Examples of Capital Calls in a sentence
The Borrowers will, and will cause the other applicable Credit Parties to, issue Capital Calls at such times as are necessary in order to ensure the timely payment of the Obligations hereunder.
To the extent required to implement the sharing of payments under this Section 13.03, each Lender hereby authorizes and directs the Administrative Agent to distribute any proceeds from Capital Calls or proceeds from the exercise of remedies under the Collateral Documents held by the Administrative Agent to Lenders consistent with the terms of this Section 13.03.
Each Lender hereby authorizes and directs the Administrative Agent to coordinate and implement the sharing of collateral contemplated by this Section 12.3 prior to the distribution of proceeds from Feeder Capital Calls or proceeds from the exercise of remedies under the Collateral Documents prior to making any distributions of such proceeds to each Lender or the Administrative Agent, in its capacity as a Lender.
Notwithstanding the foregoing, delivery by posting to Intralinks or any similar secure website which is available to the Administrative Agent shall be an acceptable form of delivery for any report, statement or copy of Feeder Capital Calls or Feeder Capital Return Notices required of the applicable Borrowers pursuant to Section 8.1(a), (c), (f) or (g) hereof.
If the De-SPAC is closed and in consideration of the Capital Call(s) funded by Investor and received by the SPAC hereunder (such funded amounts, the “Capital Investment”), the SPAC (or the surviving entity following the De-SPAC Closing) will issue to the Investor 0.9 shares of the SPAC’s Class A Common Stock for each dollar of the Investor’s Capital Investment at the De-SPAC Closing (“Subscription Shares”).