Required Payment Time means, (i) promptly on demand, and in any event within two (2) Business Days, to the extent such funds are available in the Collateral Accounts of the applicable Fund Group; and (ii) otherwise, to the extent that it is necessary for the Credit Parties of the applicable Fund Group to issue a Capital Call to fund such required payment, within fifteen (15) Business Days after the Administrative Agent’s demand (but, in any event, the applicable Borrower or Borrowers shall make such payment promptly after the related Capital Contributions are received).
Required Payment Time means (a) within two (2) Business Days, to the extent such funds are available in the Collateral Accounts; and (b) otherwise, within fifteen (15) days.
Required Payment Time means in immediately available funds, as follows: (i) promptly, and in any event within two (2) Business Days to the extent such funds are available in the Collateral Accounts and not intended to be used for Anticipated Expenses (so long as after giving effect to the reduction of such amounts for Anticipated Expenses, the sum of the Collateral that remains available in the Collateral Accounts and the aggregate Unfunded Capital Commitments is equal to or in excess of 175% of the Obligations outstanding at such time (except as otherwise consented to by the Administrative Agent in its sole discretion)) or (ii) to the extent such funds (other than funds intended to be used for Anticipated Expenses) are not available in the Collateral Accounts, within five (5) Business Days; provided, however, that if at any time prior to or during such five (5) Business Day period under clause (ii) above, the Guarantor makes an Investor Capital Call, then such payment shall be made within ten (10) Business Days of the end of such two (2) Business Day period specified in clause (i) above (the “Prepayment Period”) and the Primary Borrower agrees that it shall apply such funds for repayment immediately after the Investor Capital Contributions relating to such Investor Capital Calls are received.
Examples of Required Payment Time in a sentence
All amounts due under this Section shall be payable at the Required Payment Time.
The applicable Borrowers shall pay such Lender the amount shown relating to such Fund Group as due on any such certificate by the Required Payment Time.
More Definitions of Required Payment Time
Required Payment Time means (a) within three (3) Business Days, to the extent such funds are available in the Collateral Account; and (b) otherwise, within fifteen (15) days.
Required Payment Time means, (a) within two (2) Business Days, to the extent such funds are available in the Collateral Accounts or any other account maintained by the Borrowers; and (b) otherwise, to the extent that it is necessary for the Credit Parties to issue a Drawdown Notice to fund such required payment, within twelve (12) Business Days (but, in any event, the Credit Parties shall issue such Drawdown Notice and make such payment promptly after the related Capital Contributions are received).
Required Payment Time means, (i) promptly on demand, and in any event within two (2) Business Days of demand, to the extent such funds are available in the Collateral Accounts or any other account maintained by the Borrowers; and (ii) otherwise, to the extent that it is necessary for the Borrowers to issue a Drawdown Notice to fund all or a portion of such required payment, within fifteen (15) Business Days after the Administrative Agent’s demand (but, in any event, the Borrowers shall issue such Drawdown Notice and shall make such payment promptly after the related Capital Contributions are received).
Required Payment Time means, (i) promptly on demand, and in any event within two (2) Business Days, to the extent such funds are available in the Collateral Accounts or any other account maintained by the Borrowers; and (ii) otherwise, to the extent that it is necessary for the Credit Parties to issue a Capital Call to fund such required payment, within fifteen (15) Business Days after the Administrative Agent’s demand (but, in any event, the Credit Parties shall make such payment promptly after related Capital Contributions are received).
Required Payment Time means, (i) within two (2) Business Days, to the extent such funds are available in the Collateral Accounts and not otherwise contractually committed to be utilized; and (ii) otherwise, to the extent that it is necessary for the Borrower Parties to issue a Capital Call to fund such required payment, within twelve (12) Business Days after the Administrative Agent’s demand (but, in any event, the Borrower Parties shall issue such Capital Call and shall make such payment promptly after the related Capital Contributions are received).
Required Payment Time means, in immediately available funds, as follows: (i) promptly, and in any event within two (2) Business Days to the extent such funds are available in the Collateral Accounts and not intended to be used for Anticipated Expenses or (ii) to the extent such funds (other than funds intended to be used for Anticipated Expenses) are not available in the Collateral Accounts, within five (5) Business Days; provided, however, that if at any time prior to or during such five (5) Business Day period under clause (ii) above the Borrowers, Pledgors or General Partners make an Investor Capital Call, then such payment shall be made within fifteen (15) Business Days of the end of such two (2) Business Day period specified in clause (i) above (the “Prepayment Period”) and each of the Borrowers and Borrower General Partners, as applicable, agree that it shall apply such funds for repayment immediately after the Investor Capital Contributions relating to such Investor Capital Calls are received.
Required Payment Time means (i) promptly, and in any event within two (2) Business Days, to the extent such funds are available in the Depository Account of Borrower; and (ii) within ten (10) Business Days to the extent that it is necessary for Borrower to issue a Drawdown Notice to fund the required payment.