Common use of Purchase of Additional Collateral Loans Clause in Contracts

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC Coverage Test and the Collateral Quality Test are satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (a) On any date during prior to the Reinvestment Period, if no Event of Default has occurred and is continuingCommitment Termination Date, the Borrower (or the Servicer Collateral Manager on behalf of the Borrower) Borrower may, if each of the conditions specified in this Section 10.02 and Section 10.04 are metmet (or waived by the Administrative Agent), invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection SubaccountLoans) in additional Collateral Loans on the current Approved List or subject to an Approval RequestLoans; provided that no Collateral Loan may be purchased unless each of the following conditions are is satisfied as of the date such Collateral Loan is added to the Servicer commits on behalf Collateral, subject to Section 1.04(h) (provided that prior to any such purchase, the Borrower shall demonstrate that the requirements set forth below are met by submitting to the Lenders completed forms of Borrowing Base Certificate (including all attachments thereto) and Compliance Certificate (including all attachments thereto) as of the Borrower to make date of such purchase after giving effect thereto): (i) no Default or Event of Default exists and after is continuing or would result upon giving effect thereto (unless, in the case of such a Default, such Default will be cured upon giving effect to such purchase and all other sales or purchases previously or simultaneously committed to: (i) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02acquisition); (ii) such obligation is an Eligible Collateral Loan; (iii) upon giving effect thereto, the Borrowing Base Test is satisfied and each of the Coverage Tests are satisfied; (iv) such purchase is from (A) the Equityholder in accordance with the Sale Agreement or (B) a Person that is not an Affiliate of the Collateral Manager, the Borrower or the Equityholder; and (iiiv) such Principal Proceeds shall be denominated in Dollars (or converted to Dollars by the Minimum OC Coverage Test and Borrower at the Collateral Quality Test are satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improvedApplicable Conversion Rate).

Purchase of Additional Collateral Loans. (a) On any date during the Reinvestment Period, if no Event of Default has occurred and is continuing, the Borrower (or the Servicer Collateral Manager on behalf of the Borrower) may, if each of the conditions specified in this Section 10.02 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection SubaccountAccount) in additional Collateral Loans on the current Approved List or subject to an Approval RequestRequest or to fund a Revolving Exposure; provided that no Collateral Loan (excluding subsequent draws under Revolving Collateral Loans or Delayed Drawdown Collateral Loans) may be purchased unless each of the following conditions are satisfied as of the date the Servicer Collateral Manager commits on behalf of the Borrower to make such purchase purchase, and after giving effect to such purchase purchase, and all other sales or purchases previously or simultaneously committed to: (i) With respect to a purchase of an additional Collateral Loan, the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and; (iii) the Minimum OC Coverage Test and the Collateral Quality Test are satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved); and (iv) more than 50% of the Collateral Loans (by nominal amount) held by the Borrower will be Retention Holder Originated Collateral Loans or, if not, the purchase of the relevant additional Collateral Loan is a purchase of a Retention Holder Originated Collateral Loan.

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan (excluding subsequent draws under Revolving Collateral Loans or Delayed Drawdown Collateral Loans) may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC Coverage Test and the Collateral Quality Test are satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (a) On any date during the Reinvestment Period, if no Event of Default has occurred and is continuingcontinuing and the Special Amortization Period is not then in effect, the Borrower (or the Servicer on behalf of the Borrower) may, if each of the conditions specified in this Section 10.02 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC each Coverage Test and the Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan (excluding subsequent draws under Revolving Collateral Loans or Delayed Drawdown Collateral Loans) may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC each Coverage Test and the Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (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 and Section 10.04 10.05 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval RequestLoans; provided that no Collateral Loan may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (iia) such obligation is an Eligible Collateral Loan; Loan and, subject to Section 2.02, the Administrative Agent shall have received and approved an Approval Request for the Collateral Loan the Borrower intends to purchase with the proceeds of the Advance and such approval has not expired or been rescinded; (iiib) the Minimum OC Coverage Test and the each Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).; (c) each Coverage Test is satisfied;

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan (excluding subsequent draws under Revolving Collateral Loans or Delayed Drawdown Collateral Loans) may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC each Coverage Test and the Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (a) On any date during the Reinvestment Period, if no Event of Default has occurred and is continuing, the Borrower (or the Servicer Investment Advisor on behalf of the Borrower) may, if each of the conditions specified in this Section 10.02 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that if an Event of Default has occurred and is continuing the Administrative Agent’s express written consent shall be required to invest Principal Proceeds in additional Collateral Loans; provided, further, no Collateral Loan (excluding subsequent draws under Revolving Collateral Loans or Delayed Drawdown Collateral Loans) may be purchased and including in the Borrowing Base unless each of the following conditions are satisfied as of the date the Servicer Investment Advisor commits on behalf of the Borrower to make such purchase and immediately after giving effect to such purchase and all other sales or purchases previously or simultaneously committed to: (i) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC each Coverage Test and the Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC the Coverage Test and/or Collateral Quality Test is Tests are maintained or improved).

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan may be purchased unless each of the following conditions are satisfied as of the USActive 51774144.2053776213.6-111- 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC each Coverage Test and the Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest withdraw Principal Proceeds from the Principal Collection Subaccount and deposit such Principal Proceeds into the Trust Account for the purpose of investing such Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection SubaccountTrust Account) in additional Collateral Loans on the current Approved List or subject to an Approval RequestRequest or to fund a Revolving Exposure; provided that no Collateral Loan (excluding subsequent draws under Revolving Collateral Loans or Delayed Drawdown Collateral Loans) may be purchased unless each of the following conditions are satisfied as of the date the Servicer commits on behalf of the Borrower to make such purchase purchase, and after giving effect to such purchase purchase, and all other sales or purchases previously or simultaneously committed to: (i) With respect to a purchase of an additional Collateral Loan, the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; ; -143- (ii) such obligation is an Eligible Collateral Loan; and and (iii) the Minimum OC Coverage Test and the Collateral Quality Test are satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC Coverage Test TestTests and the Collateral Quality Test are satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (a) On any date during the Reinvestment Period, if no Event of Default has occurred and is continuingcontinuing and the Special Amortization Period is not then in effect, the Borrower (or the Servicer on behalf of the Borrower) may, if each of the conditions specified in this Section 10.02 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC each Coverage Test and the Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (a) On any date during the Reinvestment Period, if no Event of Default has occurred and is continuing, the Borrower (or the Servicer Collateral Manager on behalf of the Borrower) Borrower may, if each of the conditions specified in this Section 10.02 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection SubaccountLoans) in additional Collateral Loans on the current Approved List or subject to an Approval RequestLoans; provided that no Collateral Loan may be purchased unless each of the following conditions are is satisfied as of the date the Servicer Collateral Manager 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 a Collateral Loan and, if such Collateral Loan is intended to be treated as an Eligible Loan, the Borrower and the Collateral Manager shall have delivered and received written notice from the Administrative Agent shall have approved an Approval Request evidencing the approval of the Administrative Agent in its sole discretion, in accordance with respect to clause (A) of the Collateral Loan pursuant to the terms definition of Section 2.02“Eligible Loan”; (ii) such obligation each of the Collateral Quality Tests, the Concentration Limitations and the Net Equity Test is an Eligible Collateral Loansatisfied or, if it is not satisfied, it is maintained or improved; and (iii) the Minimum OC Coverage Test and the Collateral Quality Test are satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Borrowing Base Test is maintained or improved)satisfied.

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral USActive 53852035.1153852035.14.docx -120- Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan (excluding subsequent draws under Revolving Collateral Loans or Delayed Drawdown Collateral Loans) may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC each Coverage Test and the Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest Principal Proceeds (and accrued interest USActive 53861575.5 -114- received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC each Coverage Test and the Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection Subaccount) in additional Collateral Loans on the current Approved List or subject to an Approval Request; provided that no Collateral Loan may be purchased unless each of the following conditions are 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) the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC each Coverage Test and the Collateral Quality Test are is satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).

Purchase of Additional Collateral Loans. (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 and Section 10.04 are met, invest withdraw Principal Proceeds from the Principal Collection Subaccount and deposit such Principal Proceeds into the Trust Account for the purpose of investing such Principal Proceeds (and accrued interest received with respect to any Collateral Loan to the extent used to pay for accrued interest on additional Collateral Loans and other amounts on deposit in the Principal Collection SubaccountTrust Account) in additional Collateral Loans on the current Approved List or subject to an Approval RequestRequest or to fund a Revolving Exposure; provided that no Collateral Loan (excluding subsequent draws under Revolving Collateral Loans or Delayed Drawdown Collateral Loans) may be purchased unless each of the following conditions are satisfied as of the date the Servicer commits on behalf of the Borrower to make such purchase purchase, and after giving effect to such purchase purchase, and all other sales or purchases previously or simultaneously committed to: (i) With respect to a purchase of an additional Collateral Loan, the Borrower shall have delivered and the Administrative Agent shall have approved an Approval Request with respect to the Collateral Loan pursuant to the terms of Section 2.02; (ii) such obligation is an Eligible Collateral Loan; and (iii) the Minimum OC Coverage Test and the Collateral Quality Test are satisfied (or, if not satisfied immediately prior to such investment, compliance with such Minimum OC Coverage Test and/or Collateral Quality Test is maintained or improved).