Common use of Limitation on Withdrawals of Funds Clause in Contracts

Limitation on Withdrawals of Funds. Such Borrower shall not make or cause the making of any withdrawal or transfer of funds from any Collateral Account if a Cash Control Event has occurred and is continuing, other than withdrawals for the purpose of repaying Obligations (unless at the time of the withdrawal, outstanding Principal Obligations consist only of Letter of Credit Obligations which are Cash Collateralized) and except as permitted by Section 9.14 hereof.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Owl Rock Capital Corp III), Revolving Credit Agreement (Owl Rock Technology Finance Corp.), Revolving Credit Agreement (Owl Rock Technology Finance Corp.)

AutoNDA by SimpleDocs

Limitation on Withdrawals of Funds. Such Borrower shall not make or cause the making of any withdrawal or transfer of funds from any Collateral Account if a Cash Control Event or a Specified Exclusion Event has occurred and is continuing, other than withdrawals for the purpose of repaying Obligations (unless at the time of the withdrawalor, outstanding Principal Obligations consist only of Letter of Credit Obligations which are Cash Collateralized) and except as permitted by subject to Section 9.14 hereof9.14, for Permitted Distributions.

Appears in 1 contract

Samples: Revolving Credit Agreement (NMF SLF I, Inc.)

Limitation on Withdrawals of Funds. Such No Borrower shall not make or cause the making of any withdrawal or transfer of funds from any Collateral Account if a Cash Control Event has occurred and is continuing, other than withdrawals for the purpose of repaying Obligations (unless at the time of the withdrawal, outstanding Principal Obligations consist only of Letter of Credit Obligations which are Cash Collateralized) and except as permitted by Section 9.14 hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Owl Rock Capital Corp)

AutoNDA by SimpleDocs

Limitation on Withdrawals of Funds. Such Without the prior written consent of the Required Lenders, the Borrower shall not make or cause the making of any withdrawal or transfer of funds from any the Collateral Account if a Cash Control Event has occurred and is continuing, other than withdrawals for the purpose of repaying Obligations (unless at the time of the withdrawal, outstanding Principal Obligations consist only of Letter of Credit Obligations which are Cash Collateralized) and except as permitted by Section 9.14 hereofObligations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Clarion Partners Real Estate Income Fund Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!