Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that, after making any such Loans: (a) such Lender’s Principal Obligation would not exceed such Lender’s Commitment as of such date and (b) the Principal Obligations would not exceed the Available Loan Amount. Subject to the foregoing limitation, the conditions set forth in Section 6 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender in accordance with its Applicable Percentage of the aggregate Available Loan Amount.
Appears in 3 contracts
Sources: Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC), Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC), Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars or in one or more Alternative Currencies to the Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Commitment; provided, however, that, that after making any such Loans: (a) such Lender▇▇▇▇▇▇’s Principal Obligation would not exceed such Lender▇▇▇▇▇▇’s Commitment as of such date date; and (b) the portion of the Principal Obligations Obligation attributable to the Borrowings by any Borrower would not exceed the Available Loan AmountAmount applicable to such Borrower. Subject to the foregoing limitation, the conditions set forth in Section 6 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender in accordance with its Applicable Lender Percentage of the aggregate Available Loan AmountAmount of all Borrowers.
Appears in 3 contracts
Sources: Revolving Credit Agreement (SLR Private Credit BDC II LLC), Revolving Credit Agreement (SLR Private Credit BDC II LLC), Revolving Credit Agreement (SLR Private Credit BDC II LLC)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day during the Availability Period, to make Syndicated Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified BorrowersBorrower Parties, on a several basis, at any time and from time to time in an aggregate principal amount not up to exceed such Committed ▇▇▇▇▇▇’s Commitment at any time outstanding the amount of such Lender’s Commitmenttime; provided, however, that, that after making any such Loans: (a) such LenderCommitted ▇▇▇▇▇▇’s Principal Obligation would not exceed such LenderCommitted ▇▇▇▇▇▇’s Commitment as of such date and date; (b) the Principal Obligations Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; and (c) the Principal Obligation would not exceed the Available Loan AmountCommitment. Subject to the foregoing limitation, the conditions set forth in Section 6 Article 7 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender Group in accordance with its Applicable Percentage of and, if applicable, by a Committed Lender in a particular Lender Group in accordance with such Committed Lender’s Applicable Percentage. No Lender shall be obligated to fund any Loan if the aggregate Available Loan Amountinterest rate applicable thereto hereunder would exceed the Maximum Rate in effect with respect to such Loan.
Appears in 3 contracts
Sources: Revolving Credit Agreement (TCW Direct Lending LLC), Revolving Credit Agreement (TCW Direct Lending LLC), Revolving Credit Agreement (TCW Direct Lending LLC)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day during the Availability Period, to make Syndicated Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified BorrowersBorrower Parties, on a several basis, at any time and from time to time in an aggregate principal amount not up to exceed such Committed ▇▇▇▇▇▇’s Commitment at any time outstanding the amount of such Lender’s Commitmenttime; provided, however, that, that after making any such Loans: (a) such LenderCommitted ▇▇▇▇▇▇’s Principal Obligation would not exceed such LenderCommitted ▇▇▇▇▇▇’s Commitment as of such date and date; (b) the Principal Obligations Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; and (c) the Principal Obligation would not exceed the Available Loan AmountCommitment. Subject to the foregoing limitation, the conditions set forth in Section 6 7 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender Group in accordance with its Applicable Percentage of and, if applicable, by a Committed Lender in a particular Lender Group in accordance with such Committed Lender’s Applicable Percentage. No Lender shall be obligated to fund any Loan if the aggregate Available Loan Amountinterest rate applicable thereto hereunder would exceed the Maximum Rate in effect with respect to such Loan.
Appears in 2 contracts
Sources: Revolving Credit Agreement (TCW Steel City Senior Lending BDC), Revolving Credit Agreement (TCW Steel City Senior Lending BDC)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day Day, during the Availability Commitment Period, to make Loans in US Dollars or in one or more Alternative other Alternate Currencies to Borrowers, on a joint and several basis, and to each of the Qualified Borrowers, on a several basis, Borrowers at any time and from time to time in an aggregate Dollar Equivalent principal amount not to exceed at any one time outstanding the amount of up to such Lender’s CommitmentLender Commitment at any such time; provided, however, provided that, after making any such Loans: (a) the Dollar Equivalent of such Lender’s Principal Obligation Obligations would not exceed such Lender’s Commitment as of such date and Lender Commitment; (b) the Dollar Equivalent of the Principal Obligations would not exceed the Available Loan AmountCommitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrower Parties Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Commitment Period. Each Borrowing pursuant to this Section 2.01 2.2 shall be funded ratably by each Lender in accordance with its Applicable Percentage of Section 2.5 hereof. No Lender shall be obligated to fund any Loan if the aggregate Available Loan Amountinterest rate applicable thereto under Section 2.6 hereof would exceed the Maximum Rate in effect with respect to such Loan.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Blackstone / GSO Secured Lending Fund), Revolving Credit Agreement (Blackstone / GSO Secured Lending Fund)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that, after making any such Loans: (a) such Lender’s Principal Obligation would not exceed such Lender’s Commitment as of such date date; and (b) the portion of the Principal Obligations Obligation attributable to the Borrowings by any Borrower would not exceed the Available Loan AmountAmount applicable to such Borrower. Subject to the foregoing limitation, the conditions set forth in Section 6 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender in accordance with its Applicable Lender Percentage of the aggregate Available Loan AmountAmount of all Borrowers.
Appears in 2 contracts
Sources: Revolving Credit Agreement (SLR Hc BDC LLC), Revolving Credit Agreement (SLR Hc BDC LLC)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Alternate Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars to Borrower or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the any Qualified Borrowers, on a several basis, Borrower at any time and from time to time in an aggregate principal amount not up to exceed at any time outstanding the amount of such Lender’s CommitmentCommitment at any such time; provided, however, that, after making any such Loans: (a) such Lender’s Pro Rata Share of the Principal Obligation would not exceed such Lender’s Commitment as of such date date; and (b) the Principal Obligations Obligation of such Lender’s Lender Group would not exceed the Available Loan Amountaggregate Commitment of the Alternate Lenders in such Lender Group. Subject to the foregoing limitation, the conditions set forth in Section 6 8 and the other terms and conditions hereof, the Borrower Parties or any Qualified Borrower may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 2.2 shall be funded ratably by each Lender Group in accordance with its Applicable Percentage of Lender Group Percentage. No Lender shall be obligated to fund any Loan if the aggregate Available Loan Amountinterest rate applicable thereto under Section 2.11 hereof would exceed the Maximum Rate in effect with respect to such Loan.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Acadia Realty Trust), Revolving Credit Agreement (Acadia Realty Trust)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day during the Availability Period, to make Syndicated Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified BorrowersBorrower Parties, in Dollars, on a several basis, at any time and from time to time in an aggregate principal amount not up to exceed such Committed ▇▇▇▇▇▇’s Commitment at any time outstanding the amount of such Lender’s Commitmenttime; provided, however, that, that after making any such Loans: (a) such LenderCommitted ▇▇▇▇▇▇’s Principal Obligation would not exceed such LenderCommitted ▇▇▇▇▇▇’s Commitment as of such date and date; (b) the Principal Obligations Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; and (c) the Principal Obligation would not exceed the Available Loan AmountCommitment. Subject to the foregoing limitation, the conditions set forth in Section 6 7 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender Group in accordance with its Applicable Percentage of and, if applicable, by a Committed Lender in a particular Lender Group in accordance with such Committed Lender’s Applicable Percentage. No Lender shall be obligated to fund any Loan if the aggregate Available Loan Amountinterest rate applicable thereto hereunder would exceed the Maximum Rate in effect with respect to such Loan.
Appears in 2 contracts
Sources: Revolving Credit Agreement (TCW Direct Lending VII LLC), Revolving Credit Agreement (TCW Direct Lending VIII LLC)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Commitment; provided, however, that, after making any such Loans: (a) such Lender▇▇▇▇▇▇’s Principal Obligation would not exceed such Lender▇▇▇▇▇▇’s Commitment as of such date and (b) the Principal Obligations would not exceed the Available Loan Amount. Subject to the foregoing limitation, the conditions set forth in Section 6 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender in accordance with its Applicable Percentage of the aggregate Available Loan Amount.
Appears in 1 contract
Sources: Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day during the Availability Period, to make Syndicated Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified BorrowersBorrower Parties, on a several basis, at any time and from time to time in an aggregate principal amount not up to exceed such Committed ▇▇▇▇▇▇’s Commitment at any time outstanding the amount of such Lender’s Commitmenttime; provided, however, that, that after making any such Loans: (a) such LenderCommitted ▇▇▇▇▇▇’s Principal Obligation would not exceed such LenderCommitted ▇▇▇▇▇▇’s Commitment as of such date and date; (b) the Principal Obligations Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; and (c) the Principal Obligation would not exceed the Available Loan AmountCommitment. Subject to the foregoing limitation, the conditions set forth in Section 6 Article 7 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender in accordance with its Applicable Percentage of the aggregate Available Loan Amount.premium (subject to
Appears in 1 contract
Sources: Revolving Credit Agreement (TCW Direct Lending LLC)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars or in one or more Alternative Alterative Currencies to Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, each Borrower at any time and from time to time in an aggregate principal amount not to exceed at any one time outstanding the amount of up to such LenderL▇▇▇▇▇’s CommitmentCommitment at any such time; provided, however, that, after making any such Loans: (a) such LenderL▇▇▇▇▇’s Pro Rata Share of the Principal Obligation would not exceed such LenderL▇▇▇▇▇’s Commitment as of such date date; and (b) there would not exist a Borrowing Base Deficiency and (c) the Principal Obligations aggregate Alternative Currency Liability as of such date would not exceed the Available Loan AmountAlternative Currency Sublimit as of such date. Subject to the foregoing limitation, the conditions set forth in Section 6 7 and the other terms and conditions hereof, the a Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 2.02 shall be funded made ratably by the Lenders in proportion to each Lender in accordance with its Applicable Percentage Lender’s Pro Rata Share of the aggregate Available Commitment. No Lender shall be obligated to fund any Loan Amountif the interest rate applicable thereto under Section 2.06(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.
Appears in 1 contract
Sources: Revolving Credit Agreement (Lafayette Square USA, Inc.)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars or in one or more Alternative Alterative Currencies to Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, each Borrower at any time and from time to time in an aggregate principal amount not to exceed at any one time outstanding the amount of up to such Lender’s CommitmentCommitment at any such time; provided, however, that, after making any such Loans: (a) such Lender’s Pro Rata Share of the Principal Obligation would not exceed such Lender’s Commitment as of such date and date; (b) there would not exist a Borrowing Base Deficiency and (c) the Principal Obligations aggregate Alternative Currency Liability as of such date would not exceed the Available Loan AmountAlternative Currency Sublimit as of such date. Subject to the foregoing limitation, the conditions set forth in Section 6 7 and the other terms and conditions hereof, the a Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 2.02 shall be funded made ratably by the Lenders in proportion to each Lender in accordance with its Applicable Percentage Lender’s Pro Rata Share of the aggregate Available Commitment. No Lender shall be obligated to fund any Loan Amountif the interest rate applicable thereto under Section 2.06(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.
Appears in 1 contract
Sources: Revolving Credit Agreement (Lafayette Square Empire BDC, Inc.)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any time outstanding the amount of such LenderLe▇▇▇▇’s Commitment; provided, however, that, after making any such Loans: (a) the Dollar Equivalent of such Lender’s Principal Obligation would not exceed such Lender’s Commitment as of such date and date; (b) [Reserved]; (c) the Dollar Equivalent of the Principal Obligations Obligation would not exceed the Available Loan Amount; (d) [Reserved]; and (e) the Dollar Equivalent of the aggregate Principal Obligation of all Loans denominated in Alternative Currencies would not exceed the Alternative Currency Sublimit. Subject to the foregoing limitation, the conditions set forth in Section 6 and the other terms and conditions hereof, the Borrower Fund Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender in accordance with its Applicable Percentage of the aggregate Available Loan AmountAmount of all Borrowers.
Appears in 1 contract
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, Borrower at any time and from time to time in an aggregate principal amount not to exceed at any one time outstanding up to the amount Dollar Equivalent of such Lender▇▇▇▇▇▇’s CommitmentCommitment at any such time; provided, however, that, after making any such Loans: (a) such Lender’s Pro Rata Share of the Principal Obligation would not exceed such Lender▇▇▇▇▇▇’s Commitment as of such date and date; (b) there would not exist a Borrowing Base Deficiency; and (c) the Principal Obligations aggregate Alternative Currency Liability as of such date would not exceed the Available Loan AmountAlternative Currency Sublimit as of such date. Subject to the foregoing limitation, the conditions set forth in Section 6 7 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 2.02 shall be funded made ratably by the Lenders in proportion to each Lender in accordance with its Applicable Percentage Lender’s Pro Rata Share of the aggregate Available Commitment. No Lender shall be obligated to fund any Loan Amountif the interest rate applicable thereto under Section 2.06(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.
Appears in 1 contract
Sources: Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)
Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day during the Availability Period, to make Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Commitment; provided, however, that, after making any BUSINESS.32616591.4 such Loans: (a) such Lender▇▇▇▇▇▇’s Principal Obligation would not exceed such Lender▇▇▇▇▇▇’s Commitment as of such date date; and (b) the portion of the Principal Obligations Obligation attributable to the Borrowings by any Borrower would not exceed the Available Loan AmountAmount applicable to such Borrower. Subject to the foregoing limitation, the conditions set forth in Section 6 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender in accordance with its Applicable Lender Percentage of the aggregate Available Loan AmountAmount of all Borrowers.
Appears in 1 contract