Common use of Eligibility of Collateral Clause in Contracts

Eligibility of Collateral. As of the Closing Date, each Cut-Off Date and each Advance Date, (i) the Loan List and the information contained in each Funding Notice delivered pursuant to Section 2.2, is an accurate and complete listing of all Loans included in the Collateral as of the related Cut-Off Date or Advance Date, as applicable, and the information contained therein with respect to the identity of such Loans and the amounts owing thereunder is true, correct and complete as of the related Cut-Off Date or Advance Date, as applicable, and (ii) with respect to each Loan included in the Collateral, all consents, licenses, approvals or authorizations of or registrations or declarations of any Governmental Authority or any Person required to be obtained, effected or given by the Borrower in connection with the granting of a security interest in such Collateral to the Collateral Agent as agent for the benefit of the Secured Parties have been duly obtained, effected or given and are in full force and effect.

Appears in 7 contracts

Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Strategic Income II, Inc.)

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Eligibility of Collateral. As of the Closing Date, each Cut-Off Date and each Advance Date, (i) the Loan List and the information contained in each Funding Notice delivered pursuant to Section 2.22.2 , is an accurate and complete listing of all Loans included in the Collateral as of the related Cut-Off Date or Advance Date, as applicable, and the information contained therein with respect to the identity of such Loans and the amounts owing thereunder is true, correct and complete as of the related Cut-Off Date or Advance Date, as applicable, and (ii) with respect to each Loan included in the Collateral, all consents, licenses, approvals or authorizations of or registrations or declarations of any Governmental Authority or any Person required to be obtained, effected or given by the Borrower in connection with the granting of a security interest in such Collateral to the Collateral Agent as agent for the benefit of the Secured Parties have been duly obtained, effected or given and are in full force and effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp)

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Eligibility of Collateral. As of the Closing Date, Date and each Cut-Off Date and each Advance Date, (i) the Loan List and the information contained in each Funding Borrowing Notice delivered pursuant to Section 2.22.2 or Section 2.3, as applicable, is an accurate and complete listing of all Loans included in the Collateral as of the related Cut-Off Date or Advance Date, as applicable, and the information contained therein with respect to the identity of such Loans Collateral and the amounts owing thereunder is true, true and correct and complete as of the related Cut-Off Date or Advance Date, as applicable, (ii) each such Loan included in the Borrowing Base is an Eligible Loan and (iiiii) with respect to each Loan included in the such item of Collateral, all consents, licenses, approvals or authorizations of or registrations or declarations of any Governmental Authority or any Person required to be obtained, effected or given by the Borrower in connection with the granting transfer of a an ownership interest or security interest in such Collateral to the Collateral Agent as agent Trustee, for the benefit of the Secured Parties Parties, have been duly obtained, effected or given and are in full force and effect.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ares Capital Corp)

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