Common use of Required Sale Date Clause in Contracts

Required Sale Date. Notwithstanding any restrictions or any other provisions to the contrary herein or in any other Transaction Document, the Borrower shall divest itself of all Required Sale Assets on or prior to the Required Sale Date. For the avoidance of doubt, the Borrower’s divestment of the Required Sale Assets shall not be included in determining the Borrower’s compliance with Section 2.07 of this Agreement.

Appears in 2 contracts

Samples: Omnibus Amendment (Ares Capital Corp), Omnibus Amendment (Ares Capital Corp)

AutoNDA by SimpleDocs

Required Sale Date. Notwithstanding any restrictions or any other provisions to the contrary herein or in any other Transaction Document, the Borrower shall divest itself of all Required Sale Assets on or prior to the Required Sale Date. For the avoidance of doubt, the Borrower’s divestment of the Required Sale Assets shall not be included in determining the Borrower’s compliance with Section 2.07 2,07 of this Agreement.

Appears in 1 contract

Samples: Amendment No. 8 (Ares Capital Corp)

AutoNDA by SimpleDocs

Required Sale Date. Notwithstanding any restrictions anything else in this Agreement or any the other provisions Transaction Documents to the contrary herein or in any other Transaction Documentcontrary, the Borrower shall divest itself of all Required Sale Assets on or prior to the Required Sale Date; provided, however, that the Administrative Agent may, in its sole discretion, give notice at any time to the Borrower to divest itself of any Required Sale Assets. For the avoidance of doubt, the Borrower’s divestment of the Required Sale Assets shall not be included in determining the Borrower’s compliance with Section 2.07 of this Agreement.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Fifth Street Finance Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!