Common use of Requests for Compensation Clause in Contracts

Requests for Compensation. If requested by the Borrower Parties in connection with any demand for payment pursuant to this Section 4, a Lender shall provide to the Borrower Parties, with a copy to the Administrative Agent, a certificate setting forth in reasonable detail the basis for such demand, the amount required to be paid by the Borrower Parties to such Lender and the computations made by such Lender to determine such amount, such certificate to be conclusive and binding in the absence of manifest error. Any such amount payable by the Borrower Parties shall not be duplicative of any amounts (a) previously paid under this Section 4, or (b) included in the calculation of the SOFR Rate.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Oaktree Gardens OLP, LLC), Revolving Credit Agreement (Oaktree Gardens OLP, LLC), Revolving Credit Agreement (Oaktree Gardens OLP, LLC)

Requests for Compensation. If requested by the Borrower Parties Borrowers in connection with any demand for payment pursuant to this Section 44 (other than Section 4.1), a Lender shall provide to the Borrower PartiesBorrowers, with a copy to the Administrative Agent, a certificate setting forth in reasonable detail the basis for such demand, the amount required to be paid by the Borrower Parties Borrowers to such Lender and the computations made by such Lender to determine such amount, such certificate to be conclusive and binding in the absence of manifest error. Any such amount payable by the Borrower Parties Borrowers shall not be duplicative of any amounts (a) previously paid under this Section 4, or (b) included in the calculation of the Daily Simple SOFR Rateor Term SOFR.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Fortress Private Lending Fund), Revolving Credit Agreement (Fortress Private Lending Fund)