Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time without restriction. With respect to each Defaulted Obligation that has not been sold or terminated within three years after becoming a Defaulted Obligation, the Market Value, Principal Balance and outstanding principal balance of such Defaulted Obligation shall be deemed to be zero.
Appears in 6 contracts
Samples: Indenture (Golub Capital BDC, Inc.), Indenture (TICC Capital Corp.), Indenture (Golub Capital BDC, Inc.)
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time without restrictiontime. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted Obligation and has not been sold or terminated within during such three years after becoming a Defaulted Obligationyear period, the Market Value, Value and the Principal Balance and outstanding principal balance of such Defaulted Obligation shall be deemed to be zero.
Appears in 5 contracts
Samples: Indenture Agreement (HPS Corporate Lending Fund), Indenture (NewStar Financial, Inc.), NewStar Financial, Inc.
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time without restrictiontime. With respect to each Defaulted Obligation that has not been sold or terminated within three years after becoming a Defaulted Obligation, the Market Value, Value and the Principal Balance and outstanding principal balance of such Defaulted Obligation shall be deemed to be zero.
Appears in 2 contracts
Samples: Indenture (NewStar Financial, Inc.), Indenture (NewStar Financial, Inc.)
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time without restrictiontime. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted Obligation and has not been sold or terminated within during such three years after becoming a Defaulted Obligationyear period, the Market Value, Value and the Principal Balance and outstanding principal balance of such Defaulted Obligation shall be deemed to be zero.. (d)
Appears in 2 contracts
Samples: Indenture and Security Agreement (Nuveen Churchill Direct Lending Corp.), Indenture and Security Agreement (Nuveen Churchill Direct Lending Corp.)
Defaulted Obligations. The Collateral Manager may direct the Collateral Trustee to sell any Defaulted Obligation at any time without restrictiontime. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted Obligation and has not been sold or terminated within three years after becoming a Defaulted Obligationduring such three-year period, the Market Value, Value and Principal Balance and outstanding principal balance of such Defaulted Obligation shall be deemed to be zero.
Appears in 2 contracts
Samples: Indenture and Security Agreement (Owl Rock Capital Corp), Supplemental Indenture (Owl Rock Capital Corp)
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time during or after the Reinvestment Period without restriction. With respect to each Defaulted Obligation that has not been sold or terminated within remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted ObligationObligation and has not been sold or terminated during such three year period, the Market Value, Value and Principal Balance and outstanding principal balance of such Defaulted Obligation shall be deemed to be zerozero (except as otherwise expressly set forth in this Indenture).
Appears in 1 contract
Samples: Indenture (NewStar Financial, Inc.)
