Limitation on Withdrawals. Without the prior written consent of the Administrative Agent or Required Lenders, no Borrower shall make, or cause the making of, any withdrawal or transfer of funds from the Collateral Account if there are any Obligations outstanding with respect to a Borrower hereunder and if a Cash Control Event has occurred and is continuing, other than a transfer to the Administrative Agent for the purpose of paying Obligations owing hereunder.
Appears in 3 contracts
Samples: Revolving Credit Agreement (TCG BDC II, Inc.), Revolving Credit Agreement (TCG BDC II, Inc.), Revolving Credit Agreement (TCG BDC II, Inc.)
Limitation on Withdrawals. Without the prior written consent of the Administrative Agent or Required Lenders, (in its sole discretion) no Fund Borrower shall make, or make nor cause the making of, of any withdrawal or transfer of funds from the any Collateral Account if there are any Obligations outstanding with respect to a Borrower hereunder and if a Cash Control Event has occurred and is continuingcontinuing and Principal Obligations remain outstanding, other than a transfer to the Administrative Agent withdrawals for the purpose of paying Obligations owing hereunderrepaying Obligations.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Franklin BSP Capital Corp), Revolving Credit Agreement (Franklin BSP Capital Corp)
Limitation on Withdrawals. Without the prior written consent of the Administrative Agent or Required LendersAgent, no Borrower shall make, or cause the making of, any withdrawal or transfer of funds from the any Collateral Account if there are any Obligations outstanding with respect to a Borrower hereunder and if a Cash Control Event has occurred and is continuing, other than (a) a transfer to the Administrative Agent for the purpose of paying Obligations owing hereunder.hereunder or (b) provided that no Event of Default under Section 10.1(a), Section 10.1(h) or Section 10.1(i) is continuing and the Obligations have not been accelerated, such withdrawal shall be applied to a Permitted Distribution..
Appears in 2 contracts
Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (MSD Investment Corp.)
Limitation on Withdrawals. Without the prior written consent of the Administrative Agent or Required Lenders, (in its sole discretion) no Fund Borrower shall make, or make nor cause the making of, of any withdrawal or transfer of funds from the any Collateral Account if there are any Obligations outstanding with respect to a Borrower hereunder and if a Cash Control Event has occurred and is continuing, other than a transfer to the Administrative Agent withdrawals for the purpose of paying Obligations owing hereunderrepaying Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Carlyle Secured Lending III)
