Limitations of Use of Loan Proceeds. The Credit Parties in the applicable Fund Group shall not use the proceeds of any Loan for the payment to any applicable Investor of any Distribution; provided that this clause shall not restrict or prohibit any Borrower from making any Distributions in accordance with Section 9.17, so long as such Distributions are not paid using the proceeds of any Loan.
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)
Limitations of Use of Loan Proceeds. The Credit Parties in the applicable Fund Group shall not use the proceeds of any Loan for the payment to any applicable Investor of any Distribution; provided that this clause shall not restrict or prohibit any Borrower from making any Distributions in accordance with Section 9.17, so long as such Distributions are not paid using the proceeds of any Loan.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp)
Limitations of Use of Loan Proceeds. The Credit Parties in the applicable Fund Group Borrowers shall not use the proceeds of any Loan for the payment to any applicable Investor of any Distribution; provided that this clause shall not restrict or prohibit any Borrower from making any Distributions in accordance with Section 9.17, so long as such Distributions are not paid using the proceeds of any Loan.
Appears in 3 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)
Limitations of Use of Loan Proceeds. The Credit Parties in the applicable Fund Group Borrowers shall not use the proceeds of any Loan directly for the payment to any applicable Investor of any Distribution; provided that this clause shall not restrict or prohibit any Borrower from making any Distributions in accordance with Section 9.17, so long as such Distributions are not paid directly using the proceeds of any Loan.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Barings Capital Investment Corp), Credit Agreement (Barings Capital Investment Corp)
