Common use of Conditions Precedent to Each Borrowing Clause in Contracts

Conditions Precedent to Each Borrowing. The obligation of each Lender to make each Advance to be made by it (including the initial Advance) on each Borrowing Date shall be subject to the fulfillment of the following conditions; provided that the conditions described in clauses (c) and (d) (other than a Default or Event of Default described in Sections 6.01(c) or (f) or in Sections 6.03(c), (e) or (f)) below need not be satisfied if the proceeds of the Borrowing are used to fund Revolving Loans or Delayed Drawdown Loans then owned by the Borrower or to settle trades committed to by the Borrower prior to the end of the Reinvestment Period or to fund the Revolving Reserve Account on or prior to the Commitment Termination Date to the extent required under Section 8.04:

Appears in 5 contracts

Samples: Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit and Security Agreement (Monroe Capital Income Plus Corp), Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp)

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Conditions Precedent to Each Borrowing. The obligation of each Lender to make each Advance to be made by it (including the initial Advance) on each Borrowing Date shall be subject to the fulfillment of the following conditions; provided that the conditions described in clauses (cb) and (dc) (other than a Default or Event of Default described in Sections 6.01(c) or (f) or in Sections 6.03(c6.02(c), (e) or (f)) below need not be satisfied if the proceeds of the Borrowing are used to fund Revolving Collateral Loans or Delayed Drawdown Collateral Loans then owned by the Borrower or to settle trades committed to by the Borrower prior to the end of the Reinvestment Period or to fund the Revolving Reserve Account on or prior to the Commitment Termination Date to the extent required under Section 8.04; and this Section 3.02 shall not apply with respect to any Swingline Refinancing Advances:

Appears in 4 contracts

Samples: Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.), Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.), Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.)

Conditions Precedent to Each Borrowing. The obligation of each Lender to make each Advance to be made by it (including the initial Advance) on each Borrowing Date shall be subject to the fulfillment of the following conditions; provided that the conditions described in clauses (cb) and (dc) (other than a Default or Event of Default described in Sections 6.01(c) or (f) or in Sections 6.03(c6.02(c), (e) or (f)) below need not be satisfied if the proceeds of the Borrowing are used to fund Revolving Collateral Loans or Delayed Drawdown Collateral Loans then owned by the Borrower or to settle trades committed to by the Borrower prior to the end of the Reinvestment Period or to fund the Revolving Reserve Account on or prior to the Commitment Termination Date to the extent required under Section 8.04:

Appears in 1 contract

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

Conditions Precedent to Each Borrowing. The obligation of each Lender to make each Advance to be made by it (including the initial Advance) on each Borrowing Date shall be subject to the fulfillment of the following conditions; provided that (1) the conditions described in clauses (cb) and (dc) (other than a Default or Event of Default described in Sections 6.01(c) or (f) or in Sections 6.03(c6.02(c), (e) or (f)) below need not be satisfied if the proceeds of the Borrowing are used to fund Revolving Collateral Loans or Delayed Drawdown Collateral Loans then owned by the Borrower or to settle trades committed to by the Borrower prior to the end of the Reinvestment Period or to fund the Revolving Reserve Account on or prior to the Commitment Termination Date to the extent required under Section 8.04; and (2) this Section 3.02 shall not apply with respect to any Swingline Refinancing Advances:

Appears in 1 contract

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

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Conditions Precedent to Each Borrowing. The obligation of each Lender to make each Advance to be made by it (including the initial Advance) on each Borrowing Date shall be subject to the fulfillment of the following conditions; provided that the conditions described in clauses (c3.02(e) and (df) (other than a Default or Event of Default described in Sections 6.01(c6.01(b) or (fl) or a Collateral Manager Termination Event described in Sections 6.03(c), (e) or (fSection 6.03(e)) below need not be satisfied if the proceeds of the Borrowing are used to fund Revolving Loans or Delayed Drawdown Loans then owned by the Borrower or to settle trades committed to by the Borrower prior to the end of the Reinvestment Period or to fund the Revolving Reserve Account on or prior to the Commitment Termination Date to the extent required under Section 8.048.03:

Appears in 1 contract

Samples: Credit and Security Agreement (Logan Ridge Finance Corp.)

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