Common use of Repayment and Prepayments Clause in Contracts

Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date. (b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that (i) all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two (2) Business Days prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment; (ii) in the case of voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment shall be at least equal to U.S.$500,000; and (iii) each prepayment shall be applied on the Business Day received by the Facility Agent if received by 3:00 p.m., New York City time. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.

Appears in 3 contracts

Samples: Loan Financing and Servicing Agreement (Golub Capital BDC 3, Inc.), Loan Financing and Servicing Agreement (Golub Capital BDC 3, Inc.), Loan Financing and Servicing Agreement (GOLUB CAPITAL INVESTMENT Corp)

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Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid repaid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date. (b) i. Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that (i) 1. all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. in the Applicable Time Zone two (2) Business Days prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment; (ii) in the case of 2. all such voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment shall be at least equal to U.S.$500,000in a minimum amount of 1,000,000 AUDs, 1,000,000 CADs, $1,000,000, 2,500,000 Euros or 2,500,000 GBPs, individually and as applicable; and (iii) 3. each prepayment shall be applied on the Business Day received by the Facility Collateral Agent if received by 3:00 p.m., New York City time. Each in the Applicable Time Zone, on such day by the Collateral Agent as Amount Available constituting Principal Collections pursuant to Section 8.3(a) as if (x) the date of such prepayment shall be subject were a Distribution Date and (y) such prepayment occurred during the Collection Period to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or paymentwhich such Distribution Date relates.

Appears in 2 contracts

Samples: Loan Agreement (FS KKR Capital Corp), Loan Financing and Servicing Agreement (FS KKR Capital Corp)

Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding Outstanding, subject to Section 2.10(b), (i) on each Distribution Date to the extent required to be paid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date. (b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, provided that, (i) all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two one (21) Business Days Day prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment; (ii) in the case of voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment shall be at least equal to U.S.$500,000; and (iii) each prepayment shall be applied on the Business Day received by the Facility Agent if received by 3:00 p.m., New York City time. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.

Appears in 2 contracts

Samples: Loan Financing and Servicing Agreement (Golub Capital Direct Lending Corp), Loan Financing and Servicing Agreement (Golub Capital BDC 4, Inc.)

Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid repaid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date. (b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that (i) all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two (2) Business Days prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment; (ii) in the case of all such voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment shall be at least equal to U.S.$500,000in a minimum amount of $1,000,000; and (iii) each prepayment shall be applied on the Business Day received by the Collateral Agent, on behalf of the Facility Agent Agent, if received by 3:00 p.m., New York City time, on such day by the Collateral Agent as Amount Available constituting Principal Collections pursuant to Section 8.3(a) as if (x) the date of such prepayment were a Distribution Date and (y) such prepayment occurred during the Collection Period to which such Distribution Date relates. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (Blackstone Private Credit Fund)

Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date. (b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that (i) all such voluntary prepayments shall require prior written notice to the Facility Administrative Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two (2) Business Days prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment; (ii) in the case of all such voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment shall be at least equal to U.S.$500,000in a minimum amount of $500,000; and (iii) each prepayment shall be applied on the Business Day received by the Facility Administrative Agent if received by 3:00 p.m., New York City time, on such day (or, if received after 3:00 p.m., New York City time, on the immediately following Business Day) as Amount Available constituting Principal Collections pursuant to Section 8.3(a) as if (x) the date of such -40- prepayment were a Distribution Date and (y) such prepayment occurred during the Collection Period to which such Distribution Date relates. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (HMS Income Fund, Inc.)

Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid repaid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date. (ba) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that (i) all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two (2) Business Days prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment; (ii) in the case of all such voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment Advances denominated in Dollars shall be at least equal to U.S.$500,000in a minimum amount of $1,000,000 or the equivalent in an Eligible Currency; and (iii) each prepayment shall be applied on the Business Day received by the Collateral Agent, on behalf of the Facility Agent Agent, if received by 3:00 p.m., New York City time, on such day by the Collateral Agent as Amount Available constituting Principal Collections pursuant to Section 8.3(a) as if (x) the date of such prepayment were a Distribution Date and (y) such prepayment occurred during the Accrual Period to which such Distribution Date relates. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (Blackstone Private Credit Fund)

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Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date. (b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that (i) all such voluntary prepayments shall require prior written notice delivered in accordance with Section 17.3 to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. a.m., New York City time, two (2) Business Days prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment; (ii) in the case of voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment shall be at least equal to U.S.$500,000in a minimum amount of 500,000 AUDs, 500,000 CADs, $500,000, 500,000 Euros or 500,000 GBPs, individually and as applicable; and (iii) if received by 3:00 p.m., New York City time, each prepayment shall be applied on the Business Day received by the Facility Agent on such day as the Amount Available constituting Principal Collections pursuant to Section 8.3(a) as if received by 3:00 p.m., New York City time(x) the date of such prepayment were a Distribution Date and (y) such prepayment occurred during the Accrual Period to which such Distribution Date relates. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (Oaktree Strategic Credit Fund)

Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding outstandingOutstanding, subject to Section 2.10(b), (i) on each Distribution Date to the extent required to be paid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date. (b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that, (i) all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two twoone (221) Business Days DaysDay prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment; (ii) in the case of voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment shall be at least equal to U.S.$500,000; and (iii) each prepayment shall be applied on the Business Day received by the Facility Agent if received by 3:00 p.m., New York City time. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (Golub Capital BDC 3, Inc.)

Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date. (b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that (i) all such voluntary prepayments shall require prior written notice to the Facility Administrative Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two (2) Business Days prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment; (ii) in the case of all such voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment shall be at least equal to U.S.$500,000in a minimum amount of $500,000; and (iii) each prepayment shall be applied on the Business Day received by the Facility Administrative Agent if received by 3:00 p.m., New York City time, on such day as the Amount Available constituting Principal Collections pursuant to Section 8.3(a) as if (x) the date of such prepayment were a Distribution Date and (y) such prepayment occurred during the Collection Period to which such Distribution Date relates. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (Business Development Corp of America)

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