Common use of Successor Fund Clause in Contracts

Successor Fund. Any investment vehicle for multiple investors formed after the Initial Closing Date with investment objectives and criteria substantially similar to those of the Company and whose investments are directed by the Adviser’s Private Credit Group. For the avoidance of doubt, no Intermediate Entity or Parallel Fund shall be a Successor Fund. Supermajority in Interest As set forth in 3.8. TCW As set forth in the introductory paragraph of this Agreement. TCW Affiliate TCW Group, Inc. (the parent company of TCW) along with all entities controlled directly or indirectly by TCW Group, Inc. Temporary Disability The inability of a person to substantially perform his duties to the Company or the Adviser due to a medically determinable physical or mental illness or injury, provided that such illness or injury lasts for no more than 90 consecutive calendar days or 120 calendar days in any 18-month period. Temporary Investments Short-term investments of cash pending distribution or use by the Company to pay expenses or make Portfolio Investments. Transfer As set forth in 10.1.1. Transfer Expenses As set forth in 10.1.6. UBTI “Unrelated business taxable income,” as defined in Section 512 of Code and the Treasury Regulations promulgated thereunder. Undrawn Commitment The amount of a Member’s Commitment as of any date reduced by the aggregate amount of contributions made by that Member at all previous Drawdown Dates. Unitholders The Common Unitholders and Preferred Unitholders. Units The Common Units and Preferred Units. USRPHC As set forth in 4.2.2. In connection with the borrowings, guarantees and other obligations by the Company in accordance with 4.3.1, each Member hereby makes available as Credit Support the following representations and acknowledgements for the benefit of the Company and any lender or other holder of indebtedness, guarantees or other obligations:

Appears in 3 contracts

Sources: Limited Liability Company Agreement (TCW Specialty Lending LLC), Limited Liability Company Agreement (TCW Specialty Lending LLC), Limited Liability Company Agreement (TCW Direct Lending VIII LLC)