Addition of Capital Contributions. The equityholders of the Borrower may, but shall have no obligation to, at any time or from time to time make a capital contribution in Cash to the Borrower for the purpose of curing any Event of Default (but, for the avoidance of doubt, no such contribution shall cure any Event of Default without the consent of the Majority Lenders) or satisfying any Coverage Test or Collateral Quality Test; provided that the proceeds of such capital contribution are applied to prepay the Loans. Unless otherwise directed by the Borrower by prior or contemporaneous written notice to the Collateral Manager, the Administrative Agent and the Collateral Agent, all Cash contributed to the Borrower shall be treated as Principal Proceeds.
Addition of Capital Contributions. Any equityholders or its designee (a “Contributor”) may, but shall have no obligation to, at any time or from time to time, make a capital contribution in Cash or Eligible Investments (a “Contribution”) or an assignment and contribution of a Collateral Loan (valued at such Collateral Loan’s Principal Collateralization Amount) to the Borrower for the purpose of (a) curing any Event of Default (but no such contribution shall cure any Event of Default without the consent of the Facility Agent), (b) enabling the acquisition or sale of any Collateral Loan during the Reinvestment Period, (c) satisfying any Eligibility Criteria, Coverage Test, Senior Advance Rate Test or Collateral Quality Test, (d) paying fees and expenses incurred in connection with the structuring, consummation and closing of the transaction contemplated by this Agreement or (e) prepaying the debt. Unless otherwise directed by the Borrower by prior or contemporaneous written notice to the Services Provider, the Facility Agent and the Collateral Agent, all Cash contributed to the Borrower shall be designated and treated by the Borrower either as Principal Proceeds or Interest Proceeds (which designation shall be irrevocable).
