Dilutions, Etc. The Seller agrees that if, on any day following the Revolving Period, the Principal Balance of a Transferred Collateral Obligation that has been sold by the Seller hereunder is either reduced or adjusted as a result of any setoff by the Obligor against the Seller, the Seller shall be deemed to have received on such day a Collection of such Transferred Collateral Obligation in the amount of such setoff and shall, within two (2) Business Days, pay to the Collection Account in immediately available funds an amount equal to such setoff.
Appears in 6 contracts
Samples: Sale and Contribution Agreement (Golub Capital Direct Lending Corp), Sale and Contribution Agreement (Golub Capital BDC 4, Inc.), Sale and Contribution Agreement (Golub Capital BDC 3, Inc.)
Dilutions, Etc. The Seller agrees that if, on any day following the Revolving Period, the Principal Balance of a Transferred Collateral Obligation that has been sold by the Seller hereunder is either reduced or adjusted as a result of any valid setoff by the Obligor against the Seller, the Seller shall be deemed to have received on such day a Collection of such Transferred Collateral Obligation in the amount of such setoff and shall, within two three (23) Business Days, pay to the Collection Account in immediately available funds an amount equal to such setoff.
Appears in 3 contracts
Samples: Sale and Contribution Agreement (Owl Rock Capital Corp III), Financing and Servicing Agreement (Blackstone Private Credit Fund), Sale and Contribution Agreement (FS Investment Corp II)
Dilutions, Etc. The Seller agrees that if, on any day following the Revolving Period, if the Principal Balance of a Transferred Collateral Obligation that has been sold by the Seller hereunder is either reduced or adjusted as a result of any valid setoff by the Obligor against the Seller, the Seller shall be deemed to have received on such day a Collection an interest and principal collection of such Transferred Collateral Obligation in the amount of such setoff and shall, within two three (23) Business Days, pay to the Collection Custodial Account in immediately available funds an amount equal to such setoff.
Appears in 2 contracts
Samples: Sale and Contribution Agreement (FS Global Credit Opportunities Fund-A), Sale and Contribution Agreement (FS Investment Corp II)
Dilutions, Etc. The Seller agrees that if, on any day following the Revolving Availability Period, the Principal Balance of a Transferred Collateral Obligation Asset that has been sold by the Seller hereunder is either reduced or adjusted as a result of any setoff by the Obligor against the Seller, the Seller shall be deemed to have received on such day a Collection of such Transferred Collateral Obligation Asset in the amount of such setoff and shall, within two three (23) Business Days, pay to the Collection Account in immediately available funds an amount equal to such setoff.
Appears in 2 contracts
Samples: Sale and Contribution Agreement (Blue Owl Capital Corp III), Sale and Contribution Agreement (Owl Rock Core Income Corp.)
Dilutions, Etc. The Seller agrees that if, on any day following the Revolving Period, the Principal Balance of a Transferred Collateral Obligation that has been sold by the Seller hereunder is either reduced or adjusted as a result of any setoff by the Obligor against the Seller, the Seller shall be deemed to have received on such day a Collection of such Transferred Collateral Obligation in the amount of such setoff and shall, within two one (21) Business DaysDay after a Responsible Officer of the Seller has actual knowledge thereof, pay to the Collection Account in immediately available funds an amount equal to such setoff.
Appears in 1 contract
Samples: Sale and Contribution Agreement (AB Private Credit Investors Corp)
Dilutions, Etc. The Seller agrees that if, on any day following the Revolving Period, the Principal Balance of a Transferred Collateral Obligation that has been sold by the Seller hereunder is either reduced or adjusted as a result of any valid setoff by the Obligor against the Seller, the Seller shall be deemed to have received on such day a Collection of such Transferred Collateral Obligation in the amount of such setoff and shall, within two (2) Business Days, pay to the Collection Account in immediately available funds an amount equal to such setoff.
Appears in 1 contract
Dilutions, Etc. The Seller agrees that if, on any day following the Revolving Period, the Principal Balance of a Transferred Collateral Obligation that has been sold by the Seller hereunder is either reduced or adjusted as a result of any setoff valid set-off by the Obligor against the Seller, the Seller shall be deemed to have received on such day a Collection of such Transferred Collateral Obligation in the amount of such setoff set-off and shall, within two three (23) Business Days, pay to the Collection Account in immediately available funds an amount equal to such setoffset-off.
Appears in 1 contract
Samples: Sale and Contribution Agreement (FS Investment Corp III)
Dilutions, Etc. The Seller agrees that if, on any day following the Revolving Period, the Principal Balance of a Transferred Collateral Obligation that has been sold by the Seller hereunder is either reduced or adjusted as a result of any setoff by the Obligor against the Seller, the Seller shall be deemed to have received on such day a Collection of such Transferred Collateral Obligation in the amount of such setoff and shall, within two (2) Business Days, pay to the Collection Account in immediately available funds an amount equal to such setoff.. ARTICLE VII CONDITIONS PRECEDENT SECTION 7.1
Appears in 1 contract
Samples: Sale and Contribution Agreement (Golub Capital BDC 3, Inc.)
