Common use of No Investor Excuses Clause in Contracts

No Investor Excuses. Other than as disclosed to the Administrative Agent in writing, no Responsible Officer of a Credit Party in such Fund Group has knowledge or reason to believe any Investor in its Fund Group would be entitled to exercise any withdrawal, excuse or exemption right under the applicable Constituent Documents, its Subscription Agreement or any Side Letter with respect to any Investment being acquired in whole or in part with any proceeds of the related Loan (provided, that if such Credit Parties have disclosed a potential excuse or exemption right to the Administrative Agent in writing, the excused, withdrawn or exempted portion of the applicable Investor’s Unfunded Capital Commitment shall be excluded from the calculation of the applicable Borrowing Base, but the Borrowers in such Fund Group shall not be prohibited from such credit extension upon satisfaction of the other conditions therefor);

Appears in 7 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)

AutoNDA by SimpleDocs

No Investor Excuses. Other than as disclosed to the Administrative Agent in writing, the Specified Persons have no Responsible Officer of a Credit Party in such Fund Group has knowledge or reason to believe any that the Investor in its Fund Group would be entitled to exercise any withdrawal, excuse or exemption right under the applicable Constituent DocumentsDocuments of the related Fund, its Subscription Agreement or any Side Letter with respect to any Investment being acquired in whole or in part with any proceeds of the related Loan (provided, or Letter of Credit; provided that if such the Credit Parties have disclosed a potential excuse or exemption right to the Administrative Agent in writing, the excused, withdrawn or exempted portion of the applicable Investor’s Unfunded Capital Commitment shall be excluded from the calculation of the applicable Borrowing Base, but the Borrowers in such Fund Group Borrower Parties shall not be prohibited from such credit extension upon satisfaction of the other conditions therefor);

Appears in 2 contracts

Samples: Revolving Credit Agreement (Oaktree Gardens OLP, LLC), Revolving Credit Agreement (Oaktree Gardens OLP, LLC)

AutoNDA by SimpleDocs

No Investor Excuses. Other than as disclosed to the Administrative Agent in writing, the Credit Parties have no Responsible Officer of a Credit Party in such Fund Group has knowledge or reason to believe that any Investor in its Fund Group would be entitled to exercise any withdrawal, excuse or exemption right under the applicable Constituent Documents, its Subscription Agreement or any Side Letter with respect to any Investment being acquired in whole or in part with any proceeds of the related Loan or Letter of Credit (providedprovided that, that if such the Credit Parties have disclosed a potential withdrawal, excuse or exemption right to the Administrative Agent in writing, the excused, withdrawn or exempted portion of the applicable Investor’s Unfunded Capital Commitment shall be excluded from the calculation of the applicable Borrowing Base, but the Borrowers in such Fund Group shall not be prohibited from obtaining such credit extension upon satisfaction of the other conditions therefor);

Appears in 1 contract

Samples: Revolving Credit Agreement (AGL Private Credit Income Fund)

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