Common use of Notice of Acceleration Clause in Contracts

Notice of Acceleration. Upon receipt by the Collateral Agent of a written notice from any Secured Party which (i) expressly refers to this Agreement, (ii) describes an event or condition which has occurred and is continuing and (iii) expressly states that such event or condition constitutes an Acceleration as defined herein, the Collateral Agent shall promptly notify each other party hereto of the receipt and contents thereof (any such notice is referred to herein as a “Acceleration Notice”).

Appears in 13 contracts

Samples: Guarantee, Pledge and Security Agreement (Alcentra Capital Corp), Pledge and Security Agreement (Barings BDC, Inc.), Secured Revolving Credit Agreement (FS Investment CORP)

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Notice of Acceleration. Upon receipt by the Collateral Agent of a written notice from any Secured Party or the Borrower which (i) expressly refers to this Agreement, (ii) describes an event or condition which has occurred and is continuing and (iii) expressly states that such event or condition constitutes an Acceleration as defined herein, the Collateral Agent shall promptly notify each other party hereto of the receipt and contents thereof (any such notice is referred to herein as a “Acceleration Notice”).

Appears in 8 contracts

Samples: Guarantee and Security Agreement (Stellus Capital Investment Corp), Guarantee, Pledge and Security Agreement (Medley Capital Corp), Assignment and Assumption (Goldman Sachs BDC, Inc.)

Notice of Acceleration. Upon receipt by the Collateral Agent of a written notice from any Secured Party which (i) expressly refers to this Agreement, (ii) describes an event or condition which has occurred and is continuing and (iii) expressly states that such event or condition constitutes an Acceleration as defined herein, the Collateral Agent shall promptly notify each other party hereto (other than Obligors) of the receipt and contents thereof (any such notice is referred to herein as a “Acceleration Notice”).

Appears in 3 contracts

Samples: Guarantee Assumption Agreement (TCP Capital Corp.), Pledge and Security Agreement (BlackRock TCP Capital Corp.), Guarantee, Pledge and Security Agreement (FIDUS INVESTMENT Corp)

Notice of Acceleration. Upon receipt by the Collateral Agent of a written notice from any Secured Party or the Borrower which (i) expressly refers to this Agreement, (ii) describes an event or condition which has occurred and is continuing and (iii) expressly states that such event or condition constitutes an Acceleration as defined herein, the Collateral Agent shall promptly notify each other party hereto of the receipt and contents thereof (any such notice is referred to herein as a an “Acceleration Notice”).

Appears in 1 contract

Samples: Guarantee and Security Agreement (Franklin BSP Capital Corp)

Notice of Acceleration. Upon receipt by the Collateral Agent of a written notice from any Secured Party which (i) expressly refers to this Agreement, (ii) describes an event or condition which has occurred and is continuing and (iii) expressly states that such event or condition constitutes an Acceleration as defined herein, the Collateral Agent shall promptly notify each other party hereto of the receipt and contents thereof (any such notice is referred to herein as a an “Acceleration Notice”).

Appears in 1 contract

Samples: Guarantee, Pledge and Security Agreement (FS Energy & Power Fund)

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Notice of Acceleration. Upon receipt by the Collateral Agent of a written notice from any Secured Party which (i) expressly refers to this Agreement, (ii) describes an event or condition which has occurred and is continuing and (iii) expressly states that such event or condition constitutes an Acceleration as defined herein, the Collateral Agent shall promptly notify each other party hereto (other than Obligors) of the receipt and contents thereof (any such notice is referred to herein as a “Acceleration Notice”).. 8.02

Appears in 1 contract

Samples: Guarantee, Pledge and Security Agreement (Capital Southwest Corp)

Notice of Acceleration. Upon receipt by the Collateral Agent of a written notice from any Secured Party or the Borrower which (i) expressly refers to this Agreement, (ii) describes an event or condition which has occurred and is continuing and (iii) expressly states that such event or condition constitutes an Acceleration as defined herein, the Collateral Agent shall promptly notify each other party hereto of the receipt and contents thereof (any such notice is referred to herein as a “Acceleration Notice”).. Guarantee and Security Agreement

Appears in 1 contract

Samples: Guarantee and Security Agreement (Corporate Capital Trust, Inc.)

Notice of Acceleration. Upon receipt by the Collateral Agent of a written notice from any Secured Party which (i) expressly refers to this Agreement, (ii) describes an event or condition which has occurred and is continuing and (iii) expressly states that such event or condition constitutes an Acceleration as defined herein, the Collateral Agent shall promptly notify each other party hereto of the receipt and contents thereof (any such notice is referred to herein as a “Acceleration Notice”).. 8.02

Appears in 1 contract

Samples: Pledge and Security Agreement (Barings BDC, Inc.)

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