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Common use of Revolving Credit Commitment Clause in Contracts

Revolving Credit Commitment. On the terms set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate principal amount at any one time outstanding of such Xxxxxx’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it would not exceed such Xxxxxx’s Commitment; and (b) the Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitations, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f)). No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 4 contracts

Samples: Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (New PubCo Renewable Power Inc.)

Revolving Credit Commitment. On the terms set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans in Dollars or any Alternative Currency to the Borrowers at any time and from time to time in an aggregate principal amount at any one time outstanding up to the Dollar Equivalent of such XxxxxxLender’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share of the Dollar Equivalent of the Principal Obligations funded by it would not exceed such XxxxxxLender’s Commitment; and (b) the Dollar Equivalent of the Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitations, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f))Share. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp. II), Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp. II), Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp. II)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Availability Period, to make Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Borrowers Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any one time outstanding the amount of such XxxxxxLender’s Commitment at any such timeCommitment; provided provided, however, that, after making any such LoanLoans: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed such XxxxxxLender’s Commitment; Commitment as of such date and (b) the Principal Obligations would not exceed the Available CommitmentLoan Amount. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f)). No Lender shall be obligated to fund any Applicable Percentage of the aggregate Available Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such LoanAmount.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC), Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC), Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding of up to such Xxxxxx’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share the Dollar Equivalent of the Principal Obligations funded by it owing to such Lender would not exceed such Xxxxxx’s Commitment; and (b) the Dollar Equivalent of Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each the Lenders in proportion to their Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f))Percentages. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (T Series Middle Market Loan Fund LLC), Revolving Credit Agreement (T Series Middle Market Loan Fund LLC)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers Borrower or any Qualified Borrower at any time and from time to time in an aggregate principal amount at any one time outstanding of up to such Xxxxxx’s Lender's Commitment at any such time; provided provided, however, that, after making any such LoanLoans: (a) such Lender’s Lender 's Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed such Xxxxxx’s Lender's Commitment; and (b) the Principal Obligations Obligation would not exceed the Available Commitment. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers Borrower or any Qualified Borrower may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section SECTION 2.2 shall be funded made ratably by each Lender Lenders in accordance with its Lender proportion to such Lender's Pro Rata Share (but subject to Section 2.3(f))of the Available Commitment. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section SECTION 2.6(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Amb Property Corp), Revolving Credit Agreement (Amb Property Lp)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Alternate Lender severally agrees, on any Business Day during the Commitment Availability Period, to make Loans to the Borrowers Borrower or any Qualified Borrower at any time and from time to time in an aggregate principal amount at any one time outstanding of up to such XxxxxxLender’s Commitment at any such time; provided provided, however, that, after making any such LoanLoans: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed such XxxxxxLender’s CommitmentCommitment as of such date; and (b) the Principal Obligations Obligation of such Lender’s Lender Group would not exceed the Available Commitmentaggregate Commitment of the Alternate Lenders in such Lender Group. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 8 and the other terms and conditions hereof, the Borrowers Borrower or any Qualified Borrower may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender Group in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f))Group Percentage. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) 2.11 hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Acadia Realty Trust), Revolving Credit Agreement (Acadia Realty Trust)

Revolving Credit Commitment. On the terms set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate principal amount at any one time outstanding of such Xxxxxx’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations under the Primary Tranche funded by it would not exceed such Xxxxxx’s Commitment; and (b under the Primary Tranche; (b) such Lender’s Lender Pro Rata Share of the Principal Obligations under the Temporary Increase Tranche funded by it would not exceed such Xxxxxx’s Commitment under the Temporary Increase Tranche; and (c) the Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitations, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share with respect to the applicable Tranche (but subject to Section 2.3(f)) and Section 2.16). No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (New PubCo Renewable Power Inc.)

Revolving Credit Commitment. On the terms set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate principal amount at any one time outstanding of ofequal to such Xxxxxx’s Commitment at any such time; provided that, after making any such Loan: (a) such Xxxxxx’s Lender Pro Rata Share of the Principal Obligations under the Primary Tranche funded by it would not exceed such Xxxxxx’s Commitment under the Primary Tranche; (b) such Lender’s Lender Pro Rata Share of the Principal Obligations under the Temporary Increase Tranche funded by it would not exceed such Xxxxxx’s CommitmentCommitment under the Temporary Increase Tranche; and (c; and (b) the Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitations, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share with respect to the applicable Tranche (but subject to Section 2.3(f)) and Section 2.16 ). No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (New PubCo Renewable Power Inc.)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day Day, during the Commitment Period, to make Loans in US Dollars or in one or more other Alternate Currencies to each of the Borrowers at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding of up to such XxxxxxLender’s Lender Commitment at any such time; provided that, after making any such LoanLoans: (a) the Dollar Equivalent of such Lender’s Principal Obligations would not exceed such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it would not exceed such Xxxxxx’s Commitment; and (b) the Dollar Equivalent of the Principal Obligations would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f))2.5 hereof. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) 2.6 hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Blackstone / GSO Secured Lending Fund), Revolving Credit Agreement (Blackstone / GSO Secured Lending Fund)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Availability Period, to make Loans to the Borrowers Borrower Parties at any time and from time to time in the Dollar Equivalent of an aggregate principal amount not to exceed at any one time outstanding the amount of such XxxxxxLender’s Commitment at any such timeCommitment; provided provided, however, that, after making any such LoanLoans: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it Revolving Credit Exposure would not exceed such XxxxxxLender’s CommitmentCommitment as of such date; and (b) the Dollar Equivalent of the Principal Obligations Obligation would not exceed the Available CommitmentAmount. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 7 and the other terms and conditions hereof, the Borrowers Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded made ratably by the Lenders in proportion to each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f))Lender’s Revolving Credit Exposure. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a2.05(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bain Capital Specialty Finance, Inc.)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day Day, during the Commitment Period, to make Loans to the Borrowers at any time and in Dollars from time to time in an aggregate principal amount at any one time outstanding of up to such Xxxxxx’s Lender Commitment at any such time; provided that, after making any such Loan: (a) Loans, such LenderXxxxxx’s Lender Pro Rata Share of the Principal Obligations funded by it would not exceed such XxxxxxLender’s Commitment; and (b) the Principal Obligations would not exceed the Available Lender Commitment. Subject to the foregoing limitations, the applicable conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded made ratably by each Lender the Lenders in accordance with its Lender proportion to such Xxxxxx’s Pro Rata Share (but subject to Section 2.3(f))of the Available Commitment. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) 2.6 hereof would exceed the Maximum Rate then in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brightwood Capital Corp I)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Availability Period, to make Loans in Dollars or one or more Alterative Currencies to the Borrowers each Borrower at any time and from time to time in an aggregate principal amount not to exceed at any one time outstanding of up to such XxxxxxLender’s Commitment at any such time; provided provided, however, that, after making any such LoanLoans: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed such XxxxxxLender’s CommitmentCommitment as of such date; and (b) there would not exist a Borrowing Base Deficiency and (c) the Principal Obligations aggregate Alternative Currency Liability as of such date would not exceed the Available CommitmentAlternative Currency Sublimit as of such date. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 7 and the other terms and conditions hereof, the Borrowers a Borrower may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.02 shall be funded made ratably by the Lenders in proportion to each Lender in accordance with its Lender Lender’s Pro Rata Share (but subject to Section 2.3(f))of the Available Commitment. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a2.06(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lafayette Square Empire BDC, Inc.)

Revolving Credit Commitment. On the terms set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate principal amount at any one time outstanding of such XxxxxxLxxxxx’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it would not exceed such XxxxxxLxxxxx’s Commitment; and (b) the Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitations, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f)). No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (BlackRock Direct Lending Corp.)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate Dollar USActive 58236919.3 Equivalent principal amount at any one time outstanding of up to such Xxxxxx’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share the Dollar Equivalent of the Principal Obligations funded by it owing to such Lender would not exceed such Xxxxxx’s Commitment; and (b) the Dollar Equivalent of Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each the Lenders in proportion to their Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f))Percentages. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (T Series Middle Market Loan Fund LLC)

Revolving Credit Commitment. On the terms set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate principal amount at any one time outstanding of equal to such Xxxxxx’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it would not exceed such Xxxxxx’s Commitment; and (b) the Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitations, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f)). No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (MN8 Energy, Inc.)

Revolving Credit Commitment. On the terms set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate principal amount at any one time outstanding of such XxxxxxLender’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it would not exceed such XxxxxxLender’s Commitment; and (b) the Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitations, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f))Share. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp.)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Availability Period, to make Loans to Borrowers, on a joint and several basis, and to the Borrowers Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any one time outstanding the amount of such XxxxxxLender’s Commitment at any such timeCommitment; provided provided, however, that, after making any such LoanLoans: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed such XxxxxxLender’s CommitmentCommitment as of such date; and (b) the portion of the Principal Obligations Obligation attributable to the Borrowings by any Borrower would not exceed the Available CommitmentLoan Amount applicable to such Borrower. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded ratably by each Lender in accordance with its Applicable Lender Pro Rata Share (but subject to Section 2.3(f)). No Lender shall be obligated to fund any Percentage of the aggregate Available Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such LoanAmount of all Borrowers.

Appears in 1 contract

Samples: Revolving Credit Agreement (SLR Hc BDC LLC)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Committed Lender severally agrees, on any Business Day during the Commitment Availability Period, to make Loans to the Borrowers Borrower at any time and from time to time in an aggregate principal amount at any one time outstanding of such Xxxxxxup to Committed Lender’s Commitment at any such time; provided thatprovided, however, that after making any such LoanLoans: (a) such Committed Lender’s Lender Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed Committed Lender’s Commitment as of such Xxxxxx’s Commitmentdate (minus any amounts funded in respect of a Loan hereunder (but not used to fund such Loan and accordingly not included in the Principal Obligation) by Committed Lender as a Liquidity Provider under a Liquidity Agreement); and (b) the Principal Obligations Obligation of Committed Lender’s Lender Group would not exceed the aggregate the Lender Group Limit of its Lender Group; and (c) the Principal Obligation would not exceed the Available Commitment. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 5 and the other terms and conditions hereof, the Borrowers Borrower may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f)). No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) hereunder would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (TCW Direct Lending LLC)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Availability Period, to make Loans in Dollars or in one or more Alternative Currencies to Borrowers, on a joint and several basis, and to the Borrowers Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any one time outstanding the amount of such XxxxxxLexxxx’s Commitment at any such timeCommitment; provided provided, however, that, after making any such LoanLoans: (a) the Dollar Equivalent of such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed such XxxxxxLender’s CommitmentCommitment as of such date; and (b) [Reserved]; (c) the Dollar Equivalent of the Principal Obligations Obligation would not exceed the Available CommitmentLoan Amount; (d) [Reserved]; and (e) the Dollar Equivalent of the aggregate Principal Obligation of all Loans denominated in Alternative Currencies would not exceed the Alternative Currency Sublimit. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers Fund Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f)). No Lender shall be obligated to fund any Applicable Percentage of the aggregate Available Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such LoanAmount of all Borrowers.

Appears in 1 contract

Samples: Revolving Credit Agreement (West Bay BDC LLC)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers Borrower at any time and from time to time in an aggregate principal amount at any one time outstanding of up to such XxxxxxLender’s Commitment at any such time; provided provided, however, that, after making any such LoanLoans: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed such XxxxxxLender’s Commitment; and (b) the Principal Obligations Obligation would not exceed the Available Commitment. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers Borrower may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded made ratably by each Lender Lenders in accordance with its Lender proportion to such Lender’s Pro Rata Share (but subject to Section 2.3(f))of the Available Commitment. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Municipal Mortgage & Equity LLC)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Period, each Lender severally agrees to make Loans to the Borrowers at any time and from time to time in an aggregate principal amount at any one time outstanding of up to such XxxxxxLender’s Commitment at any such time; provided provided, however, that, after making any such LoanLoans: (ai) such Lender’s Lender Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed such XxxxxxLender’s CommitmentCommitment as of such date; and (bii) the Principal Obligations Obligation would not exceed the Available Commitment. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow reborrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 2.02 shall be funded made ratably by the applicable Lenders in proportion to each Lender in accordance with its Lender Lender’s Pro Rata Share (but subject to Section 2.3(f))of the Available Commitment. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a2.06(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Apollo Asset Management, Inc.)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding of up to such XxxxxxLender’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share the Dollar Equivalent of the Principal Obligations funded by it owing to such Lender would not exceed such XxxxxxLender’s Commitment; and (b) the Dollar Equivalent of Principal Obligations would not exceed the Available Commitment. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each the Lenders in proportion to their Lender in accordance with its Lender Pro Rata Share (but subject to Section 2.3(f))Percentages. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (T Series Middle Market Loan Fund LLC)

Revolving Credit Commitment. On Subject to the terms and conditions herein set forth herein and subject to the applicable conditions set forth in Section 2.1(b) and Section 6forth, each Lender severally agrees, on any Business Day during the Commitment Availability Period, to make Loans to the Borrowers Borrowers, on a joint and several basis, and to the Qualified Borrowers, on a several basis, at any time and from time to time in an aggregate principal amount not to exceed at any one time outstanding the amount of such Xxxxxx’s Commitment at any such timeCommitment; provided thatprovided, however, that after making any such LoanLoans: (a) such LenderXxxxxx’s Lender Pro Rata Share of the Principal Obligations funded by it Obligation would not exceed such Xxxxxx’s CommitmentCommitment as of such date; and (b) the portion of the Principal Obligations Obligation attributable to the Borrowings by any Borrower would not exceed the Available CommitmentLoan Amount applicable to such Borrower. Subject to the foregoing limitationslimitation, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers Borrower Parties may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded ratably by each Lender in accordance with its Applicable Lender Pro Rata Share (but subject to Section 2.3(f)). No Lender shall be obligated to fund any Percentage of the aggregate Available Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such LoanAmount of all Borrowers.

Appears in 1 contract

Samples: Revolving Credit Agreement (SLR Private Credit BDC II LLC)