Common use of Enforcement Priority of Payments Clause in Contracts

Enforcement Priority of Payments. If an Event of Default has occurred and is continuing, all Interest Proceeds, Principal Proceeds and any other available funds in the Transaction Accounts (other than the Future Funding Reserve Account) will be distributed in the following order of priority (the “Enforcement Priority of Payments”):

Appears in 2 contracts

Samples: Credit Agreement and Margining Agreement (Blue Owl Technology Income Corp.), Credit Agreement (Owl Rock Technology Income Corp.)

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Enforcement Priority of Payments. If an Event of Default has occurred and is continuing, all Interest Proceeds, Principal Proceeds and any other available funds in the Transaction Accounts (other than the Future Funding Reserve Account) will be distributed in the following order of priority (the “Enforcement Priority of Payments”):

Appears in 2 contracts

Samples: Credit Agreement (Apollo Debt Solutions BDC), Bain Capital Specialty Finance, Inc.

Enforcement Priority of Payments. If After an Event of Default has occurred and is continuing, all Interest Proceeds, Principal Proceeds and any other available funds in the Transaction Borrower Accounts (other than the Future Funding Reserve Account) will be distributed in the following order of priority (the “Enforcement Priority of Payments”):priority:

Appears in 2 contracts

Samples: Credit Agreement (FS Investment Corp II), Credit Agreement (FS Energy & Power Fund)

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Enforcement Priority of Payments. If an Event of Default has occurred and is continuing, all Interest Proceeds, Principal Proceeds and any other available funds in the Transaction Accounts (other than the Future Funding Unfunded Reserve Account) will be distributed in the following order of priority (the “Enforcement Priority of Payments”):

Appears in 1 contract

Samples: Credit Agreement (Kennedy Lewis Capital Co)

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