Common use of Accounting of Purchases Clause in Contracts

Accounting of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 16 contracts

Samples: Sale and Contribution Agreement (Owl Rock Capital Corp II), Sale and Contribution Agreement (Owl Rock Capital Corp), Sale and Contribution Agreement (Owl Rock Capital Corp II)

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Accounting of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser, in each case consistent with GAAP; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the Seller and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 10 contracts

Samples: Loan Sale Agreement (Blue Owl Capital Corp), Loan Sale Agreement (Blue Owl Credit Income Corp.), Loan Sale Agreement (Blue Owl Technology Finance Corp.)

Accounting of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the Seller and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 9 contracts

Samples: Loan Sale Agreement (Owl Rock Capital Corp), Loan Sale Agreement (Owl Rock Capital Corp), Loan Sale Agreement (Owl Rock Capital Corp)

Accounting of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the sole owner of the Seller and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 8 contracts

Samples: Loan Sale Agreement (Owl Rock Core Income Corp.), Loan Sale Agreement (Owl Rock Capital Corp), Loan Sale Agreement (Owl Rock Capital Corp)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 8 contracts

Samples: Sale and Contribution Agreement (TCP Capital Corp.), Sale and Contribution Agreement (Business Development Corp of America), Sale and Contribution Agreement (Golub Capital BDC 3, Inc.)

Accounting of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; in each case consistent with GAAP; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the sole owner of the Seller and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 6 contracts

Samples: Loan Sale Agreement (Blue Owl Capital Corp), Loan Sale Agreement (Owl Rock Capital Corp), Loan Sale Agreement (Owl Rock Core Income Corp.)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 4 contracts

Samples: Sale and Contribution Agreement (Sierra Income Corp), Sale and Contribution Agreement (Oaktree Strategic Income Corp), Sale and Contribution Agreement (Oaktree Specialty Lending Corp)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets Collateral by the Seller to the PurchaserBuyer; provided that solely for federal income tax reporting purposes, the Purchaser Buyer is treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets Collateral by the Seller to the Purchaser Buyer hereunder will not be recognized.

Appears in 4 contracts

Samples: Loan Sale and Contribution Agreement (Fifth Street Senior Floating Rate Corp.), Loan Sale and Contribution Agreement (WhiteHorse Finance, Inc.), Loan Sale and Contribution Agreement (WhiteHorse Finance, LLC)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets Collateral by the Seller to the PurchaserBuyer; provided that solely that, for federal income tax reporting purposes, the Purchaser Buyer is treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets Collateral by the Seller to the Purchaser Buyer hereunder will not be recognized.

Appears in 3 contracts

Samples: Master Loan Sale and Contribution Agreement (AB Private Credit Investors Corp), Master Loan Sale and Contribution Agreement (AB Private Credit Investors Corp), Master Loan Sale and Contribution Agreement (AB Private Credit Investors Corp)

Accounting of Purchases. Other than for consolidated accounting purposes, the The Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the PurchaserPurchaser including for tax purposes, where appropriate; provided that solely for U.S. federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets by the Seller to the Purchaser hereunder will not be recognizedrecognized for such purposes.

Appears in 2 contracts

Samples: Loan Sale and Contribution Agreement (Saratoga Investment Corp.), Loan Sale and Contribution Agreement (Saratoga Investment Corp.)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets Collateral by the Seller to the PurchaserBuyer; provided that solely that, for federal income tax reporting purposes, the Purchaser is Buyer may be treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets Collateral by the Seller to the Purchaser Buyer hereunder will not be recognized.

Appears in 2 contracts

Samples: Loan Sale and Contribution Agreement (Monroe Capital Income Plus Corp), Loan Sale and Contribution Agreement (Monroe Capital Income Plus Corp)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Blue Owl Capital Corp III), Sale and Contribution Agreement (Owl Rock Core Income Corp.)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets by the Seller to the Purchaser hereunder will not be recognizedrecognized for such purposes.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Business Development Corp of America), Sale, Contribution and Master Participation Agreement (Flat Rock Capital Corp.)

Accounting of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by (including a Participation thereof)by the Seller to the Purchaser; in each case consistent with GAAP; provided that solely for U.S. federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the sole owner of the Seller and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognizedignored.

Appears in 1 contract

Samples: Loan Sale Agreement (Blue Owl Credit Income Corp.)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the PurchaserBuyer; provided that solely for federal income tax reporting purposes, the Purchaser Buyer is treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets by the Seller to the Purchaser Buyer hereunder will not be recognized.

Appears in 1 contract

Samples: Loan Sale and Contribution Agreement (OFS Capital Corp)

Accounting of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets (including a Participation thereof) by the Seller to the Purchaser, in each case consistent with GAAP; provided that solely for U.S. federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the Seller and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognizedignored.

Appears in 1 contract

Samples: Loan Sale Agreement (Blue Owl Credit Income Corp.)

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Accounting of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser, in each case consistent with GAAP; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the sole owner of the Seller and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 1 contract

Samples: Loan Sale Agreement (Blue Owl Technology Finance Corp. II)

Accounting of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 1 contract

Samples: Loan Sale Agreement (Owl Rock Capital Corp)

Accounting of Purchases. Other than for consolidated accounting purposes, the such Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the such Seller to the Purchaser; in each case consistent with GAAP; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the sole owner of such Seller and, therefore, the Conveyance of Transferred Assets by the such Seller to the Purchaser hereunder will not be recognized.

Appears in 1 contract

Samples: Loan Sale Agreement (Blue Owl Capital Corp II)

Accounting of Purchases. Other than for consolidated tax and accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets Collateral by the Seller to the PurchaserBuyer; provided that solely that, for federal income tax reporting purposes, the Purchaser is Buyer will be treated as a “disregarded entity” and, therefore, and the Conveyance transfer of Transferred Assets Collateral by the Seller to the Purchaser Buyer hereunder will not be recognized.

Appears in 1 contract

Samples: Master Transfer Agreement (Fifth Street Senior Floating Rate Corp.)

Accounting of Purchases. Other than for federal, state and local income tax purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale of the Purchased Collateral by the Seller to the Buyer. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby by this Agreement in any manner other than as a sale or contribution of the Transferred Assets Purchased Collateral by the Seller to the Purchaser; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognizedBuyer.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Capitalsource Inc)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the PurchaserBuyer; provided that solely for federal income tax reporting purposes, the Purchaser is Buyer is, as of the Closing Date, treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets by the Seller to the Purchaser Buyer hereunder will not be recognized.

Appears in 1 contract

Samples: Loan Sale and Contribution Agreement (Stone Point Credit Corp)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller Purchaser will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution purchase of the Transferred Assets by the Seller to Purchaser from the PurchaserSeller; provided that solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets by the Purchaser from the Seller to the Purchaser hereunder will not be recognizedrecognized for such purposes.

Appears in 1 contract

Samples: Sale, Contribution and Master Participation Agreement (Flat Rock Capital Corp.)

Accounting of Purchases. Other than for consolidated tax and accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that that, solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Carey Credit Income Fund 2016 T)

Accounting of Purchases. Other than for Tax and consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely that, for federal income tax reporting Tax purposes, the Purchaser is treated as a “an entity disregarded entity” as separate from the Seller within the meaning of Treasury Regulation Section 3.01.7701-3(b)(ii) and, therefore, the Conveyance transfer of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

Appears in 1 contract

Samples: Sale and Contribution (New Mountain Finance Corp)

Accounting of Purchases. Other than for tax and consolidated accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the PurchaserBuyer; provided that solely for federal income tax reporting purposes, the Purchaser Buyer is treated as a “disregarded entity” and, therefore, the Conveyance transfer of Transferred Assets by the Seller to the Purchaser Buyer hereunder will not be recognized.

Appears in 1 contract

Samples: Sale and Contribution Agreement (FS Energy & Power Fund)

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