Common use of Negative Cash Balance Clause in Contracts

Negative Cash Balance. Notwithstanding anything herein to the contrary, as a condition to any purchase of an additional Collateral Obligation, if the balance in the Principal Collection Subaccount after giving effect to (i) all expected debits and credits in connection with such purchase and all other sales and purchases (as applicable) previously or simultaneously committed to, and (ii) without duplication of amounts in the preceding clause (i), anticipated receipts of Principal Proceeds, is a negative amount, the absolute value of such amount may not, for a period longer than 30 days, be greater than 5.0% of the Aggregate Principal Balance of the Collateral Obligations as of the Measurement Date immediately preceding the trade date for such purchase.

Appears in 5 contracts

Samples: Indenture and Security Agreement (Blue Owl Capital Corp), Indenture (Blue Owl Credit Income Corp.), Indenture and Security Agreement (Blue Owl Capital Corp III)

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