Common use of Determination of Interest Clause in Contracts

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

Appears in 4 contracts

Samples: Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Palmer Square Capital BDC Inc.)

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Determination of Interest. (a) The Administrative Agent shall determine calculate the Interest amount of interest (including unpaid Interest related theretointerest, if any, due and payable on a prior Payment Date) to be paid by the Borrower with respect to the outstanding Advances on each Payment Date for the related Accrual Interest Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof not later than on the third fourth Business Day prior to such Payment Date.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Genesis Lease LTD)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Investment Manager and the Borrower Collateral Custodian thereof on the third Business Day prior to the Reporting Date for such Payment Date.

Appears in 2 contracts

Samples: Investment Management Agreement (Investcorp US Institutional Private Credit Fund), And Investment Management Agreement (Investcorp US Institutional Private Credit Fund)

Determination of Interest. (a) The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Quarterly Payment DateDate and the Benchmark) to be paid by the Borrower on each Quarterly Payment Date for the related Accrual Period and shall advise the Collateral Agent, Borrower and the Collateral Manager and the Borrower thereof on no later than the third Business Day prior to such Quarterly Payment Date.

Appears in 2 contracts

Samples: Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC), Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral AgentManager, the Collateral Manager Agent and the Borrower thereof on the third Business Day prior to such Payment Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (Kayne Anderson BDC, Inc.)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nuveen Churchill Direct Lending Corp.), Loan and Security Agreement (Nuveen Churchill BDC INC.)

Determination of Interest. (a) The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment DateDate and the Benchmark) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on no later than the third Business Day prior to such Payment Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Investment Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

Appears in 2 contracts

Samples: And Investment Management Agreement (Investcorp Credit Management BDC, Inc.), Investment Management Agreement (Investcorp Credit Management BDC, Inc.)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower with respect to each Advance on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower Administrator thereof on the third Business Day prior to such Payment Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (New Mountain Finance Corp), Loan and Security Agreement (New Mountain Finance Corp)

Determination of Interest. (a) The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment DateDate and the LIBOR RateBenchmark) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, Borrower and the Collateral Manager and the Borrower Administrator thereof on the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Loan and Security Agreement (FS KKR Capital Corp)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral AgentManager, the Collateral Manager Agent and the Borrower thereof on the third fourth Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Kayne Anderson BDC, Inc.)

Determination of Interest. (a) The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment DateDate and the Benchmark) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, Borrower and the Collateral Manager and the Borrower Administrator thereof on no later than the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Loan and Security Agreement (KKR FS Income Trust)

Determination of Interest. (a) The Each applicable LenderThe Administrative Agent shall determine calculate the Interest Rate and the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower with respect to each Advance on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower Servicer thereof on the third Business Day prior to such Payment Date. The Borrower shall pay such Interest on such Payment Date.

Appears in 1 contract

Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC)

Determination of Interest. (a) The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Interest Payment Date) to be paid by the Borrower on each Interest Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof in writing on the third second Business Day prior to such Interest Payment Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Crescent Capital BDC, Inc.)

Determination of Interest. (a) The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment DateDate and the Benchmark) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower Collateral Custodian thereof on no later than the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (AGTB Private BDC)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including calculate accrued and unpaid Interest related thereto, if any, due and payable on a prior Payment Date) for each Accrual Period to be paid by the Borrower Parties on each Payment Date for the related Accrual Period Date, and shall advise the Collateral AgentCustodian, the Borrower and the Collateral Manager and the Borrower by delivery of a written calculation thereof no later than 2:00 p.m. on the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Revolving Loan Agreement (Owl Rock Core Income Corp.)

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Determination of Interest. (a) The Administrative Agent shall determine the applicable Interest Rate for each Lender (including unpaid Interest related thereto, if any, due and payable on from a prior Payment Date) to be paid by the Borrower with respect to each Advance on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower Servicer thereof on the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Loan and Servicing Agreement (NewStar Financial, Inc.)

Determination of Interest. (a) The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment DateDate and the LIBOR Rate) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: And Collateral Management Agreement (First Eagle Credit Opportunities Fund)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including calculate accrued and unpaid Interest related thereto, if any, due and payable on a prior Payment Date) for each Accrual Period to be paid by the Borrower on each Payment Date for the related Accrual Period Date, and shall advise the Collateral AgentCustodian, the Borrower and the Collateral Manager and the Borrower by delivery of a written calculation thereof no later than 10:00 a.m. on the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Revolving Loan Agreement (TP Flexible Income Fund, Inc.)

Determination of Interest. (a) The Administrative Agent shall determine the applicable Interest Rate for each Lender (including unpaid Interest related thereto, if any, due and payable on from a prior Payment Date) to be paid by the Borrower with respect to each Advance on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Loan and Servicing Agreement (NewStar Financial, Inc.)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral InvestmentCollateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: And Investment Management Agreement (Investcorp Credit Management BDC, Inc.)

Determination of Interest. (a) The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment DateDate and the LIBOR Rate) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, Borrower and the Collateral Manager and the Borrower Administrator thereof on the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Loan and Security Agreement (FS Investment Corp IV)

Determination of Interest. (a) The Administrative Agent shall calculate and determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment DateDate and the Benchmark) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, Borrower and the Collateral Manager and the Borrower Administrator thereof on onno later than the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Loan and Security Agreement (FS KKR Capital Corp)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: And Collateral Management Agreement (Investcorp Credit Management BDC, Inc.)

Determination of Interest. (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral InvestmentCollateral Manager and the Borrower Collateral Custodian thereof on the third Business Day prior to the Reporting Date for such Payment Date.

Appears in 1 contract

Samples: And Investment Management Agreement (Investcorp US Institutional Private Credit Fund)

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