Common use of No Inconsistent Actions; Third Party Inquiries Clause in Contracts

No Inconsistent Actions; Third Party Inquiries. The Assignor agrees that, upon and after the contribution of the Assigned Interests to the Assignee in accordance with the terms hereunder, (i) it will not take any action that is inconsistent with the Assignee’s ownership of the Assigned Interests and (ii) if a third party makes any inquiry regarding the Assigned Interests, it will promptly indicate that the Assigned Interests have been contributed and transferred to the Assignee.

Appears in 2 contracts

Samples: Sale and Participation Agreement (American Capital, LTD), Sale Agreement (American Capital Senior Floating, Ltd.)

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No Inconsistent Actions; Third Party Inquiries. The Assignor agrees that, upon and after the sale or contribution of the Assigned Interests to the Assignee in accordance with the terms hereunder, (i) it will not take any action that is inconsistent with the Assignee’s ownership of the Assigned Interests and (ii) if a third party makes any inquiry regarding the Assigned Interests, it will promptly indicate that the Assigned Interests have been contributed and transferred to the Assignee.

Appears in 2 contracts

Samples: Credit Agreement (American Capital, LTD), Contribution and Master Participation Agreement (American Capital, LTD)

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