Investor Default. At all times when an Event of Default has occurred and is continuing and any Investor has failed to fund any Capital Contribution when due or otherwise defaulted on any of its obligations to any Borrower Party, then such Borrower Party shall exercise its available remedies under the Operating Agreement or applicable Subscription Agreement with respect to such Investor only with the written consent of the Administrative Agent, at the direction of the Required Lenders.
Appears in 3 contracts
Sources: Revolving Credit Agreement (TCW Direct Lending VII LLC), Revolving Credit Agreement (TCW Direct Lending VIII LLC), Revolving Credit Agreement (TCW Direct Lending VIII LLC)
Investor Default. At all times when an Event of Default has occurred and is continuing and any Investor has failed to fund any Capital Contribution when due or otherwise defaulted on any of its obligations to any Borrower Credit Party, then such Borrower each Credit Party shall exercise its available remedies under the Operating Agreement or applicable Subscription Agreement with respect as to such Investor only with the written consent of the Administrative Agent, at the direction of the Required Lenders.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Crescent Capital BDC, Inc.), Revolving Credit Agreement (Crescent Capital BDC, Inc.)
Investor Default. At all times when an Event of Default has occurred and is continuing and any Investor has failed to fund any Capital Contribution when due or otherwise defaulted on any of its obligations to any Borrower Party, then such Borrower Party shall exercise its available remedies under the Operating Agreement or applicable Subscription Agreement with respect as to such Investor only with the written consent of the Administrative Agent, at the direction of the Required LendersLender.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Stellus Private Credit BDC)