Common use of Optional Purchases Clause in Contracts

Optional Purchases. In addition to the right to substitute for any Collateral Obligations that become subject to a Substitution Event, ORBDCC shall have the right, but not the obligation, to purchase from the Issuer any Collateral Obligation subject to the Purchase and Substitution Limit at a cash purchase price at least equal to the Fair Market Value of such Collateral Obligation (or applicable portion thereof) as of the date of such purchase, which the Trustee shall deposit into the Collection Account upon receipt.

Appears in 4 contracts

Samples: Indenture and Security Agreement (Blue Owl Capital Corp), Indenture and Security Agreement (Blue Owl Capital Corp), Indenture and Security Agreement (Blue Owl Capital Corp)

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