Common use of Private Sale Clause in Contracts

Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above conducted in a commercially reasonable manner. The Company and the Portfolio Manager hereby waive any claims against each Agent and Lender arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale.

Appears in 28 contracts

Samples: Loan and Security Agreement (Manulife Private Credit Fund), Loan and Security Agreement (Franklin BSP Capital Corp), Loan and Security Agreement (Kayne Anderson BDC, Inc.)

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Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above conducted in a commercially reasonable manner. The Company and the Portfolio Manager hereby waive any claims against each Agent and Lender Financing Provider arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale.

Appears in 12 contracts

Samples: Loan Agreement (WhiteHorse Finance, Inc.), Loan Agreement (WhiteHorse Finance, Inc.), Loan Agreement (WhiteHorse Finance, Inc.)

Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above conducted in a commercially reasonable manner. The In the absence of fraud, gross negligence or willful misconduct, the Company and the Portfolio Manager hereby waive waives any claims against each Agent and Lender Financing Provider arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale.

Appears in 9 contracts

Samples: Loan Agreement, Loan Agreement (FS Investment CORP), Loan Agreement (FS Investment Corp II)

Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above conducted in a commercially reasonable manner. The Company and the Portfolio Manager Servicer hereby waive any claims against each Agent and Lender arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale.

Appears in 8 contracts

Samples: Credit and Security Agreement (T Series Middle Market Loan Fund LLC), Credit and Security Agreement (T Series Middle Market Loan Fund LLC), Loan and Security Agreement (TCG BDC II, Inc.)

Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above conducted in a commercially reasonable mannerabove. The Company and the Portfolio Manager hereby waive waives any claims against each Agent and Lender Financing Provider arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale.

Appears in 4 contracts

Samples: Loan and Security Agreement (Bain Capital Specialty Finance, Inc.), Loan and Security Agreement (Bain Capital Specialty Finance, Inc.), Loan and Security Agreement (Bain Capital Specialty Finance, Inc.)

Private Sale. The Collateral Agent and the Holders shall incur no liability as a result of a the sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above Section 5.05 conducted in a commercially reasonable manner. The Company and the Portfolio Manager hereby waive any claims against each Agent and Lender arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale.

Appears in 2 contracts

Samples: Security Agreement (Motient Corp), Security Agreement (Motient Corp)

Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above Section 4.2 conducted in a commercially reasonable mannermanner (as directed by the Administrative Agent). The Company Borrower, the Subordinated Lenders and the Portfolio Warehouse Collateral Manager hereby waive any claims against each the Collateral Agent and Lender the Administrative Agent arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale.

Appears in 1 contract

Samples: Security Agreement (Apollo Debt Solutions BDC)

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Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above conducted in a commercially reasonable manner. The Company and the Portfolio Manager hereby waive any claims against each Agent and Lender Financing Provider arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale.. ​ ​ ​

Appears in 1 contract

Samples: Loan Agreement (WhiteHorse Finance, Inc.)

Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above Section 4.2 conducted in a commercially reasonable mannerat the direction of the Administrative Agent. The Company Borrower, the Equity Investors and the Portfolio Warehouse Collateral Manager hereby waive any claims against each the Collateral Agent and Lender the Administrative Agent arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale.

Appears in 1 contract

Samples: Security Agreement (GOLUB CAPITAL BDC, Inc.)

Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above conducted in a commercially reasonable manner. The Company and the Portfolio Manager hereby waive waives any claims against each Agent and Lender Financing Provider arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale.

Appears in 1 contract

Samples: Loan Agreement (Silver Lake Group, L.L.C.)

Private Sale. The Collateral Agent shall incur no liability as a result of a sale of the Collateral, or any part thereof, at any private sale pursuant to clause (c) above conducted in a commercially reasonable manner. The Company and the Portfolio Manager hereby waive any claims against each Agent and Lender arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale.

Appears in 1 contract

Samples: Credit and Security Agreement (FS Global Credit Opportunities Fund)

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