Common use of Unfunded Commitment Provisions Clause in Contracts

Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and (ii) the end of the Revolving Period, if an Unfunded Exposure Shortfall exists, the Lenders shall, to the extent of available Commitments, fund Advances in an aggregate amount equal to such Unfunded Exposure Shortfall by transferring such amount to the Collateral Agent to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2); provided that, no Lender shall be obligated to fund an aggregate amount in excess of its Commitment.

Appears in 2 contracts

Sources: Loan Financing and Servicing Agreement (Golub Capital Direct Lending Corp), Loan Financing and Servicing Agreement (Golub Capital BDC 4, Inc.)

Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and or (ii) the end of the Revolving Period, if an Unfunded Exposure Shortfall exists, the Lenders shall, to the extent of available Commitments, fund Advances in an aggregate amount equal to such of the Unfunded Exposure Shortfall by transferring such amount directly to the Collateral Agent Custodian to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2); provided that. For the avoidance of doubt, no Lender shall be obligated to fund an aggregate amount in excess of its Commitment.

Appears in 2 contracts

Sources: Amendment No. 5 (HMS Income Fund, Inc.), Amendment No. 3 (HMS Income Fund, Inc.)

Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and or (ii) the end of the Revolving Period, if the Borrower shall request an Advance in the amount of the Aggregate Unfunded Amount minus the amount already on deposit in the Unfunded Exposure Shortfall existsAccount. Following receipt of such Advance Request, the Lenders shall, to the extent of available Commitments, shall fund Advances in such Advance by delivering an aggregate amount equal to such the Aggregate Unfunded Exposure Shortfall by transferring such amount Amount directly to the Collateral Agent Custodian to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2); provided that, no Lender shall be obligated to fund an aggregate amount in excess of its Commitment.

Appears in 2 contracts

Sources: Loan Financing and Servicing Agreement (HMS Income Fund, Inc.), Loan Financing and Servicing Agreement (HMS Income Fund, Inc.)

Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and (ii) the end of the Revolving Period, if the Borrower shall request an Advance in the amount of the Aggregate Unfunded Amount minus the amount already on deposit in the Unfunded Exposure Shortfall existsAccount. Following receipt of such Advance Request, the Lenders shall, to the extent of available Commitments, shall fund Advances in an aggregate such requested amount equal to such Unfunded Exposure Shortfall by transferring such amount directly to the Collateral Agent to be deposited for deposit into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2); provided that, no Lender shall be obligated to fund an aggregate amount in excess of its Commitment.

Appears in 1 contract

Sources: Loan Financing and Servicing Agreement (Stellus Private Credit BDC)

Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and ▇▇▇▇▇ (ii) the end of the Revolving Period, the Borrower shall request an Advance in the amount, if an any, of the Aggregate Unfunded Amount minus the amount then on deposit in the Unfunded Exposure Shortfall existsAccount. Following receipt of such Advance Request, the Lenders shallshall fund such requested amount, to the extent of available Commitmentsif any, fund Advances in an aggregate amount equal to such Unfunded Exposure Shortfall by transferring depositing such amount directly to the Collateral Agent Custodian to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2); provided that, no Lender shall be obligated to fund an aggregate amount in excess of its Commitment.

Appears in 1 contract

Sources: Loan Financing and Servicing Agreement (FS KKR Capital Corp)

Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and or (ii) the end of the Revolving Period, if an Unfunded Exposure Shortfall exists, the Lenders shall, to the extent of available Commitments, fund Advances in an aggregate amount equal to such of the Unfunded Exposure Shortfall by transferring such amount directly to the Collateral Agent to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2); provided that. For the avoidance of doubt, no Lender shall be obligated to fund an aggregate amount in excess of its Commitment.

Appears in 1 contract

Sources: Loan Financing and Servicing Agreement (Capital Southwest Corp)

Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and or (ii) the end of the Revolving Period, if an Unfunded Exposure Shortfall EXHIBIT A TO AMENDMENT NO. 56 exists, the Lenders shall, to the extent of available Commitments, fund Advances in an aggregate amount equal to such of the Unfunded Exposure Shortfall by transferring such amount directly to the Collateral Agent CustodianAgent to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2); provided that. For the avoidance of doubt, no Lender shall be obligated to fund an aggregate amount in excess of its Commitment.

Appears in 1 contract

Sources: Amendment No. 6 (HMS Income Fund, Inc.)