Common use of Loans Not to be Evidenced by Instruments Clause in Contracts

Loans Not to be Evidenced by Instruments. The Seller will take no action (and will not cause Collateral Manager to take any action) to cause any Collateral Loan that is not, as of the related Purchase Date, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Collateral Loan or unless such Instrument is promptly delivered to the Custodian, together with an Indorsement in blank, as collateral security for such Collateral Loan.

Appears in 3 contracts

Samples: Sale, Contribution and Master Participation Agreement (Oxford Square Capital Corp.), Sale, Contribution and Master Participation Agreement (Oxford Square Capital Corp.), Contribution and Master Participation Agreement (TICC Capital Corp.)

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Loans Not to be Evidenced by Instruments. The Seller will take no action (and will not cause or permit the Collateral Manager to take any action) to cause any Collateral Loan that is not, as of the related Purchase Date, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Collateral Loan or unless such Instrument is promptly delivered to the Collateral Custodian, together with an Indorsement in blank, as collateral security for such Collateral Loan.

Appears in 1 contract

Samples: Sale and Contribution Agreement (First Eagle Credit Opportunities Fund)

Loans Not to be Evidenced by Instruments. The Seller will take no action (and will not cause Collateral Investment Manager to take any action) to cause any Collateral Loan that is not, as of the related Purchase Date, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Collateral Loan or unless such Instrument is promptly delivered to the Collateral Custodian, together with an Indorsement in blank, as collateral security for such Collateral Loan.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Investcorp Credit Management BDC, Inc.)

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Loans Not to be Evidenced by Instruments. The Seller will shall take no action (and will shall not cause Collateral Investment Manager to take any action) to cause any Collateral Loan that is not, as of the related Purchase Date, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection of such Collateral Loan or unless such Instrument is promptly delivered to the Collateral Custodian, together with an Indorsement in blank, as collateral security for such Collateral Loan.

Appears in 1 contract

Samples: Purchase and Sale Agreement (FS Investment Corp III)

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