Capital Calls and Disbursements from Collateral Accounts. Each Borrower will issue Capital Calls at such times as are necessary in order to ensure the timely payment of the Obligations of the Fund Group relating to such Borrower hereunder. Solely following the occurrence and during the continuance of a Cash Control Event in respect of any Fund Group, each Borrower in such Fund Group hereby irrevocably authorizes and directs the Administrative Agent to charge from time to time the Collateral Account for amounts not paid when due to Administrative Agent or any Lender hereunder and under the other Loan Documents; provided that promptly after any disbursement of funds from any such account to Administrative Agent or any such Lender, as contemplated in this Section 5.02(h), the Administrative Agent shall deliver a written notice of such disbursement to the Borrower; provided, further, that the failure to deliver such notice shall not invalidate the Administrative Agent’s right to charge the Collateral Accounts.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Lafayette Square USA, Inc.), Revolving Credit Agreement (Lafayette Square USA, Inc.), Revolving Credit Agreement (Lafayette Square USA, Inc.)
