Eligibility of Portfolio Investments. The Administrative Agent shall have the right, on behalf of all Lenders, to reasonably request additional information regarding any proposed Portfolio Investment. The Administrative Agent shall notify the Servicer and the Company (including via email) of its initial determination of approval or failure to approve each Portfolio Investment proposed to be acquired pursuant to a Notice of Acquisition no later than the third (3rd) Agent Business Day succeeding the date on which it receives such Notice of Acquisition and any information requested in connection therewith and shall notify the Servicer and the Company of its final approval or failure to approve each such Portfolio Investment no later than the second (2nd) Agent Business Day succeeding the date of its initial determination (and, if approved, (i) an initial Market Value for such Portfolio Investment and (ii) whether it elects to designate such Portfolio Investment as a Specified Investment); provided that (i) any Initial Portfolio Investment shall be deemed to be approved by the Administrative Agent and (ii) the failure of the Administrative Agent to notify the Servicer and the Company of its final approval in accordance with this Section 1.02(c) shall be deemed to be a disapproval of such proposed acquisition.
Appears in 4 contracts
Samples: Loan and Security Agreement (TCG BDC II, Inc.), Loan and Security Agreement (Carlyle Credit Solutions, Inc.), Loan and Security Agreement (TCG BDC II, Inc.)
