Common use of Option to Acquire Rating Clause in Contracts

Option to Acquire Rating. Each party hereto hereby acknowledges and agrees that the Administrative Agent (on behalf and at the expense of the requesting Lender) may, at any time and in its sole discretion, obtain a public rating for this loan facility. The Borrower and the Collateral Manager hereby agree, subject to being reimbursed for its expenses by the requesting Lender, to use commercially reasonable efforts, at the request of the Administrative Agent, to cooperate with the acquisition and maintenance of any such rating.

Appears in 3 contracts

Samples: Credit Agreement (Steele Creek Capital Corp), Credit Agreement (Steele Creek Capital Corp), Credit Agreement (Steele Creek Capital Corp)

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Option to Acquire Rating. Each party hereto hereby acknowledges and agrees that the Administrative Agent (on behalf and at the expense of the requesting LenderLenders) may, at any time and in its sole discretion, obtain a public rating for this loan facility. The Borrower and the Collateral Investment Manager hereby agree, subject to being reimbursed for its expenses by the requesting Lender, agree to use commercially reasonable efforts, at the request of the Administrative Agent, to cooperate with the acquisition and maintenance of any such rating.

Appears in 3 contracts

Samples: Loan Financing and Servicing Agreement (FS Investment Corp III), Loan Financing and Servicing Agreement (FS Investment Corp III), Loan Financing and Servicing Agreement (FS Investment Corp III)

Option to Acquire Rating. Each party hereto hereby acknowledges and agrees that the Administrative Agent (on behalf and at the expense of the requesting LenderBorrower) may, at any time and in its sole discretion, obtain a public rating for the loan facility evidenced by this loan facilityAgreement. The Borrower and the Collateral Manager hereby agree, subject to being reimbursed for its expenses by the requesting Lender, agree to use commercially reasonable efforts, at the request of the Administrative Agent, to cooperate with the acquisition and maintenance of any such rating.

Appears in 2 contracts

Samples: Credit and Security Agreement (Business Development Corp of America), Credit and Security Agreement (Business Development Corp of America)

Option to Acquire Rating. Each party hereto hereby acknowledges and agrees that the Administrative Agent (on behalf and at the sole expense of the requesting LenderLenders) may, at any time and in its sole discretion, obtain a public rating for this loan facility. The Borrower and the Collateral Manager Servicer hereby agree, subject to being reimbursed for its expenses by agree (at the requesting Lender, sole expense of the Lenders) to use commercially reasonable efforts, at the request of the Administrative Agent, to cooperate with the acquisition and maintenance of any such rating.

Appears in 2 contracts

Samples: Financing and Servicing Agreement (HMS Income Fund, Inc.), Loan Financing and Servicing Agreement (HMS Income Fund, Inc.)

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Option to Acquire Rating. Each party hereto hereby acknowledges and agrees that the Administrative Agent (on behalf and at the expense of the Lender or Lenders requesting Lendersuch rating) may, at any time and in its sole discretion, obtain a public rating for the loan facility evidenced by this loan facilityAgreement. The Borrower and the Collateral Manager hereby agree, subject to being reimbursed for its expenses by the requesting Lender, agree to use commercially reasonable efforts, at the request of the Administrative Agent, to cooperate with the acquisition and maintenance of any such rating.

Appears in 2 contracts

Samples: Credit and Security Agreement (Oxford Square Capital Corp.), Credit and Security Agreement (TICC Capital Corp.)

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