Common use of Required Sale Assets Clause in Contracts

Required Sale Assets. Notwithstanding anything else in this Agreement to the contrary upon the request of the Administrative Agent, the Servicer shall cause the Borrower to divest all Required Sale Assets within ten (10) Business Days from the date of notice from the Administrative Agent to the Borrower or the Servicer that such Loan Asset constitutes a Required Sale Asset. For the avoidance of doubt, the Borrower's divestment of the Required Sale Assets shall not be subject to the terms of Section 2.07 or included in determining the Borrower's compliance with the requirements therein in connection with the sale of any other Loan Asset.

Appears in 3 contracts

Samples: Loan and Servicing Agreement (AG Twin Brook Capital Income Fund), Loan and Servicing Agreement (AGTB Private BDC), Loan and Servicing Agreement (AGTB Private BDC)

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Required Sale Assets. Notwithstanding anything else in this Agreement to the contrary upon the request of the Administrative Agentcontrary, the Servicer shall cause use commercially reasonable efforts to divest the Borrower to divest of all Required Sale Assets within ten two (102) Business Days from the date of notice from the Administrative Agent to the Borrower or the Servicer that such Loan Asset constitutes a Required Sale Asset. For the avoidance of doubt, the Borrower's ’s divestment of the Required Sale Assets shall not be subject to the terms of Section 2.07 or included in determining the Borrower's ’s compliance with the requirements therein in connection with the sale of any other Loan Asset.

Appears in 3 contracts

Samples: Loan and Servicing Agreement (Franklin BSP Capital Corp), Loan and Servicing Agreement (Franklin BSP Capital Corp), Loan and Servicing Agreement (Franklin BSP Capital Corp)

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