Common use of Returned Capital Clause in Contracts

Returned Capital. The Company shall promptly, following notification by the Company to the Investors 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 the Company reflecting the changes to the Capital Commitments and the unfunded Capital Commitments, resulting from the distribution of the Returned Capital; and (iii) deliver to the Administrative Agent copies of all Capital Return Notices. The effective date on which an Investor’s unfunded Capital Commitment increases by Returned Capital for purposes of this Agreement shall be the date on which the Company has delivered to the Administrative Agent duly completed copies of the items required by this Section 10.31.

Returned Capital. The Company shall promptly, following notification by the Company to the Investors 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 the Company reflecting the changes to the Capital Commitments and the unfunded Capital Commitments, resulting from the distribution of the Returned Capital; and (iii) deliver to the Administrative Agent copies of all Capital Return Notices. The effective date on which an Investor’s unfunded Capital Commitment increases by Returned Capital for purposes of this Agreement shall be the date on which the Company has delivered to the Administrative Agent duly completed copies of the items required by this Section 10.31. The parties hereto acknowledge and agree that no Investor shall receive any Returned Capital under the terms of its applicable Subscription Agreement.