Common use of Required Sale Assets Clause in Contracts

Required Sale Assets. Notwithstanding anything else in this Agreement to the contrary, the Servicer shall divest the Borrower of all Required Sale Assets within two (2) Business Days of the acquisition thereof or of such asset becoming a Required Sale Asset, as the case may be. 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 2 contracts

Samples: Loan and Servicing Agreement (BlackRock TCP Capital Corp.), Loan and Servicing Agreement (BlackRock TCP Capital Corp.)

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Required Sale Assets. Notwithstanding anything else in this Agreement to the contrary, the Servicer shall divest the Borrower of all Required Sale Assets within two (2) Business Days of the acquisition thereof obtaining notice or of knowledge that such asset becoming is a Required Sale Asset, as the case may be. 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 2.06(c) 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 1 contract

Samples: Loan and Servicing Agreement (Overland Advantage)

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Required Sale Assets. Notwithstanding anything else in this Agreement to the contrary, the Servicer shall divest the Borrower of all Required Sale Assets within two (2) Business Days of the acquisition thereof or of such asset becoming a Required Sale Asset, as the case may bethereof. 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 compliance with the requirements therein in connection with the sale of any other Loan Asset.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Owl Rock Capital Corp)

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