administrative Agent, for the account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such sectionSection, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such sectionSection, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereofEffective Date). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Commitment Agreement (Oaktree Specialty Lending Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f) of the Credit Agreement and subject to the terms and conditions hereof, the each Assuming Lender hereby agrees to make the applicable Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below). The Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f) of the Credit Agreement. (b) The terms of the Incremental Commitment shall be the same as the other Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv) of the Credit Agreement, the each Assuming Lender shall make a payment to the Administrative Agent, for account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereof). (d) As of the Increase Effective Date, the each Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Assumption Agreement (Capitala Finance Corp.)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.07(e) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Lender hereby agrees to make the its Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below)Date. The Incremental Commitment of the Assuming Lender shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the each Incremental Commitment for purposes of Section 2.06(f2.07(e) of the Credit Agreement. (b) The terms and provisions of the each Incremental Commitment shall be identical to the same as terms and provisions of Loans issued by, and the other Commitments made under of, the Credit AgreementLenders immediately prior to the Effective Date. (c) On the Increase Effective Date, in connection with the adjustments adjustments, if any, to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.07(e)(iv) of the Credit Agreement, the Assuming Lender shall make a payment to the Administrative Agent, Agent for the account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such sectionSection, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such sectionSection, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment Commitments and any other Commitment Increases, if any, occurring on the date hereofEffective Date). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Commitment and Assumption Agreement (Oaktree Strategic Credit Fund)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.07(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming [Increasing][Assuming] Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below). The Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f) of the Credit Agreement. (b) The terms of the Incremental Commitment shall be the same as the other Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.07(f)(iv) of the Credit Agreement, the Assuming [Increasing][Assuming] Lender shall make a payment to the Administrative Agent, for account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereof). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents document or instruments delivered pursuant thereto.]

Appears in 1 contract

Sources: Incremental Assumption Agreement (Fifth Street Finance Corp.)

Incremental Commitment. (a) Pursuant to Section 2.06(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming each Increasing Lender hereby agrees to make the its respective Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below)Date. The Each Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment Commitments for purposes of Section 2.06(f) of the Credit Agreement. (b) The terms of the Incremental Commitment Commitments shall be the same as the other Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments adjustments, if any, to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv) of the Credit Agreement, the Assuming Lender Increasing Lenders shall make a payment to the Administrative Agent, for the account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such sectionSection, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such sectionSection, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereofEffective Date). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Commitment Agreement (FIDUS INVESTMENT Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.07(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Increasing Lender hereby agrees to make the its Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below). The Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f2.07(f) of the Credit Agreement. (b) The terms and provisions of any new Loans issued by the Increasing Lender, and the Incremental Commitment of the Increasing Lender, shall be identical to the same as Loans issued by, and the other Commitments made under of, the Credit AgreementLenders immediately prior to the Increase Effective Date. (c) On the Increase Effective Date, in connection with the adjustments to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.07(f)(iv) of the Credit Agreement, the Assuming Increasing Lender shall make a payment to the Administrative Agent, for the account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereof). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Commitment Agreement (Capital Southwest Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.06(e) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Increasing Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below)Date. The Incremental Commitment shall constitute an additional “Multicurrency Commitment”, an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f2.06(e) of the Credit Agreement. (b) The terms of the Incremental Commitment shall be identical to the same as terms and provisions of the other Multicurrency Commitments of the Extending Lenders made under the Credit AgreementAgreement immediately prior to the Effective Date. (c) On the Increase Effective Date, in connection with the adjustments adjustments, if any, to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.06(e)(iv) of the Credit Agreement, if the Assuming Increasing Lender is notified by the Administrative Agent, the Increasing Lender shall make a payment to the Administrative Agent, for the account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such sectionSection, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such sectionSection, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereofEffective Date). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Commitment Agreement (BlackRock TCP Capital Corp.)

Incremental Commitment. (a) Pursuant to Section 2.06(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Increasing Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below). The Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f) of the Credit Agreement. (ba) The terms of the Incremental Commitment shall be the same as the other Commitments made under the Credit Agreement. (cb) On the Increase Effective Date, in connection with the adjustments to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv) of the Credit Agreement, the Assuming Increasing Lender shall make a payment to the Administrative Agent, for account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereof). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Assumption Agreement (Capital Southwest Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.07(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Increasing Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below)Date. The Incremental Commitment shall constitute an additional “Multicurrency Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, Documents and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f2.07(f) of the Credit AgreementAgreement (and, for the avoidance of doubt, shall constitute a “Commitment” for purposes of that certain facility fee letter agreement, dated as of July 14, 2017, among the Borrower and the Lenders). (b) The terms of the Incremental Commitment shall be the same as the other Multicurrency Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments adjustments, if any, to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.07(f)(iv) of the Credit Agreement, the Assuming Increasing Lender shall make a payment to the Administrative Agent, for the account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Multicurrency Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereofEffective Date). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Commitment Agreement (Corporate Capital Trust II)

Incremental Commitment. (a) Pursuant to Section 2.06(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Increasing Lender hereby agrees to make the its Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below)Date, immediately after giving effect to the amendment set forth in Section 2. The Incremental Commitment of the Increasing Lender shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f) of the Credit Agreement. (b) The terms of the Incremental Commitment shall be the same as the other Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv) of the Credit Agreement, if the Assuming Increasing Lender is notified by the Administrative Agent the Increasing Lender shall make a payment to the Administrative Agent, for account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereofEffective Date). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.07(f) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below). The Incremental Commitment shall constitute an additional “Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f2.07(f) of the Credit Agreement. (b) The terms of the Incremental Commitment shall be the same as the other Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.07(f)(iv) of the Credit Agreement, the Assuming Lender shall make a payment to the Administrative Agent, for account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereof). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Assumption Agreement (Capital Southwest Corp)

Incremental Commitment. (a) Pursuant to Section 2.06(f2.07(e) of the Credit Agreement and subject to the terms and conditions hereof, the Assuming Lender hereby agrees to make the Incremental Commitment to the Borrower effective on and as of the Increase Effective Date (as defined below)Date. The Incremental Commitment shall constitute an additional “Multicurrency Commitment” and a “Commitment Increase” for all purposes of the Credit Agreement and the other Loan Documents, and the Increase Effective Date shall be the “Commitment Increase Date” of the Incremental Commitment for purposes of Section 2.06(f) of the Credit Agreement. (b) The terms of the Incremental Commitment shall be the same as the other Multicurrency Commitments made under the Credit Agreement. (c) On the Increase Effective Date, in connection with the adjustments adjustments, if any, to any outstanding Loans and participation interests contemplated by Section 2.06(f)(iv2.07(e)(iv) of the Credit Agreement, the Assuming Lender shall make a payment to the Administrative Agent, for account of the other Lenders, in an amount calculated by the Administrative Agent in accordance with such section, so that after giving effect to such payment and to the distribution thereof to the other Lenders in accordance with such section, the Loans are held ratably by the Lenders in accordance with the respective Multicurrency Commitments of such Lenders (after giving effect to the Incremental Commitment and any other Commitment Increases, if any, occurring on the date hereofEffective Date). (d) As of the Increase Effective Date, the Assuming Lender shall become a Lender under the Credit Agreement and shall have all rights and obligations of a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto.

Appears in 1 contract

Sources: Incremental Commitment and Assumption Agreement (FS Investment Corp II)