Up to U.S. $100,000,000 LOAN AND SERVICING AGREEMENT Dated as of December 17, 2010 among SOLAR CAPITAL FUNDING II LLC, as the Borrower SOLAR CAPITAL LTD., as the Servicer and the Transferor WELLS FARGO SECURITIES, LLC, as the Administrative Agent EACH...Loan and Servicing Agreement • December 22nd, 2010 • Solar Capital Ltd.
The Lenders have agreed, on the terms and conditions set forth herein, to provide a secured revolving credit facility which shall provide for Advances under the Variable Funding Note(s) from time to time in an aggregate principal amount not to exceed the Borrowing Base. The proceeds of the Advances will be used to finance the Borrower’s purchase or contribution, as applicable, on a “true sale” basis, of Eligible Loan Assets from the Transferor, approved by the Administrative Agent, pursuant to the Purchase and Sale Agreement between the Borrower and the Transferor. Accordingly, the parties agree as follows:
PURCHASE AND SALE AGREEMENT by and between SOLAR CAPITAL FUNDING II LLC, as the Purchaser and SOLAR CAPITAL LTD. as the Seller Dated as of December 17, 2010Purchase and Sale Agreement • December 22nd, 2010 • Solar Capital Ltd.
THIS PURCHASE AND SALE AGREEMENT, dated as of December 17, 2010, by and between SOLAR CAPITAL LTD., a Maryland corporation, as the seller (the “Seller”) and SOLAR CAPITAL FUNDING II LLC, a Delaware limited liability company, as the purchaser (the “Purchaser”).
