Common use of Internal Review Clause in Contracts

Internal Review. The Borrower shall conduct an internal review of the aggregate value of the Portfolio Investments included in the Borrowing Base at least once each calendar week, which shall take into account any event of which the Borrower has knowledge that materially adversely affects the aggregate value of the Portfolio Investments included in the Borrowing Base. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, within five (5) Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments on the Loans (and/or provide cover for Letters of Credit), all as more specifically set forth in Section 2.10(c).

Appears in 11 contracts

Samples: Senior Secured Credit Agreement (Blackstone Private Credit Fund), Senior Secured Credit Agreement (Blackstone Secured Lending Fund), Senior Secured Credit Agreement (Blackstone Private Credit Fund)

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Internal Review. The Borrower shall conduct an internal review of the aggregate value of the Portfolio Investments included in Investments, and of the Borrowing Base Base, at least once each calendar week, week which valuation shall take into account any event events of which the Borrower has knowledge that materially adversely affects the aggregate value of the Portfolio Investments included in or the Borrowing Base. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, within five (5) Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments on the Loans (and/or and provide cover Cash Collateral for Letters of Credit), all as more specifically set forth in Section 2.10(c2.10(b).

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Oaktree Finance, LLC), Senior Secured Revolving Credit Agreement (Oaktree Capital Group, LLC)

Internal Review. The Borrower shall conduct an internal review of the aggregate value of the Portfolio Investments included in the Borrowing Base Base, at least once each calendar week, week which shall take into account any event events of which the Borrower has knowledge that materially adversely affects the aggregate value of the Portfolio Investments included in the Borrowing Base. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, within five (5) Business Days as provided in Section 5.01(e5.01(c), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments on the Loans (and/or provide cover for Letters of Credit)prepayments, all as more specifically set forth in Section 2.10(c2.08(b).; and

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Corporate Capital Trust, Inc.)

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Internal Review. The Borrower shall conduct an internal review of the aggregate value of the Portfolio Investments included in Investments, and of the Borrowing Base Base, at least once each calendar week, week which shall take into account any event events of which the Borrower has knowledge that materially adversely affects the aggregate value of the Portfolio Investments included in or the Borrowing Base. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, within five (5) Business Days as provided in Section 5.01(e5.01(c), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments on the Loans (and/or and provide cover for Letters of Credit), all as more specifically set forth in Section 2.10(c2.09(c).

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Ares Capital Corp)

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