Discretionary Sales of Collateral Loans. Subject to the satisfaction of the conditions specified in Section 10.03, the Borrower (or the Servicer on behalf of the Borrower) may, but will not be required to, direct the Collateral Agent to sell, and the Collateral Agent shall sell in the manner directed by the Servicer, any Collateral Loan if such sale meets the requirements set forth below (as shown in the Borrowing Base Calculation Statement delivered with respect thereto in accordance with Section 5.02(d)(iii)):
Appears in 18 contracts
Samples: Credit and Security Agreement (Morgan Stanley Direct Lending Fund), Credit and Security Agreement (T Series Middle Market Loan Fund LLC), Credit and Security Agreement (Blackstone Secured Lending Fund)
Discretionary Sales of Collateral Loans. Subject to the satisfaction of the conditions specified in Section 10.0310.04, the Borrower (or the Servicer Collateral Manager on behalf of the Borrower) Borrower may, but will not be required to, direct the Collateral Agent to sell, and the Collateral Agent shall sell in the manner directed by the ServicerCollateral Manager, any Collateral Loan, Credit Risk Collateral Loan, Defaulted Collateral Loan, or Ineligible Collateral Loan if such sale meets the requirements set forth below (as shown in the Borrowing Base Calculation Statement delivered with respect thereto in accordance with Section 5.02(d)(iii)):below:
Appears in 6 contracts
Samples: Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.), Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.), Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.)
Discretionary Sales of Collateral Loans. Subject to the satisfaction of the conditions specified in Section 10.03, the Borrower (or the Servicer Collateral Manager on behalf of the Borrower) may, but will not be required to, direct the Collateral Agent to sell, and the Collateral Agent shall sell in the manner directed by the ServicerCollateral Manager, any Collateral Loan if such sale meets the requirements set forth below (as shown in the Borrowing Base Calculation Statement delivered with respect thereto in accordance with Section 5.02(d)(iii)):
Appears in 2 contracts
Samples: Credit Agreement (HPS Corporate Lending Fund), Credit and Security Agreement (HPS Corporate Lending Fund)
Discretionary Sales of Collateral Loans. Subject to the satisfaction of the conditions specified in Section 10.0310.04, the Borrower (or the Servicer Collateral Manager on behalf of the Borrower) Borrower may, but will not be required to, direct the Collateral Agent to sell, sell (and the Collateral Agent shall sell in the manner directed by the Servicer, Collateral Manager) any Collateral Loan if such sale meets the requirements set forth below (as shown in the Borrowing Base Calculation Statement delivered with respect thereto in accordance with Section 5.02(d)(iii5.03(e)(iii)):) and after giving effect to such sale and all other sales or purchases previously or simultaneously committed to:
Appears in 1 contract
Discretionary Sales of Collateral Loans. Subject to the satisfaction of the conditions specified in Section 10.0310.04, the Borrower (or the Servicer on behalf of the Borrower) 106 may, but will not be required to, direct the Collateral Agent to sell, and the Collateral Agent shall sell in the manner directed by the Servicer, any Collateral Loan if such sale meets the requirements set forth below (as shown in the Borrowing Base Calculation Statement delivered with respect thereto in accordance with Section 5.02(d)(iii5.02(d)(iv)):
Appears in 1 contract
Samples: Credit and Security Agreement (Pennantpark Investment Corp)
Discretionary Sales of Collateral Loans. Subject to the satisfaction of the conditions specified in Section 10.0310.04, the Borrower (or the Servicer on behalf of the Borrower) may, but will not be required to, direct the Collateral Agent to sell, and the Collateral Agent shall sell in the manner directed by the Servicer, any Collateral Loan if such sale meets the requirements set forth below (as shown in the Borrowing Base Calculation Statement delivered with respect thereto in accordance with Section 5.02(d)(iii5.02(d)(iv)):
Appears in 1 contract
Samples: Purchase and Sale Agreement (Pennantpark Investment Corp)
Discretionary Sales of Collateral Loans. Subject to the satisfaction of the conditions specified in Section 10.03, the Borrower (or the Servicer Investment Advisor on behalf of the Borrower) may, but will not be required to, direct the Collateral Agent to sell, and the Collateral Agent shall sell in the manner directed by the ServicerInvestment Advisor, any Collateral Loan if such sale meets the requirements set forth below (as shown in the Borrowing Base Calculation Statement delivered with respect thereto in accordance with Section 5.02(d)(iii)):
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Fidelity Private Credit Fund)
Discretionary Sales of Collateral Loans. Subject to the satisfaction of the conditions specified in Section 10.0310.04, the Borrower (or the Servicer Collateral Manager on 106 behalf of the Borrower) Borrower may, but will not be required to, direct the Collateral Agent to sell, sell (and the Collateral Agent shall sell in the manner directed by the Servicer, Collateral Manager) any Collateral Loan if such sale meets the requirements set forth below (as shown in the Borrowing Base Calculation Statement delivered with respect thereto in accordance with Section 5.02(d)(iii5.03(e)(iii)):) and after giving effect to such sale and all other sales or purchases previously or simultaneously committed to:
Appears in 1 contract
Samples: Credit and Security Agreement (Main Street Capital CORP)
