Common use of Obligation to Make New Loans Clause in Contracts

Obligation to Make New Loans. Except at the election of a Lender as provided in clause (i) of this Section 2.06 below, no Lender shall have any obligation, after making the full amount of the Loan specified opposite such Lender’s name on Schedule 1.01(b), to make Loans on or after the Effective Date, and any outstanding amounts shall be due and payable on the Maturity Date in accordance with Section 2.07.

Appears in 4 contracts

Samples: Senior Secured Term Loan Credit Agreement (Medley Capital Corp), Term Loan Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Credit Agreement (Medley Capital Corp)

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Obligation to Make New Loans. Except at the election of a Lender as provided in clause (i) of this Section 2.06 below, no Lender shall have any obligation, after making the full amount of the Loan specified opposite such Lender’s name on Schedule 1.01(b), to make Loans on or after the Effective Date, and any outstanding amounts shall be due and payable on the Maturity Date in accordance with Section 2.07.

Appears in 2 contracts

Samples: Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Term Loan Credit Agreement (THL Credit, Inc.)

Obligation to Make New Loans. Except at the election of a Lender as provided in clause (if)(i) of this Section 2.06 below, no Lender shall have any obligation, after making the full amount of the Loan specified opposite such Lender’s name on Schedule 1.01(b), to make Loans on or after the Restatement Effective Date, and any outstanding amounts shall be due and payable on the Maturity Date in accordance with Section 2.07.

Appears in 1 contract

Samples: Senior Secured (THL Credit, Inc.)

Obligation to Make New Loans. Except at the election of a Lender as provided in clause (if)(i) of this Section 2.06 below, no Lender shall have any obligation, after making the full amount of the Loan specified opposite such Lender’s name on Schedule 1.01(b), to make Loans on or after the Effective Date, and any outstanding amounts shall be due and payable on the Maturity Date in accordance with Section 2.07.

Appears in 1 contract

Samples: Secured Term Loan Credit Agreement (THL Credit, Inc.)

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Obligation to Make New Loans. Except at the election of a Lender as provided in clause (i) of this Section 2.06 below, no Lender shall have any obligation, after making the full amount of the Loan specified opposite such Lender’s name on Schedule 1.01(b), to make Loans on or after the Restatement Effective Date, and any outstanding amounts shall be due and payable on the Maturity Date in accordance with Section 2.07.

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Medley Capital Corp)

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