Common use of Debt Payable on Redemption Date Clause in Contracts

Debt Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Debt to be repaid or redeemed shall, on the Redemption Date, become due and payable at, in the case of the Notes, the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as therein specified, and from and after the Redemption Date (unless the Issuer shall Default in the repayment of the Class A Loan or payment of the Redemption Price and accrued interest thereon) the Debt redeemed or prepaid shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note to be repaid or a Note to be redeemed, the Holder shall present and surrender the Class A Lender Promissory Note or such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, that if there is delivered to the Issuer, the Note Administrator and the Trustee such security or indemnity as may be required by them to hold each of them harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such Note, then, in the absence of notice to the Issuer, the Note Administrator and the Trustee that the Class A Lender Promissory Note or the applicable Note has been acquired by a bona fide purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Debt so to be repaid or redeemed whose Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debt, or predecessor Debt, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f).

Appears in 2 contracts

Samples: Indenture and Credit Agreement (Terra Property Trust, Inc.), Indenture and Credit Agreement (Terra Secured Income Fund 5, LLC)

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Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Debt to be repaid redeemed or redeemed prepaid, as applicable, shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price Prices and accrued interest thereoninterest) the all such Debt redeemed or prepaid shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note Debt to be repaid so redeemed or a Note to be redeemedprepaid, as applicable, the Holder shall present and surrender the Class A Lender Promissory Note or such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Issuer and the Collateral Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such NoteDebt, then, in the absence of notice to the Issuer, Issuer or the Note Administrator and the Collateral Trustee that the Class A Lender Promissory Note or the applicable Note Debt has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Debt so to be repaid so redeemed or redeemed whose Maturity is prepaid, as applicable, which are payable on or prior to the Redemption Date shall be payable to the Holders of such Debt, or one or more predecessor Debt, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.8(e).

Appears in 2 contracts

Samples: Indenture and Security Agreement (Blue Owl Credit Income Corp.), Indenture and Security Agreement (Blue Owl Credit Income Corp.)

Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Debt to be repaid or redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price Prices and accrued interest thereoninterest) the all such Debt redeemed or prepaid shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory any Note to be repaid or a Note to be so redeemed, the Holder shall present and surrender the Class A Lender Promissory Note or such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Co-Issuers and the Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such Note, then, in the absence of notice to the IssuerCo-Issuers, the Note Administrator and Trustee or the Trustee Collateral Agent that the Class A Lender Promissory Note or the applicable Note has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Debt so to be repaid or redeemed whose Maturity is that are payable on or prior to the Redemption Date shall be payable to the Holders of such Debt, or one or more predecessor DebtNotes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.7(e).

Appears in 2 contracts

Samples: Indenture and Security Agreement (Silver Point Specialty Lending Fund), Indenture and Security Agreement (Silver Point Specialty Lending Fund)

Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 (Redemption Procedures) having been given as aforesaid, the Secured Debt to be repaid or redeemed shall, on the Redemption Date, subject to Section 9.4(f) (Redemption Procedures) and the Issuers’ right to withdraw any notice of redemption or prepayment pursuant to Section 9.4(c) (Redemption Procedures), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price and accrued interest thereonPrices) the all such Secured Debt redeemed or prepaid shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note Debt to be repaid or a Note to be so redeemed, the Holder shall present and surrender the Class A Lender Promissory Note or such Note Debt at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Issuers and the Collateral Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such NoteDebt, then, in the absence of notice to the Issuer, Issuers or the Note Administrator and the Collateral Trustee that the Class A Lender Promissory Note or the applicable Note Debt has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Secured Debt so to be repaid or redeemed whose Maturity is which are payable on or prior to the Redemption Date shall be payable to the Holders of such Secured Debt, or one or more predecessor Debt, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.7(e) (Payment of Principal and Interest and Other Amounts; Principal and Interest Rights Preserved).

Appears in 1 contract

Samples: Indenture (Barings Private Credit Corp)

Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 (Redemption Procedures) having been given as aforesaid, the Secured Debt to be repaid or redeemed shall, on the Redemption Date, subject to Section 9.4(f) (Redemption Procedures) and the Issuers' right to withdraw any notice of redemption or prepayment pursuant to Section 9.4(c) (Redemption Procedures), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, 198 and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price and accrued interest thereonPrices) the all such Secured Debt redeemed or prepaid shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note Debt to be repaid or a Note to be so redeemed, the Holder shall present and surrender the Class A Lender Promissory Note or such Note Debt at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Issuers and the Collateral Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such NoteDebt, then, in the absence of notice to the Issuer, Issuers or the Note Administrator and the Collateral Trustee that the Class A Lender Promissory Note or the applicable Note Debt has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Secured Debt so to be repaid or redeemed whose Maturity is which are payable on or prior to the Redemption Date shall be payable to the Holders of such Secured Debt, or one or more predecessor Debt, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.7(e) (Payment of Principal and Interest and Other Amounts; Principal and Interest Rights Preserved).

Appears in 1 contract

Samples: Indenture and Security Agreement (Barings Private Credit Corp)

Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Debt to be repaid redeemed or redeemed prepaid, as applicable, shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price Prices and accrued interest thereoninterest) the all such Debt redeemed or prepaid shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note Debt to be repaid so redeemed (or a Note to be redeemedprepaid as applicable), the Holder shall present and surrender the Class A Lender Promissory Note or such Note Debt at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Issuer and the Collateral Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such NoteDebt, then, in the absence of notice to the Issuer, Issuer or the Note Administrator and the Collateral Trustee that the Class A Lender Promissory Note or the applicable Note Debt has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Debt so to be repaid so redeemed or redeemed whose Maturity is prepaid, as applicable, which are payable on or prior to the Redemption Date shall be payable to the Holders of such Debt, or one or more predecessor Debt, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.8(e).

Appears in 1 contract

Samples: Indenture and Security Agreement (Owl Rock Core Income Corp.)

Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Debt to be repaid redeemed (or redeemed prepaid, as applicable) shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price Prices and accrued interest thereoninterest) the all such Debt redeemed or prepaid shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note Debt to be repaid so redeemed (or a Note to be redeemedprepaid, as applicable), the Holder shall present and surrender the Class A Lender Promissory Note or such Note Debt at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Issuer and the Collateral Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such NoteDebt, then, in the absence of notice to the Issuer, Issuer or the Note Administrator and the Collateral Trustee that the Class A Lender Promissory Note or the applicable Note Debt has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Debt so to be repaid so redeemed (or redeemed whose Maturity is prepaid, as applicable)which are payable on or prior to the Redemption Date shall be payable to the Holders of such Debt, or one or more predecessor Debt, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.8(e).

Appears in 1 contract

Samples: Indenture and Security Agreement (Owl Rock Capital Corp)

Debt Payable on Redemption Date. (a) Notice of redemption or prepayment, as applicable, pursuant to Section 9.4 having been given as aforesaid, the Debt to be repaid or redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption or prepayment, as applicable, pursuant to Section 9.4(c), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price Prices and accrued interest thereoninterest) the all such Debt redeemed or prepaid that is Secured Debt shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory any Note to be repaid or a Note to be so redeemed, the Holder shall present and surrender the Class A Lender Promissory Note or such Note at the place specified in the notice of redemption or prepayment, as applicable, on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Issuer and the Collateral Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such Note, then, in the absence of notice to the Issuer, Issuer or the Note Administrator and the Collateral Trustee that the Class A Lender Promissory Note or the applicable Note has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Secured Debt and payments in respect of Subordinated Notes so to be repaid or redeemed whose Maturity is that are payable on or prior to the Redemption Date shall be payable to the Holders of such DebtDebt (or in the case of Notes, one or more predecessor DebtNotes), registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.7(e).

Appears in 1 contract

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

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Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Debt to be repaid redeemed or redeemed prepaid, as applicable, shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price Prices and accrued interest thereoninterest) the all such Debt redeemed or prepaid shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note Debt to be repaid so redeemed (or a Note to be redeemedprepaid, as applicable), the Holder shall present and surrender the Class A Lender Promissory Note or such Note Debt at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Issuer and the Collateral Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such NoteDebt, then, in the absence of notice to the Issuer, Issuer or the Note Administrator and the Collateral Trustee that the Class A Lender Promissory Note or the applicable Note Debt has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Debt so to be repaid so redeemed or redeemed whose Maturity is prepaid, as applicable, which are payable on or prior to the Redemption Date shall be payable to the Holders of such Debt, or one or more predecessor Debt, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.8(e).

Appears in 1 contract

Samples: Indenture and Security Agreement (Owl Rock Core Income Corp.)

Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Debt to be repaid or redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the right or obligation to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price Prices and accrued interest thereoninterest) the all such Debt redeemed or prepaid shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note any Debt to be repaid or a Note to be so redeemed, the Holder shall present and surrender the Class A Lender Promissory Note or such Note Debt at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Issuer and the Trustee (and each applicable Loan Agent, as applicable) such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such NoteDebt, then, in the absence of notice to the Issuer, the Note Administrator and Issuer or the Trustee that the Class A Lender Promissory Note or the applicable Note Debt instrument has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Debt so to be repaid or redeemed whose Maturity is which are payable on or prior to the Redemption Date shall be payable to the Holders of such Debt, or one or more predecessor DebtDebt instruments, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.7(e). (b) If any Secured Debt called for redemption shall not be paid upon surrender thereof for redemption, the principal thereof shall, until paid, bear interest from the Redemption Date at the applicable Interest Rate for each successive Interest Accrual Period such Secured Debt remains Outstanding; provided that the reason for such non-payment is not the fault of such Debtholder.

Appears in 1 contract

Samples: Indenture and Security Agreement (Nuveen Churchill Direct Lending Corp.)

Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Debt to be repaid or redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price Prices and accrued interest thereoninterest) the all such Debt redeemed or prepaid that is Secured Debt shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note to be repaid or a Note to be so redeemed, the Holder shall present and surrender the Class A Lender Promissory Note or such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Collateral Agent and the Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such Note, then, in the absence of notice to the Issuer, the Note Administrator and Collateral Agent or the Trustee that the Class A Lender Promissory Note or the applicable Note Debt has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Secured Debt so to be repaid or redeemed whose Maturity is which are payable on or prior to the Redemption Date shall be payable to the Holders of such Secured Debt, or one or more predecessor Debt, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.7(e).

Appears in 1 contract

Samples: GOLUB CAPITAL BDC, Inc.

Debt Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Debt to be repaid or redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer's right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at, in the case of the Notes, at the Redemption Price and in the case of the Class A Loan, at the principal balance thereof being prepaid, together with accrued and unpaid interest thereon, as Prices therein specified, and from and after the Redemption Date (unless the Issuer shall Default default in the repayment of the Class A Loan or payment of the Redemption Price Prices and accrued interest thereoninterest) the all such Debt redeemed or prepaid that constitutes Secured Debt shall cease to bear interest on the Redemption Date. Upon final payment on a Class A Lender Promissory Note to be repaid or a Note to be so redeemed, the Holder shall present and surrender the Class A Lender Promissory Note or such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided, however, provided that if there is delivered to the Issuer, the Note Administrator Issuer and the Collateral Trustee such security or indemnity as may be required by them to hold each of them save such party harmless and an undertaking thereafter to surrender the Class A Lender Promissory Note or such Note, then, in the absence of notice to the Issuer, Issuer or the Note Administrator and the Collateral Trustee that the Class A Lender Promissory Note or the applicable Note has been acquired by a bona fide protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on the Secured Debt so to be repaid or redeemed whose Maturity is which are payable on or prior to the Redemption Date shall be payable to the Holders of such Secured Debt, or in the case of Notes, one or more predecessor DebtNotes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(f2.7(e).

Appears in 1 contract

Samples: Golub Capital BDC 3, Inc.

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