Common use of Pledged Debt Clause in Contracts

Pledged Debt. On each Representation Date, Schedule II hereto (as such schedule may be amended or supplemented from time to time) sets forth under the heading “Pledged Debt” all of the Pledged Debt owned by any Grantor and all of such Pledged Debt with a principal amount in excess of $500,000 individually has been fully authorized, authenticated or issued, and delivered and is the legal, valid and binding obligation of the issuers thereof and is not in default and constitutes all of the issued and outstanding intercompany indebtedness evidenced by an instrument or certificated security of the respective issuers thereof owing to such Grantor.

Appears in 5 contracts

Samples: General Security Agreement (Main Street Capital CORP), General Security Agreement (Triangle Capital CORP), General Security Agreement (Main Street Capital CORP)

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