Limitations on Sales and Substitutions. Except as otherwise waived by the Administrative Agent: (a) the Principal Balance of all Equityholder Collateral Assets (other than Warranty Collateral Assets) sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 20% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend. (b) the Principal Balance of all Equityholder Collateral Assets (other than Warranty Collateral Assets) that are Defaulted Loans sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 10% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend.
Appears in 5 contracts
Samples: Credit and Security Agreement (LGAM Private Credit LLC), Credit and Security Agreement (Diameter Credit Co), Credit and Security Agreement (Diameter Credit Co)
Limitations on Sales and Substitutions. Except as otherwise waived by the Administrative Agent:
(a) the The Principal Balance of all Equityholder Collateral Assets Loans (other than Warranty Collateral AssetsLoans) sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 20% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend.
(b) the The Principal Balance of all Equityholder Collateral Assets Loans (other than Warranty Collateral AssetsLoans) that are Defaulted Loans sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 10% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend.
Appears in 2 contracts
Samples: Credit and Security Agreement (Blackstone Private Credit Fund), Credit and Security Agreement (Blackstone Private Credit Fund)
Limitations on Sales and Substitutions. Except as otherwise waived by the Administrative Agent:
(a) the Principal Balance of all Equityholder Collateral Assets Loans (other than Warranty Collateral AssetsLoans) sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 20% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend.
(b) the Principal Balance of all Equityholder Collateral Assets Loans (other than Warranty Collateral AssetsLoans) that are Defaulted Loans sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 10% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend.
Appears in 1 contract
Samples: Credit and Security Agreement (Apollo Debt Solutions BDC)
Limitations on Sales and Substitutions. Except as otherwise waived by the Administrative Agent:
(a) the The Principal Balance of all Equityholder Collateral Assets (other than Warranty Collateral Assets) sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 20% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend.
(b) the The Principal Balance of all Equityholder Collateral Assets (other than Warranty Collateral Assets) that are Defaulted Loans sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 10% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend.
Appears in 1 contract
Samples: Credit and Security Agreement (Fidelity Private Credit Fund)
Limitations on Sales and Substitutions. Except as otherwise waived by the Administrative Agent:
(a) the Principal Balance of all Equityholder Collateral Assets LoansAssets (other than Warranty Collateral AssetsLoansAssets) sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 20% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend.
(b) the Principal Balance of all Equityholder Collateral Assets LoansAssets (other than Warranty Collateral AssetsLoansAssets) that are Defaulted Loans sold pursuant to Section 10.01(a) or substituted pursuant to Section 10.03 to the Equityholder or an Affiliate thereof shall not exceed 10% of the Equityholder Purchased Loan Balance measured as of the date of such sale or dividend.
Appears in 1 contract
Samples: Credit and Security Agreement (Apollo Debt Solutions BDC)
