Investment Period. Applicable Borrowers shall promptly notify Administrative Agent of the expiration, termination or suspension of the Investment Period, or any liquidation, winding up or dissolution of any such Borrower.
Investment Period. Prior to the expiration of the Investment Period, additional amounts may be drawn down pursuant to Article 3 for any purpose contemplated under this Agreement. After the expiration of the Investment Period, the Company will not call for or accept, and the Common Unitholders shall not be obligated to make, any drawdowns other than:
(a) to pay, and/or establish reserves for, actual or anticipated Company expenses, liabilities, including the payment or repayment of Financings or other obligations, contingent or otherwise (including the Management Fee, Distribution and Servicing Fee and Transfer Agency Agreement fee), whether incurred before or after the end of the Investment Period;
(b) to fulfill investment commitments made, approved, identified or reserved for by the Investment Manager prior to the expiration of the Investment Period;
(c) to engage in hedging transactions; or
(d) to make additional Investments in existing Portfolio Funds (each, an “Additional Investment”) (including hedging transactions related to an Additional Investment).
Investment Period. During the Investment Period, subject to Section 5.6, the Fund may make Portfolio Investments as determined by the Adviser, subject to the oversight of the Board. Following the termination of the Investment Period (and during any Key Person Suspension Period), no Portfolio Investments will be made by the Fund (and no Drawdown Purchases shall be required therefor) other than, within three months following the end of the Investment Period, (i) Follow-Up Investments and (ii) Follow-On Investments that are not Follow-Up Investments in an aggregate amount (net of amounts returned) of up to 15% of the aggregate Capital Commitments. For the avoidance of doubt, Drawdown Purchases may be required, in the Adviser’s discretion, following the termination of the Investment Period to repay Fund Indebtedness; provided that no such Drawdown Purchase shall be required to repay Fund Indebtedness incurred following the termination of the Investment Period to make a Portfolio Investment other than a Follow-Up Investment or Follow-On Investment for which the Drawdown Purchases could have been required in accordance with this Section 4.1(b); provided, further, that no Common Unitholder shall be required to fund a Drawdown Purchase in excess of its Remaining Capital Commitment.
Investment Period. As set forth in the applicable Series Designation, the Manager may establish an investment period for each Series (an “Investment Period”). The Manager shall have the right to terminate the Investment Period earlier, or to extend the Investment Period later, in each case, with respect to any Series, than the date described in the applicable Series Designation.
Investment Period. Prior to the expiration of the Investment Period, additional amounts may be drawn down pursuant to Article 3 for any purpose contemplated under this Agreement. After the expiration of the Investment Period, the Company will not call for or accept, and the Common Unitholders shall not be obligated to make, any drawdowns other than:
(a) to pay, and/or establish reserves for, actual or anticipated Company expenses, liabilities, including the payment or repayment of Financings or other obligations, contingent or otherwise (including the Management Fee), whether incurred before or after the end of the Investment Period;
(b) to fulfill investment commitments made or approved by the Investment Committee prior to the expiration of the Investment Period;
(c) to engage in hedging transactions; or
(d) to make additional investments in existing Portfolio Companies (each, an “Additional Investment”) (including transactions to hedge interest rate or currency risks related to an Additional Investment).
Investment Period. The Investment shall mature upon six months from the Effective Date (“Maturity Date”). All interest accrued during the investment period shall be paid upon the Maturity Date. Within 60 calendar days following the Maturity Date, IOC shall pay to Treasurer all principal due. For any balance of principal outstanding not paid to Treasurer within 60 calendar days of the Maturity Date, or any balance of interest accrued not paid to Treasurer upon the Maturity Date, IOC shall pay Treasurer a penalty of 300 basis points (3.00%) above the interest rate set forth herein based on the 30/360 accrual method, unless waived by Treasurer in writing. To effectuate the repayment of the Investment, IOC shall order and Treasurer shall transfer amounts sufficient to cover all principal, interest, and any penalty amounts due.
Investment Period. “Investment Period” shall mean the period beginning with the Effective Date and ending no earlier than the fifth year anniversary of the Effective Date, or such other period as may be established in writing by the CDFI Fund at its sole discretion pursuant to the Assistance Agreement.
Investment Period. During the Investment Period, subject to Section 5.6, the Fund may make Portfolio Investments as determined by the Adviser, subject to the oversight of the Board. Following the termination of the Investment Period (and during any Key Person Suspension Period), no Portfolio Investments will be made by the Fund (and no Drawdown Purchases shall be required therefor) other than (i) Follow-Up Investments and (ii) Follow-On Investments that are not Follow-Up Investments in an aggregate amount (net of amounts returned) of up to 15% of the aggregate Capital Commitments. For the avoidance of doubt, Drawdown Purchases may be required, in the Adviser’s discretion, following the termination of the Investment Period to repay Fund Indebtedness and fund delayed draw term and/or revolver loans that were entered into during the Investment Period; provided that no such Drawdown Purchase shall be required to repay Fund Indebtedness incurred following the termination of the Investment Period to make a Portfolio Investment other than a Follow-Up Investment or Follow-On Investment for which the Drawdown Purchases could have been required in accordance with this Section 4.1(b); provided, further, that no Common Unitholder shall be required to fund a Drawdown Purchase in excess of its Remaining Capital Commitment.
Investment Period. The investment period of the Company (the “Investment Period”) shall begin upon the commencement of the operations of the Company and continue until the earliest of the following: (i) the dissolution of the Company pursuant to Section 7.1, (ii) the termination of the Investment Period by a majority-in-interest of the Members, upon no less than sixty (60) days’ advance written notice to the Board and the Investment Adviser, (iii) the termination of the Investment Period by the Board, upon no less than sixty (60) days’ advance written notice to the Members (or such shorter notice as may be and only to the extent required or advisable to comply with applicable law and regulation), following a recommendation of the Investment Adviser that such termination is required or advisable to comply with applicable law or regulation, and (iv) the termination of the Investment Period by the Investment Adviser in accordance with Section 3.5.1(j). Following the termination of the Investment Period, the Company will have the right to issue drawdowns with respect to any Commitment only:
(a) to pay, and/or establish reserves for, actual or anticipated Company Expenses, whether incurred before or after the end of the Investment Period;
(b) to fulfill legally binding investment commitments made in writing by the Private Credit Investment Committee prior to the termination of the Investment Period;
(c) to make investments deemed necessary for or advantageous to complying with RIC qualification requirements and the Investment Company Act;
(d) subject to Section 4.5.1, to engage in currency hedging transactions with respect to any loans in currencies other than U.S. dollars; or
(e) to make additional investments in or relating to existing Portfolio Companies for purposes of preserving or protecting such Portfolio Companies or the investment therein (“Follow-on Investments”); provided that the Company will not, without the consent of a majority-in-interest of the Members, invest more than 20% of the Company Value in Follow-on Investments following the termination of the Investment Period (excluding any Follow-on Investments made pursuant to Section 8.5), measured at the time the relevant Follow-on Investment is made (each of (b)-(e), an “Additional Investment”). In addition, following the termination of the Investment Period, the Company will not make any new Investments (other than Short-Term Investments) other than Additional Investments. Upon the termination of the Investment Pe...
Investment Period. Borrower’s Investment Period is terminated or suspended for any reason;
