Common use of Rights upon Facility Termination Event Clause in Contracts

Rights upon Facility Termination Event. If a Facility Termination Event shall have occurred and be continuing, the Facility Agent may, in its sole discretion, or shall at the direction of the Majority Lenders, direct the Collateral Agent to exercise any of the remedies specified herein in respect of the Collateral and the Collateral Agent shall promptly, at the written direction of the Facility Agent or the Majority Lenders, also do one or more of the following (subject to Section 13.9):

Appears in 4 contracts

Samples: Loan Financing and Servicing Agreement (FS KKR Capital Corp), Financing and Servicing Agreement (FS KKR Capital Corp), Financing and Servicing Agreement (FS KKR Capital Corp)

AutoNDA by SimpleDocs

Rights upon Facility Termination Event. If a Facility Termination Event shall have occurred and be continuing, the Facility Administrative Agent may, in its sole discretion, or shall at the direction of the Majority Lenders, direct the Collateral Agent to exercise any of the remedies specified herein in respect of the Collateral and the Collateral Agent shall promptly, at the written direction of the Facility Agent or the Majority LendersAdministrative Agent, also do one or more of the following (subject to Section 13.9):

Appears in 3 contracts

Samples: Loan Financing and Servicing Agreement (FS Investment Corp III), Loan Financing and Servicing Agreement (FS Investment Corp II), Loan Financing and Servicing Agreement (TCP Capital Corp.)

Rights upon Facility Termination Event. If a Facility Termination Event shall have occurred and be continuing, the Facility Agent may, in its sole discretion, or shall at the direction of the Majority Lenders, direct the Collateral Agent to Lenders exercise any of the remedies specified herein in respect of the Borrower Collateral and the Collateral Facility Agent may (with the consent of the Majority Lenders) but shall promptlyhave no obligation, or the Facility Agent shall, at the written direction of the Facility Agent or the Majority Lenders, also do one or more of the following (subject to Section 13.913.5):

Appears in 2 contracts

Samples: Receivables Financing Agreement (TriplePoint Private Venture Credit Inc.), Receivables Financing Agreement (TriplePoint Private Venture Credit Inc.)

Rights upon Facility Termination Event. If a Facility Termination Event shall have occurred and be continuing, the Facility Agent may, in its sole discretion, or shall at the direction of the Majority Required Lenders, direct the Collateral Agent to exercise any of the remedies specified herein in respect of the Collateral and the Collateral Agent may (with the consent of the Facility Agent) but shall have no obligation, or the Collateral Agent shall promptly, at the written direction of the Facility Agent or the Majority Required Lenders, also do one or more of the following (subject to Section 13.9):

Appears in 2 contracts

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

Rights upon Facility Termination Event. If a Facility Termination Event shall have occurred and be continuing, the Facility Administrative Agent may, in its sole discretion, or shall at the direction of the Majority RequiredMajority Lenders, direct the Collateral Agent to exercise any of the remedies specified herein in respect of the Collateral and the Collateral Agent shall promptly, at the written direction of the Facility Administrative Agent or the Majority Lenders, also do one or more of the following (subject to Section 13.9):

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (FS Investment Corp III)

AutoNDA by SimpleDocs

Rights upon Facility Termination Event. If a Facility Termination Event shall have occurred and be continuing, the Facility Agent may, in its sole discretion, or shall at the direction of the Majority Required Lenders, direct the Collateral Agent to exercise any of the remedies specified herein in respect of the Collateral and the Collateral Agent shall promptly, at the written direction of the Facility Agent or the Majority LendersAgent, also do one or more of the following (subject to Section 13.9):

Appears in 1 contract

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

Rights upon Facility Termination Event. (a) If a Facility Termination Event shall have occurred and be continuing, the Facility Agent may, in its sole discretion, or shall at the direction of the Majority Lenders, direct the Collateral Agent to exercise any of the remedies specified herein in respect of the Collateral and the Collateral Agent shall promptly, at the written direction of the Facility Agent or the Majority Lenders, also do one or more of the following (subject to Section 13.9):

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (Blackstone Private Credit Fund)

Time is Money Join Law Insider Premium to draft better contracts faster.