Common use of Unfunded Commitment Provisions Clause in Contracts

Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and (ii) the end of the Revolving Period, the Borrower shall request an Advance in the amount of the Aggregate Unfunded Amount minus the amount already on deposit in the Unfunded Exposure Account. Following receipt of such Advance Request, the Lenders shall fund such requested amount by transferring such amount directly to the Administrative Agent, which shall pay such amounts to the Collateral Agent to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2).

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (Silver Point Specialty Lending Fund)

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Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and 14.2 or (ii) the end of the Revolving Period, the Borrower shall request an Advance in the amount of the Aggregate Unfunded Amount minus the amount already then on deposit in the Unfunded Exposure Account. Following receipt of such Advance Request, the Lenders shall fund such requested amount by transferring depositing such amount directly to the Administrative Agent, which shall pay such amounts to the Collateral Agent to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2).. USActive 31637433.4 -63-

Appears in 1 contract

Samples: Omnibus Amendment to Transaction Documents (Blackstone Private Credit Fund)

Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and or (ii) the end of the Revolving Period, the Borrower shall request an Advance in the amount amount, if any, of the Aggregate Unfunded Amount minus the amount already then on deposit in the Unfunded Exposure Account. Following receipt of such Advance Request, the Lenders shall fund such requested amount amount, if any, by transferring depositing such amount directly to the Administrative Agent, which shall pay such amounts to the Collateral Agent Custodian to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2).. USActive 31506654.2531506654.28

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (FS KKR Capital Corp)

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Unfunded Commitment Provisions. Notwithstanding anything to the contrary herein, upon the occurrence of the earlier of (i) any acceleration of the maturity of Advances pursuant to Section 13.2 and (ii) the end of the Revolving Period, the Borrower shall request an Advance in the amount of the Aggregate Unfunded Amount minus the amount already on deposit in the Unfunded Exposure Account. Following receipt of such Advance -52- USActive 58353885.2 Request, the Lenders shall fund such requested amount by transferring such amount directly to the Administrative Agent, which shall pay such amounts to the Collateral Agent to be deposited into the Unfunded Exposure Account, notwithstanding anything to the contrary herein (including, without limitation, the Borrower’s failure to satisfy any of the conditions precedent set forth in Section 6.2).

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (MSD Investment Corp.)

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