Common use of Collateral Requirement Clause in Contracts

Collateral Requirement. The Borrower shall take such actions as are necessary or as the Agent shall reasonably request from time to time to comply with the Collateral Requirement (subject to any exception or exclusion expressly set forth herein or in any Security Document), and shall promptly notify the Agent upon having knowledge that the Lien of the Agent pursuant to the Security Documents has been materially impaired.

Appears in 3 contracts

Samples: Credit Agreement (Terra Property Trust, Inc.), Credit Agreement (Terra Income Fund 6, LLC), Credit Agreement (Terra Income Fund 6, Inc.)

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Collateral Requirement. The Borrower shall, and shall cause each Permitted Subsidiary to, take such actions as are necessary or as the Agent shall reasonably request from time to time to comply with the Collateral Requirement (subject to any exception or exclusion expressly set forth herein or in any Security Document), and shall promptly notify the Agent upon having knowledge that the Lien of the Agent pursuant to the Security Documents has been materially impaired.

Appears in 1 contract

Samples: Credit Agreement (Flat Rock Opportunity Fund)

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Collateral Requirement. The Borrower shall take such actions as are necessary or as the Agent shall reasonably request from time to time to comply with the Collateral Requirement (subject to any exception or exclusion expressly set forth herein or in any Security Document)all respects, and shall promptly notify the Agent upon having as soon as it has knowledge that the Lien of the Lender and/or the Agent pursuant to the Security Documents thereon has been or may be materially impaired.

Appears in 1 contract

Samples: Credit Agreement (Western Asset Mortgage Opportunity Fund Inc.)

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