Returned Capital. The Funds shall promptly, following notification to the Investor 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 reflecting the changes to 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 applicable Funds 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 the Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date that is the later of the date on which (i) the Funds have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.17 and (ii) the Returned Capital has been distributed back to the Investor.
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Samples: Revolving Credit Agreement (Oaktree Gardens OLP, LLC), Revolving Credit Agreement (Oaktree Gardens OLP, LLC)
Returned Capital. The Funds Borrower shall promptly, following notification to the Investor of any Returned Capital: 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 Borrower reflecting the changes to the Unfunded Uncalled Capital Commitments Commitment 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 applicable Funds Borrower certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Unfunded Uncalled Capital Commitment and confirming the Unfunded Uncalled Capital Commitment of the applicable Investor after giving effect to the such Returned Capital. The effective date on which the Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date that is the later of the date on which (i) the Funds have Borrower has delivered to the Administrative Agent duly completed copies of the items required by this Section 8.17 8.19 and (ii) the Returned Capital has been distributed back to the InvestorSection 9.21.
Appears in 1 contract
Samples: Revolving Credit Agreement (Clarion Partners Real Estate Income Fund Inc.)
Returned Capital. The Funds Credit Parties shall promptly, promptly following notification to the Investor Investors of any Returned Capital: (ai) notify the Administrative Agent in writing of such Returned Capital; (bii) deliver to the Administrative Agent a revised Borrowing Base Certificate modified by the Credit Parties reflecting the changes to the Capital Commitments and the Unfunded Capital Commitments Commitments, resulting from the distribution of the Returned Capital; and (ciii) deliver to the Administrative Agent copies of all Capital Return Notices and a Capital Return Certification duly executed by the applicable Funds 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 the an Investor’s Unfunded Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date that is the later of the date on which (i) the Funds Borrowers have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.17 and (ii) the Returned Capital has been distributed back to the Investor8.18.
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Returned Capital. The Funds Credit Parties shall promptly, promptly following notification to the Investor 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 Credit Parties reflecting the changes to the Unfunded Capital Commitments and the Uncalled 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 applicable Funds certifying that such Returned Capital of the applicable Investor has been added back into the applicable Investor’s Unfunded Uncalled Capital Commitment and confirming the Unfunded Uncalled Capital Commitment of the applicable Investor after giving effect to the Returned Capital. The effective date on which the an Investor’s Unfunded Uncalled Capital Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date that is the later of the date on which (i) the Funds have delivered to the Administrative Agent duly completed copies of the items required by this Section 8.17 and (ii) the Returned Capital has been distributed back to the Investor8.20.
Appears in 1 contract
Samples: Revolving Credit Agreement (Lord Abbett Private Credit Fund)