Common use of Credit Policy Clause in Contracts

Credit Policy. The Seller will not agree to or otherwise permit to occur any change in the Credit Policy that could have a Material Adverse Effect without the prior written consent of the Agent; provided that no consent shall be required from the Agent in connection with any change mandated by Applicable Law or a Governmental Authority as evidenced by an Opinion of Counsel to that effect delivered to the Agent.

Appears in 4 contracts

Samples: Second Tier Purchase and Sale Agreement (Ares Capital Corp), Purchase and Sale Agreement (Ares Capital Corp), First Tier Purchase and Sale Agreement (Ares Capital Corp)

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Credit Policy. The Seller will not agree to or otherwise permit to occur any change in the Credit Policy that could reasonably be expected to have a Material Adverse Effect without the prior written consent of the AgentAdministrative Agent and each Purchaser Agent (which consent will not be unreasonably withheld); provided that no consent shall be required from the Administrative Agent or any Purchaser Agent in connection with any change mandated by Applicable Law or a Governmental Authority as evidenced by an Opinion of Counsel to that effect delivered to the Administrative Agent and each Purchaser Agent.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ares Capital Corp)

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