Common use of Additional Equity Contributions Clause in Contracts

Additional Equity Contributions. Each equity holder in the Borrower may, but shall have no obligation to, at any time or from time to time contribute additional equity to the Borrower for any purpose, including for the purpose of curing any Default, satisfying any Coverage Test, enabling the acquisition or sale of any Loan or satisfying any conditions under Section 3.02. Each equity contribution shall either be made (i) in Cash, (ii) by assignment and contribution of an Eligible Investment and/or (iii) by assignment and contribution of a Loan. All Cash contributed to the Borrower shall be treated as Principal Proceeds except to the extent that the Collateral Manager, in its discretion, specifies that such Cash shall constitute Interest Proceeds.

Additional Equity Contributions. Each equity holder in the Borrower The Equityholder may, but shall have no obligation to, at any time or from time to time contribute additional equity make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default, satisfying any Coverage Test, enabling the acquisition or sale of any Collateral Loan or satisfying any conditions under Section 3.02. Each equity contribution shall either be made (ia) in Cash, (iib) by assignment and contribution of an Eligible Investment and/or (iiic) by assignment and contribution of a Collateral Loan that is not an Ineligible Collateral Loan. All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds Proceeds, except to the extent that the Collateral Manager, in its discretion, Manager specifies that such Cash shall constitute Interest ProceedsProceeds and shall be deposited into a Collection Account in accordance with Section 8.02 as designated by the Collateral Manager.

Additional Equity Contributions. Each equity holder in the Borrower The Equityholder may, but shall have no obligation to, at any time or from time to time contribute additional equity make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default, satisfying any Coverage Test, enabling the acquisition or sale of any Collateral Loan or satisfying any conditions under Section 3.02. Each equity contribution shall either be made (ia) in Cash, (iib) by assignment and contribution of an Eligible Investment and/or (iiic) by assignment and contribution of a an Eligible Loan. All Cash contributed or loaned to the Borrower shall be treated as Principal Proceeds Proceeds, except to the extent that the Collateral Manager, in its discretion, Manager specifies that such Cash shall constitute Interest ProceedsProceeds and shall be deposited into a Collection Account in accordance with Section 8.02 as designated by the Collateral Manager.