Borrowing Base Deficiency Cures. (i) In addition to any other obligation of the Borrower to cure any Borrowing Base Deficiency pursuant to the terms of this Agreement, if any Borrowing Base Deficiency exists, then the Borrower shall within the applicable Borrowing Base Deficiency Cure Period either (A)(1) deposit into or credit to the Collection Account cash and Eligible Investments, (2) repay Advances (together with all accrued and unpaid costs and expenses of the Agents, Custodian, Collateral Administrator, Securities Intermediary and the Lenders for which the Borrower has received a reasonably detailed invoice prior to such date of repayment, in each case in respect of the amount so repaid), (3) sell Collateral Assets in accordance with Article X, (4) during the Reinvestment Period, pledge additional Collateral Assets as Collateral; provided that no Administrative Agent approval shall be required for a Collateral Asset pledged pursuant to this clause (4) to be treated as an “Eligible Collateral Asset” for a period not exceeding nine (9) months, so long as such additional Collateral Asset (I) is (x) a Broadly Syndicated Loan or (y) constitutes a portion of a pre-existing Eligible Collateral Asset that was approved by Administrative Agent, (II) has not been subject to an Asset Value Adjustment Event and (III) has not experienced a deterioration in the credit worthiness of the related Obligor or of the Obligor’s general industry, as determined by the Collateral Manager in accordance with the Collateral Management Standard and certified by the Collateral Manager to the Administrative Agent, and/or (5) deliver a Capital Raise Notice and/or (B) deliver to the Administrative Agent a written report (the “Cure Report”) showing a projected cure of any Borrowing Base Deficiency based on actions described in clause (A), if any, and pending purchases and sales of Collateral Assets by 3:00 p.m. on the second Business Day following the occurrence of the Borrowing Base Deficiency, which Cure Report shall (1) be satisfactory to the Administrative Agent, (2) give effect to all committed purchases of Collateral Assets and other financial assets by the Borrower and account in a manner satisfactory to the Administrative Agent for any change in the market value of any such Collateral Asset and (3) give effect to sales of Collateral Assets (including sales committed to on the date of such Cure Report) only if such sales are to Approved Broker Dealers or the Equityholder and Borrower reasonably expects such s...
Borrowing Base Deficiency Cures. Any Borrowing Base Deficiency may be cured by the Borrower taking one or more of the following actions:
(i) crediting Cash into the Principal Collection Account;
(ii) repaying the applicable Advances Outstanding in accordance with Section 2.3(b); or
(iii) posting additional Eligible Loans and/or Permitted Investments as Collateral or effecting a Substitution of a new Eligible Loan for an existing Loan; provided that the amount of any reduction of a Borrowing Base Deficiency pursuant to any such additional Eligible Loans shall be the Adjusted Borrowing Value of such Eligible Loans. For the avoidance of doubt, the Borrower may cure a Borrowing Base Deficiency by any combination of (i), (ii) or (iii) of this Section 2.6 (or by any other action with the prior written consent of the Administrative Agent). Notwithstanding any other provisions of this Agreement, if the Borrower has eliminated a Borrowing Base Deficiency pursuant to clause (i) of this Section 2.6, upon written request of the Borrower to the Collateral Agent to release such funds from the Principal Collection Account and certification by the Borrower that immediately after giving effect to the return of any such Cash, no Borrowing Base Deficiency will exist, the Borrower shall be permitted the return of all or a portion of the Cash so deposited in the Principal Collection Account and the Collateral Agent shall pay the amount so requested to the Borrower and, for the avoidance of doubt, such amount shall not constitute Available Funds.
Borrowing Base Deficiency Cures. (a) Any Borrowing Base Deficiency may be cured by the Borrower taking one or more of the following actions in the aggregate amount necessary to cure such Borrowing Base Deficiency:
(i) crediting Cash into the Principal Collection Account;
(ii) repaying the applicable Advances Outstanding in accordance with Section 2.3(b); or
(iii) posting additional Eligible Loans and/or Permitted Investments as Collateral; provided that (x) the amount of any reduction of a Borrowing Base Deficiency pursuant to any such additional Eligible Loans shall be the Adjusted Borrowing Value of such Eligible Loans and (y) the use of this clause (iii) to cure a Borrowing Base Deficiency during the Amortization Period shall be subject to the approval of the Administrative Agent in its sole discretion.
Borrowing Base Deficiency Cures. (a) Any Borrowing Base Deficiency may be cured by the Borrower taking one or more of the following actions:
(i) crediting cash into the Principal Collection Account;
(ii) repaying the applicable Advances Outstanding in accordance with Section 2.3(b); and/or
(iii) posting additional Eligible Loans and/or Permitted Investments as Collateral; provided that the amount of any reduction of a Borrowing Base Deficiency pursuant to any such additional Eligible Loans shall be the Adjusted Borrowing Value of such Eligible Loans. For the avoidance of doubt, the Borrower may cure a Borrowing Base Deficiency by any combination of the applicable clauses in this Section 2.6 (or by any other action with the prior written consent of the Administrative Agent and the Required Lenders).
Borrowing Base Deficiency Cures. Any Borrowing Base Deficiency may be cured by the Borrower taking one or more of the following actions:
(i) crediting Cash into the Principal Collection Account;
(ii) repaying the applicable Advances Outstanding in accordance with Section 2.3(b); or
(iii) posting additional Eligible Loans and/or Permitted Investments as Collateral or effecting a Substitution of a new Eligible Loan for an existing Loan; provided that the amount of any reduction of a Borrowing Base Deficiency pursuant to any such additional Eligible Loans shall be the Adjusted Borrowing Value of such Eligible Loans.
Borrowing Base Deficiency Cures. Any Borrowing Base Deficiency may be cured by the Borrower taking one or more of the following actions: (i) crediting Cash into the Principal Collection Account; -51- USActive 00000000.2
