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, the Borrower shall (x) first, deposit into the Unfunded Exposure Account any Unrestricted Cash to the extent utilized to calculate the Revolving Liquidity Adjustment Amount and in the amount of the Aggregate Unfunded Amount minus the amount already on deposit in the Unfunded Exposure Account and (y) second, request an Advance in the amount of the Aggregate Unfunded Amount minus the amount already on deposit in the Unfunded Exposure Account (including the amount deposited pursuant to clause (x) above). Following receipt of such Advance Request, the Lenders shall fund such requested amount by transferring such amount directly to the Collateral 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).

Appears in 3 contracts

Sources: Loan Financing and Servicing Agreement (Golub Capital BDC 3, Inc.), Loan Financing and Servicing Agreement (Golub Capital BDC 3, Inc.), Loan Financing and Servicing Agreement (GOLUB CAPITAL INVESTMENT Corp)