Common use of Closed-end Company Status Clause in Contracts

Closed-end Company Status. The Borrower shall use commercially reasonable efforts to at all times maintain its classification as a Closed-end Company for purposes of the Investment Company Act and shall promptly notify the Administrative Agent (who shall provide a copy of such notice to each Lender) and, so long as the Senior Facility Insurance Policy is in effect, the Insurer, when it at any time fails to maintain its classification as a Closed-end Company.

Appears in 2 contracts

Samples: Credit Agreement (Special Value Expansion Fund, LLC), Credit Agreement (Special Value Opportunities Fund LLC)

AutoNDA by SimpleDocs

Closed-end Company Status. The Borrower shall use commercially reasonable efforts to at all times maintain its classification as a Closed-end Company for purposes of the Investment Company Act and shall promptly notify the Administrative Agent (who shall provide a copy of such notice to each Lender) and, so long as the Senior Facility Insurance Policy is in effect, the Insurer, when it at any time fails to maintain its classification as a Closed-end Company.

Appears in 2 contracts

Samples: Credit Agreement (Special Value Continuation Partners, LP), Credit Agreement (Special Value Continuation Partners, LP)

AutoNDA by SimpleDocs

Closed-end Company Status. The Borrower shall use commercially reasonable efforts to at all times subsequent to its registration as an investment company and prior to its termination in accordance with the provisions of Section 6.2.7 maintain its classification as a Closed-end Company for purposes of the Investment Company Act and shall promptly notify the Administrative Agent (who shall provide a copy of such notice to and each Lender) and, so long as the Senior Facility Insurance Policy is in effect, the Insurer, Lender when it at any time fails to maintain its classification as a Closed-end Company.

Appears in 1 contract

Samples: Credit Agreement (Tennenbaum Opportunities Partners V, LP)

Time is Money Join Law Insider Premium to draft better contracts faster.