Common use of Capital Calls Clause in Contracts

Capital Calls. (i) Within two (2) Business Days following the issuance of a Capital Call, the applicable Borrower or the applicable Feeder Fund, as applicable, shall notify the Administrative Agent of the making of such Capital Call and shall provide information as to the timing and amount of such Capital Call for each applicable Investor (which detail may be set forth on an excel file) along with an exemplar copy of the Capital Call that was delivered to the applicable Investors; and (ii) a report of all such Investors failing to fund their Capital Contributions delivered the fifth (5th) Business Day following issuance by the applicable Credit Party of notice to such Investors that failed to fund that such amount remains unpaid (which notice shall be issued no later than two (2) Business Days of the date such amount was initially due along with prompt notification to the Administrative Agent that such notice has been issued) when such Capital Contributions are due pursuant to the related Capital Call therefor and every fifth (5th) Business Day thereafter until all such Investors have funded their Capital Contributions or the applicable Borrower or the applicable Feeder Fund, as applicable, certifies that it does not reasonably expect further Capital Contributions on account of such Capital Call.

Appears in 6 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)

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