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.
Appears in 6 contracts
Samples: Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp), Revolving Credit Agreement (AB Private Credit Investors Corp)
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 GroupCommitment; 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.
Appears in 5 contracts
Samples: Revolving Credit Agreement (AB Commercial Real Estate Private Debt Fund, LLC), Revolving Credit Agreement (AB Commercial Real Estate Private Debt Fund, LLC), Revolving Credit Agreement (AB Private Credit Investors Corp)
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 GroupCommitment; 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 satisfiedsatisfied or waived, as applicable.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp)
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, 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 GroupCommitment; 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.
Appears in 1 contract
