Capital Calls and Disbursements from Collateral Accounts. The Borrowers in a Fund Group shall issue, and, as applicable, (i) in accordance with the applicable Feeder Fund Acknowledgment and Confirmation, directly or indirectly cause the related Feeder Fund to issue and (ii) in accordance with the applicable Blocker Acknowledgment and Confirmation, directly or indirectly cause the related Blocker to issue, Capital Calls at such times as are necessary in order to ensure the timely payment of the Obligations of such Fund Group hereunder. Each Borrower hereby irrevocably authorizes and directs the Secured Parties, acting through the Administrative Agent, to charge from time to time the Collateral Accounts of such Fund Group for amounts owed by such Fund Group that are not paid when due (after the passage of any applicable grace period) to the Secured Parties or any of them hereunder and under the other applicable Loan Documents; provided that promptly after any disbursement of funds from any such account to the Secured Parties, as contemplated in this Section 5.2(d), the Administrative Agent shall deliver a written notice of such disbursement to the Borrowers of such Fund Group. Amounts in any applicable Feeder Fund Collateral Account and any applicable Blocker Collateral Account shall be subject to the restrictions contained in Section 9.18.
Appears in 7 contracts
Samples: Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp)
