Common use of Conditions to Substitution Clause in Contracts

Conditions to Substitution. No substitution of a Collateral Loan with a Substitute Loan shall occur unless each of the following conditions is satisfied as of the date of such substitution (as certified to the Agents by the Borrower (or the Collateral Manager on behalf of the Borrower)):

Appears in 14 contracts

Samples: Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit Agreement (Main Street Capital CORP), Credit and Security Agreement (Main Street Capital CORP)

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Conditions to Substitution. No substitution of a Collateral Loan Asset with a Substitute Loan shall occur unless each of the following conditions is satisfied (or waived by the Administrative Agent) as of the date of such substitution (as certified substitution, after giving effect to the Agents by the Borrower (such substitution, all other substitutions of Collateral Assets occurring substantially concurrently and all sales or the purchases of Collateral Manager on behalf of the Borrower)):Assets previously or substantially concurrently committed to:

Appears in 6 contracts

Samples: Credit and Security Agreement (Diameter Credit Co), Credit and Security Agreement (Blue Owl Credit Income Corp.), Credit and Security Agreement (Blue Owl Technology Income Corp.)

Conditions to Substitution. No substitution of a Collateral Loan with a Substitute Loan shall occur unless each of the following conditions is satisfied (or waived by the Administrative Agent) as of the date of such substitution (as certified to the Agents by the Borrower (or the Collateral Manager on behalf of the Borrower)):substitution:

Appears in 4 contracts

Samples: Credit and Security Agreement (Saratoga Investment Corp.), Credit and Security Agreement (Saratoga Investment Corp.), Credit and Security Agreement (Saratoga Investment Corp.)

Conditions to Substitution. No substitution of a Collateral Loan with a Substitute Loan shall occur unless each of the following conditions is satisfied (or waived by the Administrative Agent) as of the date of such substitution (as certified substitution, after giving effect to the Agents by the Borrower (such substitution, all other substitutions of Collateral Loans occurring substantially concurrently and all sales or the purchases of Collateral Manager on behalf of the Borrower)):Loans previously or substantially concurrently committed to:

Appears in 4 contracts

Samples: Credit and Security Agreement (SLR Private Credit BDC II LLC), Credit and Security Agreement (Apollo Debt Solutions BDC), Credit and Security Agreement (Blackstone Private Credit Fund)

Conditions to Substitution. No substitution of a Collateral Loan with a Substitute Loan shall occur unless each of the following conditions is satisfied as of the date of such substitution (as certified to the Agents by the Borrower (or the Collateral Manager on behalf of the Borrower)):substitution:

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Pennantpark Investment Corp), Credit and Security Agreement (Pennantpark Investment Corp), Credit and Security Agreement (FS Investment Corp II)

Conditions to Substitution. No substitution of a Collateral Loan with a Substitute Loan shall occur unless each of the following conditions is satisfied as of the date of such substitution (as certified to the Agents Administrative Agent by the Borrower (or the Collateral Manager on behalf of the Borrower)):

Appears in 2 contracts

Samples: Credit and Security Agreement (Logan Ridge Finance Corp.), Credit and Security Agreement (Capitala Finance Corp.)

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Conditions to Substitution. No substitution of a Collateral Loan LoanAsset with a Substitute Loan shall occur unless each of the following conditions is satisfied (or waived by the Administrative Agent) as of the date of such substitution (as certified substitution, after giving effect to the Agents by the Borrower (such substitution, all other substitutions of Collateral LoansAssets occurring substantially concurrently and all sales or the purchases of Collateral Manager on behalf of the Borrower)):LoansAssets previously or substantially concurrently committed to:

Appears in 1 contract

Samples: Credit and Security Agreement (Apollo Debt Solutions BDC)

Conditions to Substitution. No substitution of a Collateral Loan with a Substitute Loan shall occur unless each of the following conditions is satisfied as of the date of such substitution (as certified to the Agents Administrative Agent by the Borrower (or the Collateral Manager Servicer on behalf of the Borrower)):

Appears in 1 contract

Samples: Credit and Security Agreement (Newtek Business Services Corp.)

Conditions to Substitution. No substitution of a Collateral Loan with a Substitute Loan shall occur unless each of the following conditions is satisfied as of the date of such substitution (as certified substitution, after giving effect to the Agents by the Borrower (such substitution, all other substitutions occurring substantially concurrently and all sales or the Collateral Manager on behalf of the Borrower)):purchases previously or substantially concurrently committed to:

Appears in 1 contract

Samples: Credit and Security Agreement (Bain Capital Specialty Finance, Inc.)

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