Limitation on Borrowings and Re-borrowings. No Lender shall be required to advance any Loan hereunder if after giving effect thereto (a) the Principal Obligations would exceed the Available Commitment, (b) the Principal Obligations of such Lender would exceed its Commitment, (c) the aggregate Principal Obligations would exceed the Maximum Commitment or (d) the conditions precedent for such Borrowing in Section 6 have not been satisfied.
Limitation on Borrowings and Re-borrowings. Except as provided in Section 2.1(c) below, no Lender shall be required to advance any Borrowing, Rollover, or Conversion to a Fund Group hereunder if:
(i) after giving effect to such Borrowing, Rollover or Conversion: (A) the Principal Obligations of such Fund Group would exceed the Available Commitment of such Fund Group; or (B) the Principal Obligations owed to any Lender would exceed the Commitment of such Lender; or
(ii) the conditions precedent for such Borrowing in Section 6.2 have not been satisfied.
Limitation on Borrowings and Re-borrowings. Except as provided in Section 2.1(c) below, no Lender shall be required to advance any Borrowing, Rollover, Conversion or cause the issuance of any Letter of Credit hereunder if:
(i) after giving effect to such Borrowing, Rollover, Conversion, or issuance of such Letter of Credit: (A) the Dollar Equivalent of the Principal Obligations would exceed the Available Commitment; (B) the Dollar Equivalent of the Letter of Credit Liability would exceed the Letter of Credit Sublimit; or (C) the Dollar Equivalent of the Principal Obligations owed to any Lender would exceed the Commitment of such Lender; or
(ii) the conditions precedent for such Borrowing or for the issuance of such Letter of Credit in Section 6.2 have not been satisfied.
Limitation on Borrowings and Re-borrowings. Except as provided in clause (c) below, the Lenders shall not be required to advance any Borrowing, Conversion or Rollover or cause the issuance or extension of any Letter of Credit hereunder if:
(i) after giving effect to such Borrowing, Conversion or Rollover or issuance or extension of such Letter of Credit, (A) the Principal Obligations of Loans would exceed the Available Commitment; and/or
(ii) an Event of Default or, in the case of any Borrowing to the knowledge of the Administrative Agent or the actual knowledge of any Responsible Officer of any Credit Party, a Default exists.
Limitation on Borrowings and Re-borrowings. Except as provided in clause (c) below, the Lenders shall not be required to advance any Borrowing or Rollover hereunder, if:
(i) after giving effect to such Borrowing or Rollover, the Dollar Equivalent of the Principal Obligations would exceed the Available Commitment; provided that the foregoing restriction shall apply only to the extent of the amount by which such Borrowing or Rollover would cause the Dollar Equivalent of the Principal Obligations to exceed the Available Commitment;
(ii) an Event of Default or, to any Credit Party’s or the Administrative Agent’s knowledge, a Material Potential Default exists;
(iii) [reserved]; or
(iv) other than as disclosed to the Administrative Agent in writing, the Borrowers have knowledge or reason to believe the Feeder would be entitled to exercise an excuse or exemption right under the applicable Partnership Agreement or its Subscription Agreement or any Side Letter with respect to any Investment (or is otherwise not participating in such Investment) being acquired in whole or in part with any proceeds of the related Loan (provided, that if the Borrowers have disclosed a potential excuse or exemption right or other non-participation to the Administrative Agent in writing, the excused portion of the Feeder’s Unfunded Capital Commitment shall be excluded from the calculation of the Available Commitment with respect to the applicable Borrowing but the Borrowers shall not be prohibited from such credit extension upon satisfaction of the other conditions therefor).
Limitation on Borrowings and Re-borrowings. Except as provided in clause (c) below, the Lenders shall not be required to advance any Borrowing or Rollover or cause the issuance of any Letter of Credit hereunder if:
(i) after giving effect to such Borrowing or Rollover or issuance of such Letter of Credit, (A) the Dollar Equivalent of the Principal Obligations of Loans and Letters of Credit denominated in Alternative Currencies would exceed the Alternative Currency Sublimit or (B) the Dollar Equivalent of the Principal Obligations would exceed the Available Commitment; provided that the foregoing restriction shall apply only to the extent of the amount by which such Borrowing or Rollover would cause (x) the Dollar Equivalent of the Principal Obligations of Loans and Letters of Credit denominated in Alternative Currencies to exceed the Alternative Currency Sublimit or (y) the Dollar Equivalent of the Principal Obligations to exceed the Available Commitment; and/or
(ii) an Event of Default or, in the case of any Borrowing (but not a Rollover) to the knowledge of the Administrative Agent or the actual knowledge of any Responsible Officer of any Credit Party, a Default exists.
Limitation on Borrowings and Re-borrowings. Except as provided in clause (c) below, the Lenders shall not be required to advance any Borrowing, Conversion or Rollover or cause the issuance or extension of any Letter of Credit hereunder if:
(i) after giving effect to such Borrowing, Conversion or Rollover or issuance or extension of such Letter of Credit, the Principal Obligations would exceed the Available Commitment;
(ii) after giving effect to such Borrowing, Conversion or Rollover or issuance or extension of such Letter of Credit, the Principal Obligations under the Temporary Increase Tranche would exceed the Temporary Increase Commitments; and/or
(iii) (ii) an Event of Default or, in the case of any Borrowing to the knowledge of the Administrative Agent or the actual knowledge of any Responsible Officer of any Credit Party, a Default exists.
Limitation on Borrowings and Re-borrowings. Except as provided in Section 2.1(c), the Lenders shall not be required to advance any Borrowing, Continuation, Conversion or cause the issuance of any Letter of Credit hereunder if:
(i) after giving effect to such Borrowing, Continuation, Conversion, or issuance of such Letter of Credit: (A) the Dollar Equivalent of the Principal Obligations would exceed the Available Commitment; (B) with respect to the issuance of any Letter of Credit only, the Dollar Equivalent of the Letter of Credit Liability would exceed the Letter of Credit Sublimit; (C) the Dollar Equivalent of the Principal Obligations of any Lender would exceed the Commitment of such Lender; or (D) the Dollar Equivalent of the Principal Obligations of Loans and Letters of Credit denominated in Alternative Currencies would exceed the Alternative Currency Sublimit; or
(ii) the conditions precedent in Section 6.2 have not been satisfied (which shall be limited to clauses (a) and (b) thereof solely in the case of Continuations and Conversions).
Limitation on Borrowings and Re-borrowings. Except as provided in Section 2.1(c), the Lenders shall not be required to advance any Borrowing, Continuation, or cause the issuance of any Letter of Credit hereunder if:
(i) after giving effect to such Borrowing, Continuation, Conversion, or issuance of such Letter of Credit: (A) the Dollar Equivalent of the Principal Obligations would exceed the Available Commitment; (B) with respect to the issuance of any Letter of Credit only, the Dollar Equivalent of the Letter of Credit Liability would exceed the Letter of Credit Sublimit; provided, that the foregoing restriction shall only apply to the extent of the amount by which such Borrowing, Conversion, Continuation or Letter of Credit issuance would cause such excess; (C) the Dollar Equivalent of the Principal Obligations of any Lender would exceed the Commitment of such Lender; or (D) the Dollar Equivalent of the Principal Obligations of Loans and Letters of Credit denominated in Alternative Currencies would exceed the Alternative Currency Sublimit; or
(ii) the conditions precedent for such Borrowing or for the issuance of such Letter of Credit in Sections 6.2, 6.3 and 6.4, as applicable, have not been satisfied or waived.
Limitation on Borrowings and Re-borrowings. Except as provided in Section 2.1(c) below, no Lender shall be required to advance any Borrowing, Rollover, or Conversion hereunder if:
(i) after giving effect to such Borrowing, Rollover or Conversion: (A) the Dollar Equivalent of the Principal Obligations would exceed the Available Commitment; (B) the Dollar Equivalent of the Principal Obligations owed to any Lender would exceed the Commitment of such Lender; or (C) the Dollar Equivalent of the Principal Obligations of Loans in Alternative Currencies would exceed the Alternative Currency Sublimit; or
(ii) the conditions precedent for such Borrowing in Section 6.2 have not been satisfied.
