Common use of Commitments of Each Lender Clause in Contracts

Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Loan (as defined below) to the Borrower in a principal amount equal to such Xxxxxx’s Percentage of the Aggregate Commitment. (b) Each Lender shall, on the Closing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of which may be made to the Collateral Trustee on behalf of the Borrower) for deposit (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such Xxxxxx’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto. (c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with a redemption of the Debt in accordance with Article IX of the Indenture; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.

Appears in 3 contracts

Samples: Credit Agreement (AG Twin Brook Capital Income Fund), Credit Agreement (PennantPark Floating Rate Capital Ltd.), Credit Agreement (Barings Private Credit Corp)

AutoNDA by SimpleDocs

Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Loan (as defined below) to the Borrower in a principal amount equal to such Xxxxxx’s Percentage of the Aggregate Commitment. (b) Each Lender shall, on the Closing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of the proceeds of which may be made to the Collateral Trustee Agent on behalf of the Borrower) for deposit in the Ramp-Up Account (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto. (c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with a redemption of the Debt in accordance with Article IX of the Indenture; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Silver Point Specialty Lending Fund)

Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Class A-1-L Loan (as defined below) to the Borrower in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. (b) Each Lender shall, on the Closing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of which may be made to the Collateral Trustee Agent on behalf of the Borrower) for deposit in the Custodial Account (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto. (c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with a redemption of the Debt in accordance with Article IX of the Indenturean Optional Redemption; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.

Appears in 1 contract

Samples: Credit Agreement (GOLUB CAPITAL BDC, Inc.)

Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Loan (as defined below) to the Borrower in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. (b) Each Lender shall, on the Closing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of which may be made to the Collateral Trustee Agent on behalf of the Borrower) for deposit in the Ramp-Up Account (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto. (c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with a redemption of the Secured Debt in accordance with Article IX of the Indenture; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.

Appears in 1 contract

Samples: Credit Agreement (PennantPark Floating Rate Capital Ltd.)

Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Loan (as defined below) to the Borrower in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. (b) Each Lender shall, on the Closing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of which may be made to or the Collateral Trustee on its behalf of the Borrower) for deposit (in the Payment Account pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto. (c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with a redemption of the Debt in accordance with Article IX of the Indenturean Optional Redemption; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Owl Rock Capital Corp)

AutoNDA by SimpleDocs

Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Loan (as defined below) to the Borrower in a principal amount equal to such Xxxxxx’s Percentage of the Aggregate Commitment. (b) Each Lender shall, on the Closing Refinancing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of the proceeds of which may be made to the Collateral Trustee Agent on behalf of the Borrower) for deposit in the Ramp-Up Account (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto. (c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with a redemption of the Debt in accordance with Article IX of the Indenture; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Silver Point Specialty Lending Fund)

Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Loan (as defined below) to the Borrower in a principal amount equal to such XxxxxxLxxxxx’s Percentage of the Aggregate Commitment. (b) Each Lender shall, on the Closing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of which may be made to the Collateral Trustee on behalf of the Borrower) for deposit in the Pass-Through Collection Subaccount (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto. (c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with a redemption of the Debt in accordance with Article IX of the Indenture; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Golub Capital BDC 3, Inc.)

Commitments of Each Lender. (a) Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a Loan (as defined below) to the Borrower in a principal amount equal to such XxxxxxLxxxxx’s Percentage of the Aggregate Commitment. (b) Each Lender shall, on the Closing Date and subject to the terms and conditions hereof, severally, but not jointly, make a term loan (a “Loan” and, collectively, the “Loans”) to the Borrower (the payment of which may be made to the Collateral Trustee on behalf of the Borrower) for deposit into the applicable Account pursuant to the Indenture (pursuant to the wiring instructions on Schedule 4 hereto) in a principal amount equal to such XxxxxxLender’s Percentage of the Aggregate Commitment. The commitment of each Lender to make Loans under this Section 2.1(b) is herein referred to as its “Commitment” and, together with its Percentage of the Aggregate Commitment, is set forth in Schedule 1 hereto. (c) Each Loan shall be denominated in Dollars. Subject to the terms hereof, the Borrower may from time to time prepay the Loans in accordance with the Priority of Payments and in connection with a redemption of the Secured Debt in accordance with Article IX of the Indenture; provided that the Borrower may not borrow or re-borrow any Loans after prepayment or repayment thereof.

Appears in 1 contract

Samples: Loan Agreement (Blue Owl Credit Income Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!