Common use of Compelled Disposition Clause in Contracts

Compelled Disposition. We acknowledge and agree that if any representation made hereunder is subsequently shown to be false or misleading or our beneficial ownership otherwise causes a violation of the 25% Limitation (in any such case the Investor becomes a Non-Permitted ERISA Holder), the Issuer has the right under the Indenture to compel us to sell our interest in the Purchased Notes, or may sell such interest in such Purchased Notes on behalf of such Non-Permitted ERISA Holder.

Appears in 2 contracts

Sources: Indenture (Stepstone Private Credit Fund LLC), Indenture (Stepstone Private Credit Fund LLC)