Common use of Temporary Advances Clause in Contracts

Temporary Advances. A Member or its Affiliates, with Board Approval, may make loans (“Temporary Advances”) to temporarily fund obligations for Valid Company Purposes until Capital Contributions are made by the Members as set forth in Section 4.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be returned from any Capital Contributions by the Members under Section 4.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid in accordance with Section 6.1.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Carlyle Secured Lending, Inc.), Limited Liability Company Agreement (TCG Bdc, Inc.), Limited Liability Company Agreement

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Temporary Advances. A Member or Member, in its Affiliates, with Board Approvaldiscretion, may make loans (“Temporary Advances”) to temporarily fund obligations for Valid draws by Portfolio Companies under Revolving Credit Investments or to temporarily fund other Investments or Expenses of the Company Purposes until Capital Contributions are made by the Members as set forth in Section 4.13.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be returned from any Capital Contributions by the Members under Section 4.13.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in accordance with Section 6.15.1.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Golub Capital BDC 3, Inc.), Limited Liability Company Agreement (Golub Capital Investment Corp), Limited Liability Company Agreement (Golub Capital BDC, Inc.)

Temporary Advances. A Member or Member, in its Affiliates, with Board Approvaldiscretion, may make loans (“Temporary Advances”) to temporarily fund obligations for Valid the Company Purposes until Capital Contributions are made by the Members as set forth in Section 4.13.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be returned repaid from any the other Member’s Capital Contributions by the Members under Section 4.13.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in accordance with Section 6.15.1.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fifth Street Finance Corp.)

Temporary Advances. A Member or its Affiliates, with Prior Board Approval, may make loans (“Temporary Advances”) to temporarily fund obligations for Valid Company Purposes until Capital Contributions are made by the Members as set forth in Section 4.13.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be returned from any Capital Contributions by the Members under Section 4.13.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in accordance with Section 6.15.1.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Goldman Sachs BDC, Inc.)

Temporary Advances. A Member or its AffiliatesMember, with Prior Board Approval, may make loans of cash or other property (“Temporary Advances”) to temporarily fund obligations for Valid the Company Purposes until Capital Contributions are made by the Members as set forth in Section 4.13.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be returned repaid from any the other Member’s Capital Contributions by the Members under Section 4.13.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in accordance with Section 6.15.1.

Appears in 1 contract

Samples: Limited Liability Company Agreement (HMS Income Fund, Inc.)

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Temporary Advances. A Member Subject to Prior Board Approval, one or its more Members or their Affiliates, with Board Approvalin its discretion, may make loans (each, a “Temporary AdvancesAdvance”) to temporarily fund obligations for Valid Company Purposes until Capital Contributions are made by the Members as set forth in Section 4.13.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be returned from any Capital Contributions by the non-advancing Members under Section 4.13.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in accordance with Section 6.15.1.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CION Investment Corp)

Temporary Advances. A Member or Member, in its Affiliates, with Board Approvaldiscretion, may make loans of cash or other property (“Temporary Advances”) to temporarily fund obligations for Valid the Company Purposes until Capital Contributions are made by the Members as set forth in Section 4.13.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be returned repaid in cash from any the other Member’s Capital Contributions by the Members under Section 4.13.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in accordance with Section 6.15.1.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PennantPark Floating Rate Capital Ltd.)

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