Approval of Qualified Borrower. In order for an entity to be approved as a Qualified Borrower (i) the Borrowers must obtain the written consent of each Lender in their sole discretion; (ii) such entity shall be one in which a Borrower owns a direct or indirect ownership interest, or through which a Borrower may acquire an investment, the indebtedness of which entity can be guaranteed by such Borrower under its Constituent Documents (a “Qualified Borrower”); and (iii) the provisions of this Section 6.3 shall be satisfied;
Appears in 4 contracts
Samples: Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp)
Approval of Qualified Borrower. In order for an entity to be approved as a Qualified Borrower (i) the Borrowers must obtain the written consent of each Lender in their sole discretion; (ii) such entity shall be one in which a Borrower owns a direct or indirect ownership interest, or through which a Borrower may will acquire an investmentInvestment, the indebtedness of which entity can be guaranteed by such the applicable Borrower under its Constituent Documents (a “Qualified Borrower”); and (iiiii) the provisions of this Section 6.3 shall be satisfied; and (iii) the Administrative Agent shall have consented to the addition of such Qualified Borrower in its reasonable discretion;
Appears in 2 contracts
Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (MSD Investment Corp.)
Approval of Qualified Borrower. In order for an entity to be approved as a Qualified Borrower (i) the Borrowers applicable Fund must obtain the written consent of each Lender in their sole discretionLender, not to be unreasonably withheld; (ii) such entity shall be one in which a Borrower such Fund owns a direct or indirect ownership interest, or through which a Borrower such Fund may acquire an investmentInvestment, the indebtedness of which entity can be guaranteed by such Borrower Fund under its Constituent Documents (a “Qualified Borrower”); and (iii) the provisions of this Section 6.3 shall be satisfied;
Appears in 1 contract
Samples: Revolving Credit Agreement (AGL Private Credit Income Fund)
Approval of Qualified Borrower. In order for an entity to be approved as a Qualified Borrower (i) the Borrowers must obtain the written consent of each Lender in their sole discretion; (ii) such entity shall be one in which a Borrower owns a direct or indirect ownership interest, or through which a Borrower may will acquire an investmentInvestment, the indebtedness of which entity can be guaranteed by such the applicable Borrower under its Constituent Documents and Applicable Law (a “Qualified Borrower”); and (iiiii) the provisions of this Section 6.3 shall be satisfied; and (iii) the Administrative Agent shall have consented to the addition of such Qualified Borrower in its reasonable discretion;
Appears in 1 contract
Samples: Revolving Credit Agreement (Lord Abbett Private Credit Fund)
Approval of Qualified Borrower. In order for an entity to be approved as a Qualified Borrower (i) the Borrowers must obtain the written consent of each Lender in their sole discretion; (ii) such entity shall be one in which a Borrower owns a direct or indirect ownership interest, or through which a the Initial Borrower may will acquire an investmentInvestment, the indebtedness of which entity can be guaranteed by such the Initial Borrower under its Constituent Documents (a “Qualified Borrower”); and (iiiii) the provisions of this Section 6.3 shall be satisfied;
Appears in 1 contract