Examples of Delayed Funding Loan in a sentence
The Borrower may not sell a participation interest in a Revolving Collateral Loan or a Delayed Funding Loan.
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The Manager shall (and if the Manager fails to do so, the Administrative Agent may) direct the Custodian in writing to deposit in the Unfunded Exposure Account all Collections received by the Borrower in respect of any principal paid on the Delayed Funding Loan Assets included in the Collateral to the extent necessary to cause the amount on deposit in the Unfunded Exposure Account to equal the Exposure Amount for all Delayed Funding Loan Assets.
Funds on deposit in the Unfunded Exposure Account as of any date of determination may be withdrawn to fund draw requests of the relevant Obligors under any Delayed Funding Loan Asset; provided that, the amount withdrawn to fund such draw request shall not cause the Borrowing Base Test to fail to be satisfied.
The Borrower will not extend, amend or otherwise modify, or permit the Manager on its behalf to extend, amend or otherwise modify, the terms of any Loan Asset in a manner inconsistent with the Management Standards, and in any case will not amend or otherwise modify any Delayed Funding Loan Asset or other Eligible Loan Asset to extend the maturity date thereof on any date following the end of the Revolving Period.
Except with respect to the funding commitment assumed by the Buyer with respect to any Delayed Funding Loan or Revolving Collateral Loan, no obligation or liability to any Obligor under any of the Collateral Loans is intended to be assumed by the Buyer, the Collateral Agent or any of the other the Secured Parties under or as a result of this Agreement and the transactions contemplated hereby.
Except with respect to the funding commitment assumed by the Buyer with respect to any Delayed Funding Loan or Revolving Collateral Loan, no obligation or liability to any Obligor under any of the Collateral Loans is intended to be assumed by the Buyer, the Administrative Agent or any of the other the Secured Parties under or as a result of this Agreement and the transactions contemplated hereby.
Funds shall be deposited in the Future Funding Reserve Account upon the acquisition of any Revolving Collateral Loan or Delayed Funding Loan and upon the receipt by the Issuer of any Principal Proceeds with respect to a Revolving Collateral Loan.
Revolving Collateral Loan or Delayed Funding Loan in a Participant Funding Account and shall agree that the terms of Section 10.3(d) are applicable in respect of such Participant Funding Account.
Upon the occurrence of each repayment or prepayment by the(v) Obligor under the Revolving Collateral Loan or Delayed Funding Loan in respect of which the relevant Collateral Loan Participant has acquired its Participation Interest, amounts received by the Issuer that are attributable to such Collateral Loan Participant's Participation Interest shall be deposited into the related Participant Funding Account for further application under clause (iv) above or clause (vi) below.