Common use of Substitution of Loans Clause in Contracts

Substitution of Loans. On any Substitution Date prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Agent), the Borrower may, subject to the conditions set forth in this Section 2.18 and subject to the other restrictions contained herein (including, without limitation, the restrictions set forth in Section 2.20), replace any Transferred Loan with one or more Eligible Loans (each, a “Substitute Loan”), provided that no such replacement shall occur unless each of the following conditions is satisfied as of such Substitution Date:

Appears in 2 contracts

Samples: Loan Funding and Servicing Agreement (Kohlberg Capital CORP), Loan Funding and Servicing Agreement (Kohlberg Capital CORP)

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Substitution of Loans. On any Substitution Date day prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Agent), the Borrower may, subject to the conditions set forth in this Section 2.18 2.19 and subject to the other restrictions contained herein (including, without limitation, the restrictions set forth in Section 2.20)herein, replace any Transferred Loan with one or more Eligible Loans (each, a “Substitute Loan”), provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such Substitution Datereplacement and substitution:

Appears in 1 contract

Samples: Funding and Servicing Agreement (American Capital Strategies LTD)

Substitution of Loans. On any Substitution Date day prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Deal Agent), the Borrower may, subject to the conditions set forth in this Section 2.18 2.19 and subject to the other restrictions contained herein (including, without limitation, the restrictions set forth in Section 2.20)herein, replace any Transferred Loan with one or more Eligible Loans (each, a “Substitute Loan”), provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such Substitution Datereplacement and substitution:

Appears in 1 contract

Samples: Funding and Servicing Agreement (American Capital Strategies LTD)

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Substitution of Loans. (a) On any Substitution Date prior to the occurrence of a Termination an Event of Default (and after the Commitment Termination Date at the discretion of the Deal Agent), the Borrower Issuer may, subject to the conditions set forth in this Section 2.18 2.09 and subject to the other restrictions contained herein (including, without limitation, the restrictions set forth in Section 2.202.10), replace any Transferred Loan with one or more Eligible Loans (each, a “Substitute Loan”), provided that no such replacement shall occur unless each of the following conditions is satisfied as of such Substitution Date:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Golub Capital BDC LLC)

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