Examples of Capital Call Facility in a sentence
The Borrower will not, nor will it permit any other Obligor to, make any payment or prepayment of the principal or any other amount owing in respect of any Capital Call Facility from the proceeds of the Collateral, except (a) regularly scheduled payments of principal and interest and (b) any other payment if (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Covered Debt Amount does not exceed the Borrowing Base after giving effect to such payment.
For avoidance of doubt, there shall be no restriction on payment or prepayment of any Capital Call Facility from amounts that do not constitute Collateral.