Common use of No Investor Excuses Clause in Contracts

No Investor Excuses. Other than as disclosed to the Administrative Agent in writing, the Borrower Parties have no knowledge of any event or circumstance that would entitle any Included Investor to exercise any withdrawal, reduction, excuse or exemption right under the applicable Constituent Document, 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 (provided, that if the Borrower Parties have disclosed a potential withdrawal, reduction, excuse or exemption right to the Administrative Agent in writing, the withdrawn, reduced, excused or exempted portion of the applicable Included Investor’s Unfunded Commitment shall be excluded from the calculation of the Borrowing Base, but the Lenders shall be obligated to advance the requested Borrowing and the Letter of Credit Issuer shall be obligated to cause the issuance of each requested Letter of Credit upon satisfaction of the other conditions therefor);

Appears in 4 contracts

Samples: Credit Agreement (AGTB Private BDC), Revolving Credit Agreement (Carlyle Secured Lending III), Revolving Credit Agreement (Franklin BSP Capital Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.