Common use of Drawdowns of Undrawn Commitment; Deficiency Drawdowns Clause in Contracts

Drawdowns of Undrawn Commitment; Deficiency Drawdowns. (a) The Company may draw down capital contributions from time to time from each Member up to such Member’s Undrawn Commitment with respect to its Common Units and may require each Member to make any other payment required under this Agreement. Each Member agrees to contribute or pay to the Company the called amount by the date specified in the capital call notice, provided that the due date shall not be less than ten Business Days following the date the drawdown notice is dispatched (except that the due date for the initial drawdown with respect to newly issued Units shall not be less than five Business Days following the date the drawdown notice is dispatched).

Appears in 7 contracts

Samples: Limited Liability Company Agreement (TCW Spirit Direct Lending LLC), Limited Liability Company Agreement (TCW Star Direct Lending LLC), Limited Liability Company Agreement (TCW Direct Lending VIII LLC)

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