Common use of Borrowings and Conversions of Loans Clause in Contracts

Borrowings and Conversions of Loans. (a) Each Borrowing and each conversion of Loans from one Type to the other shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 11:00 a.m., (i) on the requested date of any Borrowing of LIBOR Floating Rate Loans or Base Rate Loans or (ii) on the requested date of any conversion of (A) LIBOR Floating Rate Loans to Base Rate Loans or (B) Base Rate Loans to LIBOR Floating Rate Loans. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of or conversion to LIBOR Floating Rate Loans or Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing or a conversion of Loans from one Type to the other, (ii) the requested date of the Borrowing or conversion, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed or converted, and (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted. If the Borrower fails to specify a Type of Loan in a Loan Notice, then the applicable Loans shall be made as LIBOR Floating Rate Loans; provided that, if the LIBOR Daily Floating Rate is unavailable, then the applicable Loans shall be made as, or converted to, Base Rate Loans.

Borrowings and Conversions of Loans. (a) Each Borrowing borrowing and each conversion of Loans a Loan from one Type to the other shall be made upon the Borrower’s irrevocable notice to the Administrative AgentLender, which may be given by telephone. Each such notice must be received by the Administrative Agent Lender not later than 11:00 a.m., 1:00 p.m. (i) on three Business Days prior to the requested date of any Borrowing borrowing of, conversion to, a LIBOR Loan or of any conversion of a LIBOR Floating Rate Loans or Loan to a Base Rate Loans or Loan, and (ii) on the requested date of any conversion borrowing of (A) LIBOR Floating Rate Loans to a Base Rate Loans or (B) Base Rate Loans Loan. Notwithstanding anything to LIBOR Floating Rate Loansthe contrary contained herein, but subject to the provisions of Section 10.02(d), any such telephonic notice may be given by an individual who has been authorized in writing to do so by a Responsible Officer of the Borrower. Each such telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent Lender of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing borrowing of or conversion to a LIBOR Floating Rate Loans or Base Rate Loans Loan shall be in a principal amount of $500,000 100,000 or a whole multiple of $100,000 in excess thereof. Except as provided in Section 2.03(c), each borrowing of or conversion to a Base Rate Loan shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing borrowing or a conversion of Loans a Loan from one Type to the other, (ii) the requested date of the Borrowing borrowing or conversion, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans the Loan to be borrowed borrowed, converted or converted, continued and (iv) the Type of Loans Loan to be borrowed or to which an existing Loans are Loan is to be converted. If the Borrower fails to specify a Type of Loan in a Loan NoticeNotice or if the Borrower fails to give a timely notice requesting a conversion, then the applicable Loans shall be made as LIBOR Floating Rate Loans; provided that, if the LIBOR Daily Floating Rate is unavailable, then the applicable Loans Loan shall be made as, or converted to, a Base Rate LoansLoan. Any such automatic conversion to a Base Rate Loan shall be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBOR Loan.

Borrowings and Conversions of Loans. (a) Each Borrowing and Borrowing, each conversion of Loans from one Type to the other shall be made upon the Borrower’s irrevocable notice to the Administrative AgentAgent and Collateral Administrator, which may be given by telephonein writing, including via email. Each such notice must be received by the Administrative Agent and the Collateral Administrator not later than 11:00 a.m.a.m. (x) on the first Business Days immediately prior to the requested date of any Borrowing of any Daily SOFR Loan, of any conversion of Base Rate Loans to Daily SOFR Loans, or of any conversion of Daily SOFR Loans to Base Rate Loans and (iy) on the requested date of any Borrowing of LIBOR Floating Rate Loans or any Base Rate Loans or (ii) on the requested date of any conversion of (A) LIBOR Floating Rate Loans to Base Rate Loans or (B) Base Rate Loans to LIBOR Floating Rate Loans. Each telephonic written notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of of, or conversion to LIBOR Floating Rate to, Daily SOFR Loans shall be in a minimum principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof, or in the amount of the unused portion of the Commitments. Each Borrowing of, or conversion to, Base Rate Loans shall be in a principal amount of $500,000 1,000,000 or a whole multiple of $100,000 500,000 in excess thereofthereof or in the amount of the unused portion of the Commitments (or, in the case of any Borrowing to be applied to fund any draw under a Revolving Asset or Delayed Draw Asset, such other amount as may be required to fund such draw). Each Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing or a conversion of Loans from one Type to the otheranother, (ii) the requested date of the Borrowing Borrowing, conversion or conversioncontinuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed or converted, and (iv) the Type of Loans to be borrowed or to which existing Loans are to be convertedconverted and (v) with respect to any Revolving Asset or Delayed Draw Asset, the amount to be deposited in the Unfunded Exposure Account in connection with the acquisition of any Collateral Asset(s) pursuant to Section 2.17. If the Borrower fails to specify a Type of Loan in a Loan NoticeNotice or if the Borrower fails to give a timely notice requesting a conversion, then the applicable Loans shall be made as LIBOR Floating Rate Loans; provided that, if the LIBOR Daily Floating Rate is unavailable, then the applicable Loans shall be made as, or converted to, Base Rate SOFR Loans.

Borrowings and Conversions of Loans. (a) Each Borrowing and each conversion of Loans from one Type to the other shall be made upon the Borrower’s irrevocable notice to the Administrative AgentAgent and Collateral Administrator, which may be given in writing, including via email; provided that, any such notice which is conditioned upon the effectiveness of other transactions may be revoked or delayed by telephonethe Borrower (by notice to the Administrative Agent and the Collateral Administrator not later than 1:00 p.m. on the Business Day before such Loan was scheduled to be funded) if such other transactions fail to become effective (and, for the avoidance of doubt, the Borrower shall be liable for any amounts required under Section 3.05 or other reasonable and documented out-of-pocket costs incurred by the Administrative Agent or any Lender in connection with such revocation or delay); provided further that no Borrowing of, or conversion to, a Canadian Prime Rate Loan shall be permitted other than as required pursuant to Section 3.03(d)(i). Each such notice must be received by the Administrative Agent and the Collateral Administrator not later than 11:00 a.m.12:00 noon (x) in the case of Daily SOFR Loans, (i) on the Business Day prior to the requested date of any Borrowing of, or conversion to Daily SOFR Loans denominated in Dollars or of LIBOR Floating Rate any conversion of Daily SOFR Loans or denominated in Dollars to Base Rate Loans Loans, (y) in the case of Alternative Currency Loans, three Business Days (or (iifive Business Days in the case of a Special Notice Currency) on prior to the requested date of any conversion Borrowing or, in the case of Alternative Currency Term Rate Loans, any continuation and (Az) LIBOR Floating Rate Loans to on the Business Day requested for any Borrowing of Base Rate Loans or (B) Base Rate Loans to LIBOR Floating Rate Loans. Each telephonic written notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of of, or conversion to, Daily SOFR Loans and each Borrowing of, conversion to LIBOR Floating Rate or continuation of Alternative Currency Loans shall be in a principal amount of the lesser of (x)(i) in the case of USD-denominated Loans, $500,000 or a whole multiple of $100,000 in excess thereof, (ii) in the case of EUR-denominated Loans, €400,000 or a whole multiple of €100,000 in excess thereof, (iii) in the case of GBP-denominated Loans, £350,000 or a whole multiple of £75,000 in excess thereof, (iv) in the case of CAD-denominated Loans, CAD625,000 or a whole multiple of CAD125,000 in excess thereof, (v) in the case of AUD-denominated Loans, AUD650,000 or a whole multiple of AUD130,000 in excess thereof, (vi) in the case of DKK-denominated Loans, DKK3,000,000 or a whole multiple of DKK600,000 in excess thereof, (vii) in the case of NOK-denominated Loans, NOK4,000,000 or a whole multiple of NOK775,000 in excess thereof, (viii) in the case of SEK-denominated Loans, SEK4,000,000 or a whole multiple of SEK850,000 in excess thereof or (ix) in the case of NZD-denominated Loans, NZD650,000 or a whole multiple of NZD130,000 in excess thereof (or, in the case of any Loan denominated in an Eligible Currency other than USD, such lesser amount such that no Alternate Currency Par Balance Shortfall exists or would result therefrom) or (y) in the amount of the unused portion of the Commitments. Each Borrowing of, or conversion to, Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereofthereof or in the amount of the unused portion of the Commitments (or, in the case of any Borrowing to be applied to fund any draw under a Revolving Asset or Delayed Draw Asset, such other amount as may be required to fund such draw). Each Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing or a conversion of Loans from one Type to the other, (ii) the requested date of the Borrowing or conversion, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed or converted, and (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted. If the Borrower fails to specify a Type of Loan in a Loan Notice, then the applicable Loans shall be made as LIBOR Floating Rate Loans; provided that, if the LIBOR Daily Floating Rate is unavailable, then the applicable Loans shall be made as, or converted to, Base Rate Loans.of

Borrowings and Conversions of Loans. (a) Each Borrowing and each conversion of Loans from one Type to the other shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephonetelephone or a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Notice. Each such notice must be received by the Administrative Agent not later than 11:00 a.m., a.m. (i) three (3) U.S. Government Securities Business Days prior to the requested date of any Borrowing of or conversion to SOFR Loans or of any conversion of SOFR Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of LIBOR Floating Rate Loans or Base Rate Loans or (ii) on the requested date of any conversion of (A) LIBOR Floating Rate Loans to Base Rate Loans or (B) Base Rate Loans to LIBOR Floating Rate Loans. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of or conversion to LIBOR Floating Rate SOFR Loans shall be in a principal amount of Three Million Dollars ($3,000,000) or a whole multiple of One Million Dollars ($1,000,000) in excess thereof. Except as provided in Section 2.03(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of Five Hundred Thousand Dollars ($500,000 500,000) or a whole multiple of One Hundred Thousand Dollars ($100,000 100,000) in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing or a conversion of Loans from one Type to the other, (ii) the requested date of the Borrowing or conversion, as the case may be (which shall be a Business Day, or a U.S. Government Securities Business Day, in the case of any SOFR Loan), (iii) the principal amount of Loans to be borrowed or converted, and (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted. If the Borrower fails to specify a Type of Loan in a Loan Notice, then the applicable Loans shall be made as LIBOR Floating Rate Loans; provided that, Notice or if the LIBOR Daily Floating Rate is unavailableBorrower fails to give a timely notice requesting a conversion, then the applicable Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day prior to the next immediately succeeding Interest Payment Date with respect to the applicable SOFR Loans.