Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b).
Appears in 15 contracts
Samples: Revolving Credit Agreement (Oaktree Strategic Credit Fund), Revolving Credit Agreement (Oaktree Specialty Lending Corp), Secured Revolving Credit Agreement (Barings BDC, Inc.)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(b).
Appears in 10 contracts
Samples: Senior Secured Revolving Credit Agreement (Medley Capital Corp), Senior Secured Revolving Credit Agreement (Medley Capital Corp), Secured Revolving Credit Agreement (MONROE CAPITAL Corp)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(c).
Appears in 3 contracts
Samples: Senior Secured (THL Credit, Inc.), Senior Secured (THL Credit, Inc.), Secured Revolving Credit Agreement (THL Credit, Inc.)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (if any) (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by all as more specifically set forth in Section 2.09(b2.10(c).
Appears in 2 contracts
Samples: Senior Secured (First Eagle Alternative Capital BDC, Inc.), Secured Revolving Credit Agreement (THL Credit, Inc.)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency existsexists or that the Borrowing Base has declined by more than 15%, then the Borrower shall, promptly and in any event within two three Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(b).
Appears in 2 contracts
Samples: Revolving Credit Agreement (Sierra Income Corp), Senior Secured (Sierra Income Corp)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal any quarterly review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two one Business Days as provided in Section 5.01(e)Day, deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b2.2(c)(ii).
Appears in 2 contracts
Samples: Loan, Guarantee and Security Agreement (Great Elm Capital Corp.), Guarantee and Security Agreement (Great Elm Capital Corp.)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly quarterly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e)Days, deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b2.2(c)(ii).
Appears in 2 contracts
Samples: Loan and Security Agreement (Oaktree Strategic Income II, Inc.), Loan and Security Agreement (Oaktree Strategic Income II, Inc.)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency existsexists or that the Borrowing Base has declined by more than 15%, then the Borrower shall, promptly and in any event within two three Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(c).
Appears in 2 contracts
Samples: Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured (Sierra Income Corp)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two one Business Days Day as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, and provide cover for Letters of Credit as contemplated by Section 2.04(k)Credit), but only to the extent required by all as more specifically set forth in Section 2.09(b).
Appears in 2 contracts
Samples: Secured Revolving Credit Agreement (Fifth Street Finance Corp.), Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp)
Actions Upon a Borrowing Base Deficiency. If, based upon such the weekly internal reviewreview in Section 5.12(b)(ii)(C), the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two three Business Days as provided in Section 5.01(e5.01(d)(vi), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(c).. 100
Appears in 1 contract
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for 117 Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b).
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Barings Capital Investment Corp)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(bc).
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (THL Credit, Inc.)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b).103
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Barings BDC, Inc.)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (if any) (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by all as more specifically set forth in Section 2.09(b2.108(c).
Appears in 1 contract
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two three (3) Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the required payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(b).
Appears in 1 contract
Samples: Revolving Credit Agreement (Credit Suisse Park View BDC, Inc.)
Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b).. (G)
Appears in 1 contract
