Common use of Rights of the Purchaser Clause in Contracts

Rights of the Purchaser. (a) After the occurrence or declaration of the Facility Maturity Date, the Seller hereby authorizes the Purchaser, the Servicer, the Collateral Agent and the Administrative Agent and/or their respective designees or assignees to take any and all steps in Seller’s name and on behalf of the Seller that the Purchaser, the Servicer, the Collateral Agent or the Administrative Agent and/or their respective designees or assignees determine are necessary or appropriate to collect all amounts due under any and all Sale Portfolio and to enforce or protect the Purchaser’s, the Collateral Agent’s and the Administrative Agent’s rights under this Agreement, including endorsing the name of the Seller on checks and other instruments representing Interest Collections and Principal Collections and enforcing such Sale Portfolio.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Business Development Corp of America), Purchase and Sale Agreement (Fifth Street Finance Corp), Purchase and Sale Agreement (Golub Capital BDC, Inc.)

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Rights of the Purchaser. (a) After the occurrence or declaration of the Facility Maturity Date, if the Collection Date has not yet occurred, the Seller hereby authorizes the Purchaser, the ServicerCollateral Manager, the Collateral Agent and the Administrative Agent and/or their respective designees or assignees to take any and all steps in Seller’s name and on behalf of the Seller that the Purchaser, the ServicerCollateral Manager, the Collateral Agent or the Administrative Agent and/or their respective designees or assignees determine are necessary or appropriate to collect all amounts due under any and all Sale Portfolio and to enforce or protect the Purchaser’s, the Collateral Agent’s and the Administrative Agent’s rights under this Agreement, including endorsing the name of the Seller on checks and other instruments representing Interest Collections and Principal Collections and enforcing such Sale Portfolio.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (FS Investment Corp III), Purchase and Sale Agreement (FS Energy & Power Fund), Purchase and Sale Agreement (FS Investment Corp II)

Rights of the Purchaser. (a) After the occurrence or declaration of the Facility Final Maturity Date, the Seller hereby authorizes the Purchaser, the ServicerCollateral Manager, the Collateral Agent and Agent, the Administrative Agent Agent, and/or their respective designees or assignees to take any and all steps in Seller’s name and on behalf of the Seller that the Purchaser, the ServicerCollateral Manager, the Collateral Agent or Agent, the Administrative Agent and/or their respective designees or assignees determine are reasonably necessary or appropriate to collect all amounts due under any and all Sale Portfolio Transferred Assets and to enforce or protect the Purchaser’s, the Collateral Agent’s and ’s, the Administrative Agent’s and the Lenders’ rights under this Agreement, including endorsing the name of the Seller on checks and other instruments representing Interest Collections Proceeds and Principal Collections Proceeds and enforcing such Sale PortfolioTransferred Assets.

Appears in 2 contracts

Samples: Loan Sale and Contribution Agreement (Saratoga Investment Corp.), Loan Sale and Contribution Agreement (Saratoga Investment Corp.)

Rights of the Purchaser. (a) After the occurrence or declaration and during the continuance of the Facility Maturity Datean Event of Default, the Seller hereby authorizes the Purchaser, the ServicerInvestment Manager, the Collateral Agent and Agent, the Administrative Agent Agent, and/or their respective designees or assignees to take any and all steps in Seller’s name and on behalf of the Seller that the Purchaser, the ServicerInvestment Manager, the Collateral Agent or Agent, the Administrative Agent and/or their respective designees or assignees determine are reasonably necessary or appropriate to collect all amounts due under any and all Sale Portfolio Transferred Assets and to enforce or protect the Purchaser’s, the Collateral Agent’s and ’s, the Administrative Agent’s and the Lenders’ rights under this Agreement, including endorsing the name of the Seller on checks and other instruments representing Interest Collections Proceeds and Principal Collections Proceeds and enforcing such Sale PortfolioTransferred Assets.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Kennedy Lewis Capital Co), Sale and Contribution Agreement (Apollo Debt Solutions BDC)

Rights of the Purchaser. (a) After the occurrence or declaration of the Facility Maturity Date, the Seller hereby authorizes the Purchaser, the Servicer, the Collateral Agent and the Administrative Agent and/or their respective designees or assignees to take any and all steps in the Seller’s name and on behalf of the Seller that the Purchaser, the Servicer, the Collateral Agent or the Administrative Agent and/or their respective designees or assignees determine are necessary or appropriate to collect all amounts due under any and all Sale Portfolio and to enforce or protect the Purchaser’s, the Collateral Agent’s and the Administrative Agent’s rights under this Agreement, including endorsing the name of the Seller on checks and other instruments representing Interest Collections and Principal Collections and enforcing such Sale Portfolio.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Golub Capital Investment Corp)

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Rights of the Purchaser. (a) After the occurrence or declaration of the Facility Final Maturity Date, the Seller hereby authorizes the Purchaser, the Servicer, the Collateral Agent and Agent, the Administrative Agent Agent, and/or their respective designees or assignees to take any and all steps in Seller’s name and on behalf of the Seller that the Purchaser, the Servicer, the Collateral Agent or Agent, the Administrative Agent and/or their respective designees or assignees determine are reasonably necessary or appropriate to collect all amounts due under any and all Sale Portfolio and to enforce or protect the Purchaser’s, the Collateral Agent’s and ’s, the Administrative Agent’s and the Lenders’ rights under this Agreement, including endorsing the name of the Seller on checks and other instruments representing Interest Collections Proceeds and Principal Collections Proceeds and enforcing such Sale Portfolio.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ares Capital Corp)

Rights of the Purchaser. (a) After the occurrence or declaration of the Facility Final Maturity Date, the Seller hereby authorizes the Purchaser, the Servicer, the Collateral Agent and Agent, the Administrative Agent Agent, and/or their respective designees or assignees to take any and all steps in Seller’s name and on behalf of the Seller that the Purchaser, the Servicer, the Collateral Agent or Agent, the Administrative Agent and/or their respective designees or assignees determine are reasonably necessary or appropriate to collect all amounts due under any and all Sale Portfolio and to enforce or protect the Purchaser’s, the Collateral Agent’s and ’s, the Administrative Agent’s and the Lenders’ rights under this Agreement, including endorsing the name of the Seller on checks and other instruments representing Interest Collections Proceeds and Principal Collections Proceeds and enforcing such Sale Portfolio.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Morgan Stanley Direct Lending Fund)

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