Common use of Optional Sales Clause in Contracts

Optional Sales. (a) The Borrower shall have the right to sell all or a portion of the Collateral Obligations (each, an “Optional Sale”), subject to the following terms and conditions:

Appears in 48 contracts

Samples: Loan and Servicing Agreement (Antares Strategic Credit Fund), Loan Financing and Servicing Agreement (Stellus Private Credit BDC), Loan and Servicing Agreement (Blue Owl Capital Corp III)

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Optional Sales. (a) The Borrower shall have the right to sell (or direct any Securitization Subsidiary to sell) all or a portion of the Collateral Obligations (each, an “Optional Sale”), subject to the following terms and conditions:

Appears in 3 contracts

Samples: Loan Financing and Servicing Agreement (Golub Capital Direct Lending Corp), Loan Financing and Servicing Agreement (Golub Capital BDC 3, Inc.), Loan Financing and Servicing Agreement (Golub Capital BDC 4, Inc.)

Optional Sales. (a) The Borrower shall have the right to sell (or to cause a Permitted Subsidiary to sell) all or a portion of the Collateral Obligations Assets (each, an “Optional Sale”), subject to the following terms and conditions:conditions (provided that none of the following terms and conditions shall be applicable to the release of Collateral Assets in connection with a Securitization Take-Out):

Appears in 3 contracts

Samples: Credit Agreement (HPS Corporate Lending Fund), Credit Agreement (HPS Corporate Lending Fund), Credit Agreement (HPS Corporate Lending Fund)

Optional Sales. (a) The Borrower shall have the right to sell all or a portion (including, for the avoidance of doubt, pursuant to participation agreements or other agreements to effectuate assignments following an initial transfer of a participation interest or other portion of a Collateral Asset) of the Collateral Obligations Assets (each, an “Optional Sale”), subject to the following terms and conditions:conditions (provided that none of the following terms and conditions shall be applicable to the release of Collateral Assets in connection with a Securitization Take-Out):

Appears in 2 contracts

Samples: Credit Agreement (Nuveen Churchill Private Capital Income Fund), Credit Agreement (Nuveen Churchill Private Capital Income Fund)

Optional Sales. (a) The Borrower shall have the right to sell all or a portion of the Collateral Obligations (each, an “Optional Sale”), subject to the following terms and conditions:

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (Blackstone Private Credit Fund)

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Optional Sales. (a) The Borrower shall have the right to sell all or a portion of the Collateral Obligations Contracts (each, an “Optional Sale”), subject to the following terms and conditions:

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (TriplePoint Venture Growth BDC Corp.)

Optional Sales. (am) The Borrower shall have the right to sell all or a portion of the Collateral Obligations (each, an “Optional Sale”), subject to the following terms and conditions:

Appears in 1 contract

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

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