Common use of Unwind Clause in Contracts

Unwind. If any of the IPO Conditions (other than the condition set forth in Section 5.09(a)(i)) are not satisfied and the Borrower has filed an election on Form N-54A to be regulated as a “business development company”, then the Borrower shall immediately take all action necessary so that it is no longer regulated as a business development company (the “Unwind”).

Appears in 1 contract

Sources: Term Loan Credit Agreement (MONROE CAPITAL Corp)

Unwind. If any of the IPO Conditions (other than the condition set forth in Section 5.09(a)(i5.11(a)(i)) are not satisfied and the Borrower has filed an election on Form N-54A to be regulated as a “business development company”, then the Borrower shall immediately take all action necessary so that it is no longer regulated as a business development company (the “Unwind”).

Appears in 1 contract

Sources: Senior Secured Term Loan Credit Agreement (Alcentra Capital Corp)