Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (vii) of the definition of “Collateral Obligation”, within 18 months after the failure of such Collateral Obligation to meet such criteria or (ii) no longer meets the criteria described in clause (vi) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet such criteria.
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Samples: Indenture (HPS Corporate Lending Fund), Indenture and Security Agreement (Nuveen Churchill Direct Lending Corp.), Indenture (NewStar Financial, Inc.)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (viiix) of the definition of “Collateral Obligation”, within 18 months after the failure of such Collateral Obligation to meet any such criteria or and (ii) no longer meets the criteria described in clause (viviii) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet either such criteria.
Appears in 3 contracts
Samples: Supplemental Indenture (GOLUB CAPITAL BDC, Inc.), Indenture (GOLUB CAPITAL INVESTMENT Corp), Indenture (GOLUB CAPITAL BDC, Inc.)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (vii) of the definition of “Collateral Obligation”, within 18 months after the failure of such Collateral Obligation to meet any such criteria or and (ii) no longer meets the criteria described in clause (vi) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet either such criteria.
Appears in 3 contracts
Samples: Indenture (TICC Capital Corp.), Indenture (TICC Capital Corp.), Indenture (Golub Capital BDC, Inc.)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (vii) of the definition of “Collateral Obligation”, ,” within 18 months after the failure of such Collateral Obligation to meet such criteria or (ii) no longer meets the criteria described in clause (vi) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet such criteria.
Appears in 2 contracts
Samples: Second Supplemental Indenture (Silver Point Specialty Lending Fund), Indenture and Security Agreement (Silver Point Specialty Lending Fund)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (viiix) of the definition of “"Collateral Obligation”", within 18 months after the failure of such Collateral Obligation to meet any such criteria or and (ii) no longer meets the criteria described in clause (viviii) of the definition of “"Collateral Obligation” " within 45 days after the failure of such Collateral Obligation to meet either such criteria.
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Samples: Indenture (Golub Capital Private Credit Fund), Indenture (Golub Capital BDC 3, Inc.)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (vii) of the definition of “Collateral Obligation”, ,” within 18 months after the failure of such Collateral Obligation to meet such criteria or (ii) no longer meets the criteria described in clause (vi) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet such criteria.
Appears in 2 contracts
Samples: Indenture and Security Agreement (PennantPark Floating Rate Capital Ltd.), Indenture (PennantPark Floating Rate Capital Ltd.)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (viivi) of the definition of “Collateral Obligation”, within 18 months after the failure of such Collateral Obligation to meet any such criteria or and (ii) no longer meets the criteria described in clause (viv) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet either such criteria.
Appears in 2 contracts
Samples: Indenture (Golub Capital Investment Corp), Indenture (Golub Capital BDC, Inc.)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (viiix) of the definition of “Collateral Obligation”, within 18 months after the failure of such Collateral Obligation to meet such criteria or (ii) no longer meets the criteria described in clause (vi) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet any such criteria.
Appears in 2 contracts
Samples: Indenture (Golub Capital BDC 3, Inc.), Indenture (GOLUB CAPITAL BDC, Inc.)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (viiix) of the definition of “Collateral Obligation”, within 18 months after the failure of such Collateral Obligation to meet any such criteria or and (ii) no longer meets the criteria described in clause (viviii) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet either such criteria.
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Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect effectuate the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (viiv) of the definition of “Collateral Obligation”, within 18 months after the failure of such Collateral Obligation to meet any such criteria or (ii) no longer meets unless such sale is impractical or, in the criteria described in clause (vi) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet such criteriaManager’s judgment, not economical).
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Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price, but after a reasonable period of market inquiry) subject to any applicable transfer restrictions of any Collateral Obligation that (i) no longer meets the criteria described in clause (vii) of the definition of “"Collateral Obligation”, ," within 18 months after the failure of such Collateral Obligation to meet such criteria or (ii) no longer meets the criteria described in clause (vi) of the definition of “"Collateral Obligation” " within 45 days after the failure of such Collateral Obligation to meet either such criteria.
Appears in 1 contract
Samples: Indenture (MSD Investment Corp.)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (vii7) of the definition of “"Collateral Obligation”, " (other than an interest in a Blocker Subsidiary) within 18 months after the failure of such Collateral Obligation to meet such criteria or (ii) no longer meets the criteria described in clause (vi) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet any such criteria.
Appears in 1 contract
Samples: Indenture (NewStar Financial, Inc.)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (viixiv) of the definition of “Collateral Obligation”, within 18 months after the failure of such Collateral Obligation to meet any such criteria or and (ii) no longer meets the criteria described in clause (vi) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet either such criteria.
Appears in 1 contract
Samples: Indenture (KCAP Financial, Inc.)
Mandatory Sales. The Collateral Portfolio Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (viiviii) or (xxv) of the definition of “"Collateral Obligation”", within 18 months after the failure of such Collateral Obligation to meet any such criteria or and (ii) no longer meets the criteria described in clause (vivii) or (xviii) of the definition of “"Collateral Obligation” " within 45 days after the failure of such Collateral Obligation to meet either such criteria.
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Samples: Indenture (JMP Group Inc.)
Mandatory Sales. The Subject to the satisfaction of the Portfolio Acquisition and Sale Requirements, the Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (vii) of the definition of “Collateral Obligation”, ” within 18 months after the failure of such Collateral Obligation to meet any such criteria or and (ii) no longer meets the criteria described in clause (vi) of the definition of “Collateral Obligation” within 45 days after the failure of such Collateral Obligation to meet either such criteria.
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Samples: Indenture (Garrison Capital LLC)
Mandatory Sales. The Collateral Manager on behalf of the Issuer shall use its commercially reasonable efforts to effect the sale (regardless of price) of any Collateral Obligation that (i) no longer meets the criteria described in clause (vii) of the definition of “Collateral Obligation”, within 18 months after the failure of such Collateral Obligation to meet such criteria or (ii) no longer meets the criteria described in clause (viviii) of the definition of “Collateral Obligation” within 45 days 3 years after the failure of such Collateral Obligation to meet either such criteria.
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