Common use of Rules Generally Applicable to Sales of Collateral Loans Clause in Contracts

Rules Generally Applicable to Sales of Collateral Loans. (i) All sales of Collateral Loans or any portion thereof (including Participation Interests) pursuant to this Section 10.1 shall be for Cash on a non-recourse basis, which shall be deemed Principal Proceeds for all purposes hereunder.

Appears in 4 contracts

Samples: Credit Agreement (AB Private Credit Investors Corp), Credit Agreement (AB Private Credit Investors Corp), Credit Agreement (Fifth Street Senior Floating Rate Corp.)

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Rules Generally Applicable to Sales of Collateral Loans. (i) All sales of Collateral Loans or any portion thereof (including Participation Interests) pursuant to this Section 10.1 shall be for Cash on a non-recourse basis, which basis and the related Sale Proceeds shall be deemed Principal Proceeds for all purposes hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ares Strategic Income Fund)

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