Common use of Limitation on Borrowings and Re-borrowings Clause in Contracts

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.

Appears in 12 contracts

Samples: Revolving Credit and Security Agreement (Golub Capital Direct Lending Corp), Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.), Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.)

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Limitation on Borrowings and Re-borrowings. No Lender shall be required to advance any Loan hereunder if after giving effect thereto (a) the Dollar Equivalent of the Principal Obligations would exceed the Available Commitment, (b) the Dollar Equivalent of the Principal Obligations of such Lender would exceed its Commitment, (c) the aggregate Dollar Equivalent of the Principal Obligations would exceed the Maximum Commitment or (d) the conditions precedent for such Borrowing in Section 6 have not been satisfied.

Appears in 4 contracts

Samples: Revolving Credit and Security Agreement (Golub Capital BDC 3, Inc.), Revolving Credit and Security Agreement (Golub Capital BDC 3, Inc.), Revolving Credit and Security Agreement (Golub Capital BDC 3, Inc.)

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