Common use of Investor Events Clause in Contracts

Investor Events. Promptly upon becoming aware of any of the following events, a written notification to the Administrative Agent whether (i) an Exclusion Event has occurred with respect to any Borrowing Base Investor or any other Investor has violated or breached any material term of the applicable Constituent Document of the Borrower, the Subscription Agreement or any Credit Link Document or (ii) there has been any decline in the Rating of any Investor (or its Credit Provider, Sponsor or Responsible Party) whether or not such change results in an Exclusion Event (it being understood that the Borrowers are not required to affirmatively monitor the Ratings of the Investors and shall comply with the notification obligation set forth in this Section 8.1(f)(ii) only in the event a Responsible Officer of Borrower obtains actual knowledge of a decline in any such Rating).

Appears in 3 contracts

Samples: Revolving Credit Agreement (TCG BDC II, Inc.), Revolving Credit Agreement (TCG BDC II, Inc.), Revolving Credit Agreement (TCG BDC II, Inc.)

AutoNDA by SimpleDocs

Investor Events. Promptly upon becoming aware of any of the following events, a written notification to certificate notifying the Administrative Agent whether (i) an Exclusion Event has occurred with respect to any Borrowing Base Investor or any other Investor has violated or breached any material term of the applicable Constituent Document of the Borrower, the Subscription Agreement or any Credit Link Document or Document; (ii) there has been any decline in the Rating of any Investor (or its Credit Provider, Sponsor or Responsible Party) whether or not such change results in an Exclusion Event (it being understood that the Borrowers are not required to affirmatively monitor the Ratings of the Investors and shall comply with the notification delivery obligation set forth in this Section 8.1(f)(ii) only in the event a Responsible Officer of Borrower obtains actual knowledge of a decline in any such Rating); or (iii) there has been a change in the name or notice information of any Investor.

Appears in 2 contracts

Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (MSD Investment Corp.)

AutoNDA by SimpleDocs

Investor Events. Promptly upon becoming aware of any of the following events, a written notification to certificate notifying the Administrative Agent whether (i) an Exclusion Event has occurred with respect to any Borrowing Base Included Investor or any other Investor has violated or breached any material term of the applicable Constituent Document of the BorrowerFund, the Subscription Agreement or any Credit Link Document or Applicable Law; (ii) there has been any decline in the Rating of any Investor (or its Credit Provider, Sponsor or Responsible Party) whether or not such change results in an Exclusion Event (it being understood that the Borrowers Funds are not required to affirmatively monitor the Ratings of the Investors and shall comply with the notification delivery obligation set forth in this Section 8.1(f)(ii) only in the event a Responsible Officer of Borrower Credit Party obtains actual knowledge of a decline in any such Rating); or (iii) there has been a change in the name or notice information of any Investor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lord Abbett Private Credit Fund)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!