Funding Requirements. Prior to the effectiveness of any transfer by a Borrowing Base Investor, the applicable Borrower Party shall calculate whether, taking into account the Capital Commitments of the Borrowing Base Investors as if such transfer had occurred, the transfer would cause the Principal Obligation to exceed the Available Commitment, and shall calculate and make any Capital Calls required to pay any resulting mandatory prepayment under Section 3.04 prior to permitting such transfer.
Appears in 11 contracts
Samples: Revolving Credit Agreement (TCW Direct Lending VII LLC), Revolving Credit Agreement (TCW Direct Lending LLC), Revolving Credit Agreement (TCW Direct Lending VII LLC)
Funding Requirements. Prior to the effectiveness of any transfer by a Borrowing Base Investor, the applicable Borrower Party shall calculate whether, taking into account the Capital Commitments of the Borrowing Base Investors as if such transfer had occurred, the transfer would cause the Principal Obligation to exceed the Available Commitment, and shall calculate and make any Capital Calls required to pay any resulting mandatory prepayment under Section 3.04 prior to permitting such transfer.
Appears in 3 contracts
Samples: Revolving Credit Agreement (TCW Direct Lending LLC), Credit Agreement (TCW Direct Lending LLC), Credit Agreement (TCW Direct Lending LLC)
Funding Requirements. Prior to the effectiveness of any transfer by a Borrowing Base an Included Investor, the applicable Borrower Loan Party shall calculate whether, taking into account the Capital Commitments of the Borrowing Base Included Investors as if such transfer had occurred, the transfer would cause the Dollar Equivalent of the Principal Obligation to exceed the Available CommitmentAmount, and shall calculate and make any Capital Calls required to pay any resulting mandatory prepayment under Section 3.04 prior to permitting such transfer.
Appears in 1 contract
Samples: Revolving Credit Agreement (Bain Capital Specialty Finance, Inc.)
Funding Requirements. Prior to the effectiveness of any transfer by a Borrowing Base an Included Investor, the applicable Borrower Loan Party shall calculate whether, taking into account the Capital Commitments of the Borrowing Base Included Investors as if such transfer had occurred, the transfer would cause the Principal Obligation to exceed the Available CommitmentLoan Amount, and shall calculate and make any Capital Calls required to pay any resulting mandatory prepayment under Section 3.04 prior to permitting such transfer.
Appears in 1 contract
Samples: Revolving Credit Agreement (Invesco Commercial Real Estate Finance Trust, Inc.)
