Common use of Collateral Not to be Evidenced by Instruments Clause in Contracts

Collateral Not to be Evidenced by Instruments. The Borrower will not take any action to cause any Loan that is not, as of the Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 16 contracts

Samples: Loan and Security Agreement (Stepstone Private Credit Fund LLC), Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (Palmer Square Capital BDC Inc.)

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Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly immediately delivered to the Collateral AgentCustodian, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 15 contracts

Samples: Loan and Security Agreement (KKR FS Income Trust), Assignment and Assumption Agreement (AG Twin Brook Capital Income Fund), Credit Agreement (Trinity Capital Inc.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any action to cause any Loan that is not, as of the Closing Date or the related Funding Cut-Off Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 9 contracts

Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Specialty Lending Corp)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Purchase Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Administrative Agent, together with an Indorsement in blank, as collateral security for such Loanthe Obligations.

Appears in 8 contracts

Samples: Loan and Security Agreement (NMF SLF I, Inc.), Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing A&R Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Administrative Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 7 contracts

Samples: Loan and Security Agreement (New Mountain Finance Corp), Loan and Security Agreement (New Mountain Finance Corp), Loan and Security Agreement (New Mountain Finance Corp)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly immediately delivered to the Collateral AgentDocument Custodian, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 3 contracts

Samples: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), And Collateral Management Agreement (First Eagle Credit Opportunities Fund)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 3 contracts

Samples: Revolving Credit Agreement (NewStar Financial, Inc.), Revolving Credit Agreement (NewStar Financial, Inc.), Revolving Credit Agreement (NewStar Financial, Inc.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly immediately delivered to the Collateral AgentCustodian, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 3 contracts

Samples: And Collateral Management Agreement (Investcorp Credit Management BDC, Inc.), And Investment Management Agreement (Investcorp Credit Management BDC, Inc.), Investment Management Agreement (Investcorp Credit Management BDC, Inc.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly immediately delivered to the Collateral AgentDocument Custodian, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 3 contracts

Samples: And Investment Management Agreement (Investcorp US Institutional Private Credit Fund), Investment Management Agreement (Investcorp US Institutional Private Credit Fund), And Investment Management Agreement (Investcorp US Institutional Private Credit Fund)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Cut-Off Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any action to cause any Loan that is not, as of the Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral AgentTrustee, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 2 contracts

Samples: Loan and Security Agreement (NewStar Financial, Inc.), Loan and Security Agreement (OFS Capital, LLC)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly (but in no event later than three (3) Business Days) delivered to the Collateral Administrative Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any action to cause any Loan that is not, as of the Original Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nuveen Churchill Direct Lending Corp.), Loan and Security Agreement (Nuveen Churchill BDC INC.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Restatement Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly immediately delivered to the Collateral AgentDocument Custodian, as applicable, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 2 contracts

Samples: Credit Agreement (Runway Growth Finance Corp.), Credit Agreement (Runway Growth Finance Corp.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly immediately delivered to the Collateral AgentCustodian, together with an Indorsement in blank, as collateral security for such Loan.. [Willow Tree BDC] Amended and Restated Loan, Security and Collateral Management Agreement #506694681

Appears in 1 contract

Samples: Security and Collateral Management Agreement (Willow Tree Capital Corp)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Document Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 1 contract

Samples: Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral AgentCustodian, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 1 contract

Samples: Security and Servicing Agreement (Monroe Capital Income Plus Corp)

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Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Cut-Off Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or and as may otherwise be required under the applicable Underlying Instruments, unless such the Instrument is promptly delivered to the Collateral Agent, U.S. Bank together with an Indorsement in blank, as collateral security for such Loan.

Appears in 1 contract

Samples: Credit Agreement (Golub Capital BDC, Inc.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing A&R Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Administrative Agent, together with an Indorsement in blank, as collateral security for such Loan.. (c)

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Finance Corp)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral DocumentAdministrative Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 1 contract

Samples: Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Administrative Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Finance Corp)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Amendment and Restatement Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Administrative Agent, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Finance Corp)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any action to cause any Loan that is not, as of the Original Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Agent, together with an Indorsement in blank, as collateral security for such Loan.. (c)

Appears in 1 contract

Samples: Loan and Security Agreement (Nuveen Churchill Direct Lending Corp.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Purchase Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly delivered to the Collateral Administrative Agent, together with an Indorsement in blank, as collateral security for such Loan.the Obligations. (c)

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Effective Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly immediately delivered to the Collateral AgentCustodian, together with an Indorsement in blank, as collateral security for such Loan. (gg)Reserved.

Appears in 1 contract

Samples: Credit Agreement (Runway Growth Credit Fund Inc.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Date or the related Funding Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly immediately delivered to the Collateral AgentCustodian, together with an Indorsement in blank, as collateral security for such Loan.. [Investcorp] Loan and Security Agreement

Appears in 1 contract

Samples: And Investment Management Agreement (Investcorp Credit Management BDC, Inc.)

Collateral Not to be Evidenced by Instruments. The Borrower will not take any no action to cause any Loan that is not, as of the Closing Effective Date or the related Funding Substitution Date or Acquisition Date, as the case may beapplicable, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Loan or unless such Instrument is promptly immediately delivered to the Collateral AgentCustodian, together with an Indorsement in blank, as collateral security for such Loan.

Appears in 1 contract

Samples: Credit Agreement (Brightwood Capital Corp I)

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