Advances; Repayments; Class A-R Commitment Amounts. (a) All Advances to the Issuer hereunder may be repaid by the Issuer pursuant to Section 2.5(e), notwithstanding the Priority of Payments, and any such Advances repaid by the Issuer may, subject to the conditions set forth herein, be reborrowed from time to time by the Issuer hereunder. (b) Repayments of Advances to any Class A-R Noteholders under Section 2.2(a) and Section 2.5(e) of this Agreement or Section 11.1(a)(ii) of the Indenture shall be applied to pay the Class A-R Noteholders, pro rata, based on the respective portions of the Outstanding Class A-R Funded Amount represented by their Class A-R Notes, and such payment shall reduce the Outstanding Class A-R Funded Amount. (c) Any deposit by a Class A-R Noteholder of any amount into such Class A-R Noteholder’s Class A-R Prepayment Account pursuant to the terms hereof will not reduce such Class A-R Noteholder’s Class A-R Commitment Amount. (d) Each repayment of Advances by the Issuer shall be in an amount equal to or greater than the Minimum Repayment Amount.
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Samples: Revolving Credit Note Agreement (CM Finance Inc), Revolving Credit Note Agreement (CM Finance Inc), Revolving Credit Note Agreement
Advances; Repayments; Class A-R Commitment Amounts. (a) All Advances to the Issuer hereunder may be repaid by the Issuer pursuant to Section 2.5(e), notwithstanding the Priority of Payments, and any such Advances so repaid by the Issuer may, subject to the conditions set forth herein, be reborrowed so from time to time by the Issuer hereunder.
(b) Repayments of Advances to any Class A-R Noteholders under Section 2.2(a) and Section 2.5(e) of this Agreement or Section 11.1(a)(ii11.1(b) of the Indenture shall be applied to pay the Class A-R Noteholders, pro rata, based on the respective portions of the Outstanding Class A-R Funded Amount represented by their Class A-R Notes, and such payment shall reduce the Outstanding Class A-R Funded Amount.
(c) Any deposit by a Class A-R Noteholder of any amount into such Class A-R Noteholder’s Class A-R Prepayment Account pursuant to the terms hereof will not reduce such Class A-R Noteholder’s Class A-R Commitment Amount.
(d) Each repayment of Advances by the Issuer shall be in an amount equal to or greater than the Minimum Repayment Amount.
Appears in 1 contract
Samples: Revolving Credit Note Agreement (CION Investment Corp)
Advances; Repayments; Class A-R Commitment Amounts. (a) All Advances to the Issuer hereunder may be repaid by the Issuer pursuant to (i) Section 2.5(e), notwithstanding the Priority of Payments and (ii) a Mandatory Repayment in accordance with the Priority of Payments, and any such Advances repaid by the Issuer may, subject to the conditions set forth herein, be reborrowed from time to time by the Issuer hereunder.
(b) Repayments of Advances to any Class A-R Noteholders under Section 2.2(a) and Section 2.5(e) of this Agreement or Section 11.1(a)(ii) of the Indenture (including, without limitation, in connection with a Mandatory Repayment) shall be applied to pay the Class A-R Noteholders, pro rata, based on the respective portions of the Outstanding Class A-R Funded Amount represented by their Class A-R Notes, and such payment shall reduce the Outstanding Class A-R Funded Amount.
(c) Any deposit by a Class A-R Noteholder of any amount into such Class A-R Noteholder’s Class A-R Prepayment Account pursuant to the terms hereof will not reduce such Class A-R Noteholder’s Class A-R Commitment Amount.
(d) Each repayment of Advances by the Issuer (other than a repayment thereof in connection with a Mandatory Repayment) shall be in an amount equal to or greater than the Minimum Repayment Amount.
Appears in 1 contract
Samples: Revolving Credit Note Agreement (Investcorp Credit Management BDC, Inc.)