Returned Capital. The Borrowers shall promptly following notification to the Investors of any Returned Capital: (a) notify the Administrative Agent in writing of such Returned Capital; (b) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by the Borrowers reflecting the changes to the Capital Commitments and the Unfunded Capital Commitments, resulting from the distribution of the Returned Capital; and (c) deliver to the Administrative Agent copies of all Capital Return Notices and a Capital Return Certification duly executed by the Borrowers certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Unfunded Capital Commitment and confirming the Unfunded Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date on which the Borrowers have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.19.
Appears in 2 contracts
Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (MSD Investment Corp.)
Returned Capital. The Borrowers Loan Parties shall promptly promptly, following notification to the Investors of any Returned Capital: (a) notify the Administrative Agent in writing of such Returned Capital; (b) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by the Borrowers Loan Parties reflecting the changes to the Capital Commitments and the Unfunded Capital Commitments, Uncalled Commitments resulting from the distribution of the Returned Capital; and (c) deliver to the Administrative Agent copies of all Capital Return Notices and a Capital Return Certification duly executed by the Borrowers applicable Loan Party certifying that such Returned Capital of the each applicable Investor has been added back into the applicable such Investor’s Unfunded Capital Commitment and confirming the Unfunded Capital Commitment of the applicable such Investor after giving effect to the Returned Capital. The effective date on which an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date on which the Borrowers have applicable Loan Party has delivered to the Administrative Agent Lenders duly completed copies of the items required by this Section 8.199.18.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Overland Advantage), Revolving Credit Agreement (Overland Advantage)
Returned Capital. The Borrowers shall Loan Parties will promptly following notification to the Investors of any Returned Capital: (a) notify the Administrative Agent in writing of such Returned Capital; (b) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by the Borrowers Loan Parties reflecting the changes to the Capital Commitments and the Unfunded Capital Commitments, resulting from the distribution of the Returned Capital; and (c) deliver to the Administrative Agent copies of all notices of Return Capital Return Notices sent to an Investor and a Capital Return Certification duly executed by the Borrowers certificate of General Partner certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Unfunded Capital Commitment and confirming the Unfunded Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall will be the date on which the Borrowers have General Partner has delivered to the Administrative Agent duly completed copies of the items required by this Section 8.199.18.
Appears in 1 contract
Samples: Revolving Credit Agreement (J.P. Morgan Real Estate Income Trust, Inc.)