Common use of Temporary Advances Clause in Contracts

Temporary Advances. A Member, in its discretion, may make loans (“Temporary Advances”) to temporarily fund draws by Portfolio Companies under Revolving Credit Investments or to temporarily fund other Investments or Expenses of the Company until Capital Contributions are made by the Members as set forth in Section 3.1. Such Temporary Advances plus interest at the Temporary Advance Rate shall be returned from any Capital Contributions by the Members under Section 3.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in Section 5.1.

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.)

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Temporary Advances. A Member, in its discretion, may make loans (“Temporary Advances”) to temporarily fund draws by Portfolio Companies under Revolving Credit Investments or to temporarily fund other Investments or Expenses of the Company until Capital Contributions are made by the Members as set forth in Section 3.1. 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 3.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in Section 5.1.

Appears in 1 contract

Samples: Securities Purchase Agreement (Fifth Street Finance Corp.)

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Temporary Advances. A Member, in its discretion, may make loans of cash or other property (“Temporary Advances”) to temporarily fund draws by Portfolio Companies under Revolving Credit Investments or to temporarily fund other Investments or Expenses of the Company until Capital Contributions are made by the Members as set forth in Section 3.1. 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 3.1, with any unreturned Temporary Advances plus interest at the Temporary Advance Rate paid as set forth in Section 5.1.

Appears in 1 contract

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

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