Common use of Returned Capital Clause in Contracts

Returned Capital. The Credit Parties shall within ten (10) Business Days following notification to the Investors in its Fund Group of any Returned Capital: (i) notify the Administrative Agent in writing of such Returned Capital; (ii) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by such Credit Parties reflecting the changes to the Capital Commitments and the Uncalled Capital Commitments, resulting from the distribution of the Returned Capital; and (iii) deliver to the Administrative Agent copies of all Capital Return Notices and a Capital Return Certification duly executed by such Borrowers in such Fund Group certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Uncalled Capital Commitment and confirming the Uncalled Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date on which such Borrowers in such Fund Group have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.19.

Appears in 5 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)

AutoNDA by SimpleDocs

Returned Capital. The Credit Parties Borrowers shall within ten (10) Business Days following notification to the Investors in its Fund Group of any Returned Capital: (i) notify the Administrative Agent in writing of such Returned Capital; (ii) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by such Credit Parties the Borrowers reflecting the changes to the Capital Commitments and the Uncalled Capital Commitments, resulting from the distribution of the Returned Capital; and (iii) deliver to the Administrative Agent copies of all Capital Return Notices and a Capital Return Certification duly executed by such the Borrowers in such Fund Group certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Uncalled Capital Commitment and confirming the Uncalled Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date on which such the Borrowers in such Fund Group have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.19.

Appears in 5 contracts

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

Returned Capital. The Credit Parties shall within ten (10) Business Days promptly, following notification to the Investors in its Fund Group of any Returned CapitalCapital the proceeds of which shall be credited toward the Uncalled Capital Commitments of the applicable Investor: (i) notify the Administrative Agent in writing of such Returned Capital; (ii) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by such the Credit Parties reflecting the changes to the Capital Commitments and the Uncalled Capital Commitments, resulting from the distribution of the Returned Capital; and (iii) deliver to the Administrative Agent copies of all Capital Return Notices and a Capital Return Certification duly executed by such Borrowers in such Fund Group the Initial Borrower certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Uncalled Capital Commitment and confirming the Uncalled Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date on which such the Borrowers in such Fund Group have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.198.19 and the applicable account statements pursuant to Section 8.1(k).

Appears in 2 contracts

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

Returned Capital. The Credit Parties Borrowers shall within ten (10) Business Days promptly following notification to the Investors in its Fund Group of any Returned Capital: (ia) notify the Administrative Agent in writing of such Returned Capital; (iib) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by such Credit Parties the Borrowers reflecting the changes to the Capital Commitments and the Uncalled Unfunded Capital Commitments, resulting from the distribution of the Returned Capital; and (iiic) deliver to the Administrative Agent copies of all Capital Return Notices and a Capital Return Certification duly executed by such the Borrowers in such Fund Group certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Uncalled Unfunded Capital Commitment and confirming the Uncalled Unfunded Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date on which such the Borrowers in such Fund Group have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.19.

Appears in 2 contracts

Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (MSD Investment Corp.)

Returned Capital. The Credit Parties shall within ten (10) Business Days following notification to the Investors in its Fund Group of any Returned Capital: (i) notify the Administrative Agent Bank in writing of such Returned Capital; (ii) deliver to the Administrative Agent Bank a revised Borrowing Base Certificate modified by such the Credit Parties reflecting the changes to the Capital Commitments and the Uncalled Capital Commitments, resulting from the distribution of the Returned Capital; and (iii) deliver to the Administrative Agent Bank copies of all Capital Return Notices and a Capital Return Certification duly executed by such the Borrowers in such Fund Group certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Uncalled Capital Commitment and confirming the Uncalled Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date on which such the Borrowers in such Fund Group have delivered to the Administrative Agent Bank duly completed copies of the items required by this Section 8.19.

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)

AutoNDA by SimpleDocs

Returned Capital. The Credit Parties Funds shall within ten (10) Business Days promptly, following notification to the Investors in its Fund Group Investor of any Returned Capital: (ia) notify the Administrative Agent in writing of such Returned Capital; (iib) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by such Credit Parties reflecting the changes to the Unfunded Capital Commitments and the Uncalled Capital Commitments, resulting from the distribution of the Returned Capital; and (iiic) deliver to the Administrative Agent copies of all Capital Return Notices and a Capital Return Certification duly executed by such Borrowers in such Fund Group the applicable Funds certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Uncalled Unfunded Capital Commitment and confirming the Uncalled Unfunded Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which an the Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date that is the later of the date on which such Borrowers in such Fund Group (i) the Funds have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.198.17 and (ii) the Returned Capital has been distributed back to the Investor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Oaktree Gardens OLP, LLC)

Returned Capital. The Credit Parties shall within ten (10) Business Days promptly following notification to the Investors in its Fund Group of any Returned Capital: (i) notify the Administrative Agent in writing of such Returned Capital; (ii) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by such the Credit Parties reflecting the changes to the Capital Commitments and the Uncalled Unfunded Capital Commitments, resulting from the distribution of the Returned Capital; and (iii) deliver to the Administrative Agent copies of all Capital Return Notices and a Capital Return Certification duly executed by such the Borrowers in such Fund Group certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Uncalled Unfunded Capital Commitment and confirming the Uncalled Unfunded Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date on which such the Borrowers in such Fund Group have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.198.18.

Appears in 1 contract

Samples: Revolving Credit Agreement (Acadia Realty Trust)

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