Common use of Conditions to Advances Clause in Contracts

Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied as of the proposed date of such Advance: (1) the Amended and Restated Effective Date shall have occurred; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3) no Market Value Event has occurred; (4) no Event of Default or Default has occurred and is continuing; (5) the Reinvestment Period has not ended; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and (7) after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 3 contracts

Samples: Loan and Security Agreement (Franklin BSP Lending Corp), Loan and Security Agreement (TCG BDC II, Inc.), Loan and Security Agreement (Carlyle Credit Solutions, Inc.)

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Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied as of the proposed date of such Advance: (1) the Amended and Restated Effective Date shall have occurred; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3) no Market Value Event has occurred; (4) no Event of Default or Default has occurred and is continuing; (5) the Reinvestment Period has not ended; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and (7) after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 3 contracts

Samples: Loan and Security Agreement (Franklin BSP Capital Corp), Loan and Security Agreement (TCG BDC II, Inc.), Loan and Security Agreement (TCG BDC II, Inc.)

Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied as of the proposed date of such Advance: (1i) the Amended and Restated Effective Date shall have occurred; (2ii) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3iii) no Market Value Event has occurred; (4iv) no Event of Default or Default has occurred and is continuing; (5v) the Reinvestment Period has not ended; (6vi) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and (7vii) after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 2 contracts

Samples: Loan Agreement (WhiteHorse Finance, Inc.), Loan Agreement (WhiteHorse Finance, Inc.)

Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied as of the proposed date of such Advance: (1a) the Amended and Restated Effective Date shall have occurred; (2b) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3c) no Market Value Event has occurred; (4d) no Event of Default or Default has occurred and is continuing; (5e) the Reinvestment Period has not ended; (6f) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and (7g) after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 2 contracts

Samples: Loan and Security Agreement (Bain Capital Private Credit), Loan and Security Agreement (Bain Capital Private Credit)

Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied (or waived by the Administrative Agent in its sole discretion) as of the proposed date of such Advance: (1) the Amended and Restated Effective Date shall have occurred; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3) no Market Value Event has occurred; (4) no Event of Default or Default has occurred and is continuing; (5) the Reinvestment Period has not ended; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and (7) immediately after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 2 contracts

Samples: Loan and Security Agreement (Blackstone / GSO Secured Lending Fund), Loan and Security Agreement (Blackstone / GSO Secured Lending Fund)

Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied (or waived by the Administrative Agent in writing (including via email) in its sole discretion) as of the proposed date of such Advance:Advance (as shall be certified by the Company): (1) the Amended and Restated Effective Date shall have occurred; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3) no Market Value Event has occurred; (4) no Event of Default or Default has occurred and is continuing; (5) the Reinvestment Period has not ended; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and (7) after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 2 contracts

Samples: Loan and Security Agreement (Stone Point Credit Corp), Loan and Security Agreement (Stone Point Credit Corp)

Conditions to Advances. No Advance shall be made on or after the date hereof unless each of the following conditions is satisfied (or waived by the Administrative Agent in its sole discretion) as of the proposed date of such Advance: (1) the Amended and Restated Effective Date shall have occurred; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3) no Market Value Event has occurred; (4) no Event of Default or Default has occurred and is continuing; (5) the Reinvestment Period has not ended; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and (7) immediately after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 2 contracts

Samples: Loan and Security Agreement (Blackstone Secured Lending Fund), Loan and Security Agreement (Blackstone Secured Lending Fund)

Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied as of the proposed date of such Advance: (1) the Amended and Restated Effective Date shall have occurred; ; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); ; (3) no Market Value Event has occurred; ; (4) no Event of Default or Default has occurred and is continuing; ; (5) the Reinvestment Period has not ended; ; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and and (7) after giving pro forma effect to such Advance (and any related Purchase) hereunder:: (x) the Borrowing Base Test is satisfied; (y) the aggregate principal balance of Advances then outstanding will not exceed the limit for Advances set forth in the Transaction Schedule; and (z) in the case of an Advance made in connection with a Purchase, the amount of such Advance shall be not less than U.S.$2,000,000. If the above conditions to an Advance are satisfied or waived by the Administrative Agent, the Servicer shall determine, in consultation with the Administrative Agent and with notice to the Lenders and the Collateral Administrator, the date on which any Advance shall be provided.

Appears in 1 contract

Samples: Loan and Security Agreement (Carlyle Credit Solutions, Inc.)

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Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied as of the proposed date of such Advance:: (or waived by the Administrative Agent in its sole discretion): (1) the Amended and Restated Effective Date shall have occurred; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3) no Market Value Event has occurred; (4) no Default or Event of Default or Default has occurred and is continuing; (5) the Reinvestment Period has not ended; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and; (7) after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 1 contract

Samples: Loan and Security Agreement (Manulife Private Credit Fund)

Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied as of the proposed date of such Advance: (1) the Amended and Restated Effective Date shall have occurred; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3) no Market Collateral Value Event has occurred; (4) no Default or Event of Default or Default has occurred and is continuing; (5) the Reinvestment Period has not ended; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and (7) after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 1 contract

Samples: Loan and Security Agreement (SCP Private Credit Income BDC LLC)

Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied (or waived by the Administrative Agent in its sole discretion) as of the proposed date of such Advance: (1) the Amended and Restated Effective Date shall have occurred; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3) no Market Value Event has occurred; (4) no Default or Event of Default or Default has occurred and is continuing; (5) the Reinvestment Period has not ended; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and; (7) after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 1 contract

Samples: Loan and Security Agreement (Kayne Anderson BDC, Inc.)

Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied (or waived by the Administrative Agent in writing (including via email) in its sole discretion) as of the proposed date of such Advance: (1) the Amended and Restated Effective Date shall have occurred; (2) the Company shall have delivered a Request for Advance in accordance with Section 2.03(d); (3) no Market Value Event has occurred; (4) no Event of Default or Default has occurred and is continuing; (5) the Reinvestment Period has not ended; (6) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the date of such Advance, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date; and (7) immediately after giving pro forma effect to such Advance (and any related Purchase) hereunder:

Appears in 1 contract

Samples: Loan and Security Agreement (Portman Ridge Finance Corp)

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