Common use of Purchase of Loans Involving Affiliates Clause in Contracts

Purchase of Loans Involving Affiliates. Additional Loans may be purchased from time to time by the Borrower from the Collateral Manager or any of its Affiliates only if (x) the material terms and conditions thereof are no less favorable to the Borrower than the terms it would obtain if negotiated on an arms-length basis, (y) the transactions are effected in accordance with all Applicable Laws and (z) such purchase is for an amount equal to or less than the lesser of (A) the original purchase price paid by the Collateral Manager or such Affiliate (after adjustment for any borrowings or repayments and amortization of upfront fees and exclusive of interest) and (B) the Collateral Manager’s current mxxx with respect to such Loan.

Appears in 3 contracts

Samples: Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit and Security Agreement (Monroe Capital Income Plus Corp)

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Purchase of Loans Involving Affiliates. Additional Loans may be purchased from time to time by the Borrower from the Collateral Manager or any of its Affiliates only if (x) the material terms and conditions thereof are no less favorable to the Borrower than the terms it would obtain if negotiated on an arms-length basis, (y) the transactions are effected in accordance with all Applicable Laws and (z) such purchase is for an amount equal to or less than the lesser of (A) the original purchase price paid by the Collateral Manager or such Affiliate (after adjustment for any borrowings or repayments and amortization of upfront fees and exclusive of interest) and (B) the Collateral Manager’s current mxxx xxxx with respect to such Loan.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit and Security Agreement (Monroe Capital Income Plus Corp)

Purchase of Loans Involving Affiliates. Additional Loans may be purchased from time to time by the Borrower from the Collateral Manager or any of its Affiliates only if (x) the material terms and conditions thereof are no less favorable to the Borrower than the terms it would obtain if negotiated on an arms-length basis, (y) the transactions are effected in accordance with all Applicable Laws and (z) such purchase is for an amount equal to or less than the lesser of (A) the original purchase price paid by the Collateral Manager or such Affiliate (after adjustment for any borrowings or repayments and amortization of upfront fees and exclusive of interest) and (B) the Collateral Manager’s current mxxx mark with respect to such Loan. Section 10.03.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp)

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Purchase of Loans Involving Affiliates. Additional Loans may be purchased from time to time by the Borrower from the Collateral Manager or any of its Affiliates only if (x) the material terms and conditions thereof are no less favorable to the Borrower than the terms it would obtain if negotiated on an arms-length basis, (y) the transactions are effected in accordance with all Applicable Laws and (z) such purchase is for an amount equal to or less than the lesser of (A) the original purchase price paid by the Collateral Manager or such Affiliate (after adjustment for any borrowings or repayments and amortization of upfront fees and exclusive of interest) and (B) the Collateral Manager’s current mxxx mark with respect to such Loan.

Appears in 1 contract

Samples: Credit and Security Agreement (Monroe Capital Income Plus Corp)

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