Common use of Portfolio Investment Sale Proceeds Clause in Contracts

Portfolio Investment Sale Proceeds. With respect to any sale, or attempted sale, of any Portfolio Investment by the Financing Provider to any person other than a Company Party or any designee thereof permitted or required under this Agreement, on the Facility Sale Settlement Date, (i) the Applicable Purchaser shall pay to the Financing Provider an amount, if any, equal to the Sale Loss Amount and (ii) the Financing Provider shall pay to the Applicable Purchaser an amount, if any, equal to the Sale Gain Amount.

Appears in 3 contracts

Samples: Third Amended and Restated Facility Agreement (Blackstone Private Credit Fund), Amended and Restated Facility Agreement (Blackstone Private Credit Fund), Facility Agreement (Blackstone Private Credit Fund)

AutoNDA by SimpleDocs

Portfolio Investment Sale Proceeds. With respect to any sale, or attempted sale, sale of any Portfolio Investment by the Financing Provider to any person Person (other than a Company Party or any designee thereof permitted or required under this AgreementDesignated Assignee thereof) as contemplated by Section 2.04, on the Facility Sale Settlement Date, (i) Date the Applicable Purchaser shall pay to the Financing Provider an amount, if any, equal to the Sale Loss Amount and (ii) the Financing Provider shall pay to the Applicable Purchaser an amount, if any, equal to the Sale Gain Amount.

Appears in 2 contracts

Samples: Facility Agreement (Apollo Debt Solutions BDC), Facility Agreement (Apollo Debt Solutions BDC)

AutoNDA by SimpleDocs

Portfolio Investment Sale Proceeds. With respect to any sale, or attempted sale, of any Portfolio Investment by the Financing Provider to any person other than a Company Party or any designee thereof permitted or required under this Agreement, on the Facility Sale Settlement Date, (i) the Applicable Purchaser Company shall pay to the Financing Provider an amount, if any, equal to the Sale Loss Amount and (ii) the Financing Provider shall pay to the Applicable Purchaser Company an amount, if any, equal to the Sale Gain Amount.

Appears in 1 contract

Samples: Facility Agreement (Blackstone Private Credit Fund)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!