Spin-Off. On the effective date of a Spin-Off, the Borrower shall prepay the Obligations in full and the Commitments shall simultaneously terminate, and no Spin-Off shall be effective until the Obligations are paid in full.
Appears in 6 contracts
Sources: Revolving Credit Agreement (TCW Direct Lending LLC), Revolving Credit Agreement (TCW Direct Lending LLC), Revolving Credit Agreement (TCW Direct Lending LLC)