Common use of Unconditional Rights of Lenders to Receive Principal and Interest Clause in Contracts

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations as such principal and interest become due and payable in accordance with the terms hereof and, subject to the provisions of Section 9.5, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 14 contracts

Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (Stepstone Private Credit Fund LLC)

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Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations as such principal and interest amounts become due and payable in accordance with the terms hereof and, subject to the provisions of Section 9.5, upon the occurrence and during the continuance of an Event of Default, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 12 contracts

Samples: Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Nuveen Churchill Direct Lending Corp.)

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender the Lenders shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations Loans as such principal and interest become due and payable in accordance with the terms hereof Priority of Payments and Section 3.6 and Section 8.20, and, subject to the provisions of Section 9.58.22, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 5 contracts

Samples: Credit Agreement (AG Twin Brook Capital Income Fund), Credit Agreement (PennantPark Floating Rate Capital Ltd.), Credit Agreement (Barings Private Credit Corp)

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender the Lenders shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations Secured Loans as such principal and interest become due and payable in accordance with the terms hereof Indenture and this Agreement, including the Priority of Payments and Section 2.7(b) and Section 7.18 hereof, and, subject to the provisions of Section 9.57.20, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 4 contracts

Samples: 1l Loan Agreement (Blue Owl Credit Income Corp.), L Loan Agreement (Blue Owl Capital Corp III), 1l Loan Agreement (Owl Rock Core Income Corp.)

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations as such principal and interest become due and payable in accordance with the terms hereof and, subject to the provisions of Section 9.5, upon the occurrence and during the continuation of an Event of Default, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blue Owl Credit Income Corp.), Loan and Security Agreement (Owl Rock Core Income Corp.)

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender the Lenders shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations Loans as such principal and interest become due and payable in accordance with the terms hereof Priority of Payments and Section 3.6 and Section 8.20, and, subject to the provisions of Section 9.58.23, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 2 contracts

Samples: Assignment and Assumption (Blue Owl Capital Corp), Class a Credit Agreement (Owl Rock Capital Corp)

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender the Lenders shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations Loans as such principal and interest become due and payable in accordance with the terms hereof Priority of Distributions and Section 3.6 and Section 8.20, and, subject to the provisions of Section 9.58.23, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 1 contract

Samples: Class a 1l Credit Agreement (Bain Capital Specialty Finance, Inc.)

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender the Lenders shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations Loans as such principal and interest become due and payable in accordance with the terms hereof Priority of Payments and Section 3.6, and, subject to the provisions of Section 9.58.19 and Section 8.21, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 1 contract

Samples: Credit Agreement (GOLUB CAPITAL BDC, Inc.)

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Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender the Lenders shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations Loans as such principal and interest become due and payable in accordance with the terms hereof Priority of Payments and Section 3.6 (Subordination) and Section 8.21 (No Petition), and, subject to the provisions of Section 9.58.24 (Limitation on Suits), to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 1 contract

Samples: Assignment and Assumption (Blue Owl Credit Income Corp.)

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations as such principal and interest become due and payable in accordance with the terms hereof and, subject to the provisions of Section 9.59.5 , to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp)

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender the Lenders shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations Loans as such principal and interest become due and payable in accordance with the terms hereof Priority of Payments and Section 3.6 (Subordination) and Section 9.20 (No Petition), and, subject to the provisions of Section 9.59.22 (Limitation on Suits), to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Lument Finance Trust, Inc.)

Unconditional Rights of Lenders to Receive Principal and Interest. (aSubject to Section 8.18(b) Notwithstanding but notwithstanding any other provision in this Agreement, each Lender the Lenders shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations Loans as such principal and interest become due and payable in accordance with the terms hereof Priority of Payments and Section 3.6 and Section 8.20, and, subject to the provisions of Section 9.58.20 and Section 8.22, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Silver Point Specialty Lending Fund)

Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations as such principal and interest become becomes due and payable in accordance with the terms hereof and, subject to the provisions of Section 9.5, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (NewStar Financial, Inc.)

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