No Trading. Conduct any sale of any Qualifying Assets (other than (i) in connection with a distribution or redemption not otherwise prohibited under this Agreement, (ii) if the proceeds of such sale will be utilized to purchase (x) other Qualifying Assets which are comparable Qualifying Assets being sold or (y) cash equivalents, but only if such investment in cash equivalents will not result in the Borrower being treated as an investment company within the meaning of Section 351 of the Internal Revenue Code or (iii) if the proceeds of such sale will be utilized to repay the Loans) without providing three Business Days prior notice to the Agent.
Appears in 6 contracts
Samples: Loan and Security Agreement (Belrose Capital Fund LLC), Loan and Security Agreement (Belair Capital Fund LLC), Loan and Security Agreement (Belcrest Capital Fund LLC)
No Trading. Conduct any sale of any Qualifying Assets (other than (i) in connection with a distribution or redemption not otherwise prohibited under this Agreement, (ii) if the proceeds of such sale will be utilized to purchase (x) other Qualifying Assets which are comparable Qualifying Assets being sold or (y) cash equivalents, but only if such investment in cash equivalents will not result in the Borrower being treated as an investment company within the meaning of Section 351 of the Internal Revenue Code or (iii) if the proceeds of such sale will be utilized to repay the LoansLoan) without providing three Business Days prior notice to the AgentLender.
Appears in 5 contracts
Samples: Loan and Security Agreement (Belmar Capital Fund LLC), Loan and Security Agreement (Belair Capital Fund LLC), Loan and Security Agreement (Belrose Capital Fund LLC)
