Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted Obligation and has not been sold or terminated during such three year period, the Market Value and the Principal Balance of such Defaulted Obligation shall be deemed to be zero.
Appears in 6 contracts
Samples: Indenture Agreement (HPS Corporate Lending Fund), Indenture Agreement (HPS Corporate Lending Fund), Indenture (NewStar Financial, Inc.)
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any timetime without restriction. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of has not been sold or terminated within three years after becoming a Defaulted Obligation and has not been sold or terminated during such three year periodObligation, the Market Value and the Value, Principal Balance and outstanding principal balance of such Defaulted Obligation shall be deemed to be zero.
Appears in 6 contracts
Samples: Indenture (Golub Capital Investment Corp), Indenture (Golub Capital BDC, Inc.), Indenture (KCAP Financial, Inc.)
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted Obligation and has not been sold or terminated during such three year period, the Market Value and the Principal Balance of such Defaulted Obligation shall be deemed to be zero.. (d)
Appears in 2 contracts
Samples: Indenture and Security Agreement (Nuveen Churchill Direct Lending Corp.), Indenture and Security Agreement (Nuveen Churchill Direct Lending Corp.)
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of has not been sold or terminated within three years after becoming a Defaulted Obligation and has not been sold or terminated during such three year periodObligation, the Market Value and the Principal Balance of such Defaulted Obligation shall be deemed to be zero.
Appears in 2 contracts
Samples: Indenture (NewStar Financial, Inc.), Indenture (NewStar Financial, Inc.)
Defaulted Obligations. The Collateral Manager may direct the Collateral Trustee to sell any Defaulted Obligation at any time. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted Obligation and has not been sold or terminated during such three three-year period, the Market Value and the Principal Balance of such Defaulted Obligation shall be deemed to be zero.
Appears in 2 contracts
Samples: Supplemental Indenture (Owl Rock Capital Corp), Indenture and Security Agreement (Owl Rock Capital Corp)
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any timetime during or after the Reinvestment Period without restriction. With respect to each Defaulted Obligation that has remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted Obligation and has not been sold or terminated during such three year period, the Market Value and the Principal Balance of such Defaulted Obligation shall be deemed to be zerozero (except as otherwise expressly set forth in this Indenture).
Appears in 1 contract
Samples: Indenture (NewStar Financial, Inc.)
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any timetime without restriction. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of has not been sold or terminated within three years after becoming a Defaulted Obligation and has not been sold or terminated during such three year periodObligation, the Market Value and the Principal Balance of such Defaulted Obligation shall be deemed to be zero.
Appears in 1 contract
