The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III: (a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time; (b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in an amount equal to such Term Lender’s Term Commitment; provided that, as of the Closing Date and the Initial Borrowing Date, there are no Term Loans or Term Commitments outstanding; and (c) within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 3 contracts
Sources: Credit Agreement (Blue Owl Technology Income Corp.), Credit Agreement (Blue Owl Technology Income Corp.), Credit Agreement (Blue Owl Technology Income Corp.)
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in accordance with this Agreement on the Closing Date and/or the Amendment Date, as applicable, in an amount equal to such Term Lender’s Term Commitment; provided that, as of the Closing Date and the Initial Borrowing Date, there are no Term Loans or Term Commitments outstanding; and
(c) within . Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed. Notwithstanding the foregoing provisions of this Section 2.1 or any other provision herein or in any other Loan Document to the contrary, from and after the date occurring 6 months (or, if Section 5.40(b)(2) is applicable, 9 months) after the Closing Date, if the Rating Effective Date has not occurred, no fundings shall be made under this Agreement except to fund Portfolio Exposure Amounts.
Appears in 2 contracts
Sources: Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Blue Owl Credit Income Corp.)
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in accordance with this Agreement on the Closing Date in an amount equal to such Term Lender’s Term Commitment; provided that, as of the Closing Date and the Initial Borrowing Date, there are no Term Loans or Term Commitments outstanding; and
(c) within . Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 2 contracts
Sources: Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Blue Owl Credit Income Corp.)
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in accordance with this Agreement, in each case in an aggregate principal amount equal at any one time outstanding up to but not exceeding (i) such Term Lender’s Term Commitment; provided thatCommitment and (ii) as to all Term Lenders, as of the Closing Date and the Initial Borrowing Date, there are no Total Term Loans or Term Commitments outstanding; and
(c) within Commitment at such time. Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 1 contract
Sources: Amendment No. 1 to Loan Documents (Blue Owl Credit Income Corp.)
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇Lender’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in accordance with this Agreement on the Closing Date and/or the Amendment Date, as applicable, in an amount equal to such Term Lender’s Term Commitment; provided that, as of the Closing Date and the Initial Borrowing Date, there are no Term Loans or Term Commitments outstanding; and
(c) within . Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed. Notwithstanding the foregoing provisions of this Section 2.1 or any other provision herein or in any other Loan Document to the contrary, from and after the date occurring 6 months (or, if Section 5.40(b)(2) is applicable, 9 months) after the Closing Date, if the Rating Effective Date has not occurred, no fundings shall be made under this Agreement except to fund Portfolio Exposure Amounts.
Appears in 1 contract
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇Lender’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) on the Initial Borrowing Date, in each case in an aggregate principal amount equal at any one time outstanding up to but not exceeding (i) such Term Lender’s Term Commitment; provided thatCommitment and (ii) as to all Term Lenders, as of the Closing Date and the Initial Borrowing Date, there are no Total Term Loans or Term Commitments outstanding; and
(c) within Commitment at such time. Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 1 contract
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a ““ Revolving Loan””) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇Lender’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans a loan to the Borrower (each, a “Term Loan”) on any Business Day during the Term Loan Commitment Period, in an each case in the principal amount equal to of such Term Lender’s Term Commitment; provided that, as of that such Term Loan shall not exceed the Closing Date and the Initial Borrowing Date, there are no Total Term Loans or Term Commitments outstanding; and
(c) within Commitment at such time. Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 1 contract
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇Lender’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in accordance with this Agreement, in each case in an aggregate principal amount equal at any one time outstanding up to but not exceeding (i) such Term Lender’s Term Commitment; provided thatCommitment and (ii) as to all Term Lenders, as of the Closing Date and the Initial Borrowing Date, there are no Total Term Loans or Term Commitments outstanding; and
(c) within Commitment at such time. Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 1 contract
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans a loan to the Borrower (each, a “Term Loan”) on any Business Day during the Term Loan Commitment Period, in an each case in the principal amount equal to of such Term Lender’s Term Commitment; provided that, as of that such Term Loan shall not exceed the Closing Date and the Initial Borrowing Date, there are no Total Term Loans or Term Commitments outstanding; and
(c) within Commitment at such time. Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 1 contract
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇Lender’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in accordance with this Agreement on the Closing Date in an amount equal to such Term Lender’s Term Commitment; provided that, as of the Closing Date and the Initial Borrowing Date, there are no Term Loans or Term Commitments outstanding; and
(c) within . Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 1 contract
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in accordance with this Agreement on the Closing Date in an amount equal to such Term Lender’s Term Commitment; provided that, as of the Closing Date and the Initial Borrowing Fourth Amendment Effective Date, there are no Term Loans or Term Commitments outstanding; and
(c) within . Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 1 contract
The Commitments. On (a) Subject to the terms and conditions set forth in this Credit Agreement, on the Restatement Effective Date, each Term Loan Lender severally agrees to make a term loan to the Borrower (the "Term Loans") in an aggregate amount equal to its Term Loan Proportionate Share of the Total Term Loan Commitments, which Term Loans shall be made and initially maintained as a single Borrowing of Base Rate Loans (subject to the applicable conditions hereinafter set forthoption to convert such Term Loans pursuant to Section 4.3). Once repaid, including, without limitation, Article III:Term Loans incurred hereunder may not be reborrowed. The Borrower hereby agrees to execute and deliver to each Lender a Term Note in the form of Exhibit A-1 to evidence the Term Loans made by each such Lender.
(ab) Subject to the terms and conditions set forth in this Credit Agreement, on and after the Restatement Effective Date and to and excluding the Revolving Credit Expiration Date, each Revolving Credit Lender severally agrees to make loans and advances to the Borrower hereunder (each, a “the "Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in an amount equal to such Term Lender’s Term Commitment; provided that, as of the Closing Date and the Initial Borrowing Date, there are no Term Loans or Term Commitments outstanding; and
(c) within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed."
Appears in 1 contract
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇Lender’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate initial principal amount equal for all such made (and to be made) Term Loans up to but not exceeding (i) such Term Lender’s Term Commitment; provided thatCommitment and (ii) as to all Term Lenders, as of the Closing Date and the Initial Borrowing Date, there are no Total Term Loans or Term Commitments outstandingCommitment at such time; and
(c) within Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed.
Appears in 1 contract
Sources: Credit Agreement (Owl Rock Technology Finance Corp.)
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇▇▇▇▇Lender’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in accordance with this Agreement, in each case in an aggregate principal amount equal at any one time outstanding up to but not exceeding (i) such Term Lender’s Term Commitment; provided thatCommitment and (ii) as to all Term Lenders, as of the Closing Date and the Initial Borrowing Date, there are no Total Term Loans or Term Commitments outstanding; and
(c) within Commitment at such time. Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed. Notwithstanding the foregoing provisions of this Section 2.1 or any other provision herein or in any other Loan Document to the contrary, from and after the date occurring 6 months (or, if Section 5.40(b)(2) is applicable, 9 months) after the Closing Date , if the Rating Effective Date has not occurred, no fundings shall be made under this Agreement except to fund Portfolio Exposure Amounts.
Appears in 1 contract
The Commitments. On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation, Article III:
(a) each Revolving Lender severally agrees to make loans to the Borrower (each, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such ▇▇Le▇▇▇▇’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time;; and
(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) in accordance with this Agreement on the Closing Date and/or the Amendment Date, as applicable, in an amount equal to such Term Lender’s Term Commitment; provided that, as of the Closing Date and the Initial Borrowing Date, there are no Term Loans or Term Commitments outstanding; and
(c) within . Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under Section 2.7. Term Loans, once repaid, may not be reborrowed. Notwithstanding the foregoing provisions of this Section 2.1 or any other provision herein or in any other Loan Document to the contrary, from and after the date occurring 6 months (or, if Section 5.40(b)(2) is applicable, 9 months) after the Closing Date, if the Rating Effective Date has not occurred, no fundings shall be made under this Agreement except to fund Portfolio Exposure Amounts.
Appears in 1 contract