Purchase of Additional Collateral Assets. During the Reinvestment Period, the Collateral Manager on behalf of the Borrower may, if the conditions specified in this Section 10.02 and Section 10.05 are met (or waived by the Administrative Agent), invest Principal Proceeds (and accrued interest received with respect to any Collateral Asset to the extent used to pay for accrued interest on additional Collateral Assets) in additional Collateral Assets; provided that no Collateral Asset may be purchased unless each of the following conditions is satisfied as of the date such Collateral Asset is added to the Collateral:
(i) such obligation is an Eligible Collateral Asset;
(ii) upon giving effect thereto, to all other sales or purchases of Collateral Assets previously or substantially concurrently committed to and to all substantially concurrent substitutions of Collateral Assets and to the application of the proceeds thereof, the Borrowing Base Test is satisfied;
(iii) upon giving effect thereto, to all other sales or purchases of Collateral Assets previously or substantially concurrently committed to and to all substantially concurrent substitutions of Collateral Assets and to the application of the proceeds thereof, each Collateral Quality Test and Concentration Limitation is satisfied or, if it is not satisfied, maintained or improved;
(iv) no Default or Event of Default is continuing or would result upon giving effect thereto, to all other sales or purchases of Collateral Assets previously or substantially concurrently committed to and to all substantially concurrent substitutions of Collateral Assets, unless such Default or Event of Default will be cured upon giving effect to such transactions and the application of the proceeds thereof; provided that, notwithstanding the foregoing, this clause (iv) shall not prohibit any purchase of a Collateral Asset the trade date of which was prior to the occurrence of a Default or Event of Default, and the settlement date of which is scheduled to occur on a date following such Default or Event of Default;
(v) such Principal Proceeds shall be denominated in the same Eligible Currency (or converted to such Eligible Currency pursuant to Section 2.15(c)(iii)) as the Collateral Asset acquired; and
(vi) on or prior to the Initial Conveyance Date (as defined in the Sale Agreement), the Lenders and the Administrative Agent shall have received a legal opinion (addressed to each of the Secured Parties) of counsel to the Borrower and the Equityholder, covering the true sa...
Purchase of Additional Collateral Assets. (a) On any date during the Reinvestment Period, if no Event of Default has occurred and is continuing, the Borrower (or the Investment Advisor on behalf of the Borrower) may, if each of the conditions specified in this Section 10.02 and Section 10.03 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Asset to the extent used to pay for accrued interest on additional Collateral Assets and other amounts on deposit in the Principal Collection Account) in additional Collateral Assets and units of exchange-traded funds; provided that no Collateral Asset (excluding subsequent draws under Delayed Drawdown Collateral Assets) may be purchased unless each of the following conditions are satisfied as of the date the Investment Advisor commits on behalf of the Borrower to make such purchase and after giving effect to such purchase and all other sales or purchases previously or simultaneously committed to:
(i) such obligation is an Eligible Collateral Asset; and
(ii) each Coverage Test is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Coverage Test is maintained or improved).
Purchase of Additional Collateral Assets. Section 10.01
Purchase of Additional Collateral Assets. (a) On any date during the Reinvestment Period, if no Event of Default has occurred and is continuing, the Borrower (or the Servicer on behalf of the Borrower) may, if each of the conditions specified in this Section 10.02 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Asset to the extent used to pay for accrued interest on additional Collateral Assets and other amounts on deposit in the Principal Collection Account) in additional Collateral Assets; provided that no Collateral Asset may be purchased unless each of the following conditions is satisfied as of the date the Servicer commits on behalf of the Borrower to make such purchase and after giving effect to such purchase and all other sales or purchases previously or simultaneously committed to:
(i) such obligation is an Eligible Collateral Asset; and
(ii) the Distribution OC Coverage Test is satisfied.
