Common use of Sales of Eligible Investments Clause in Contracts

Sales of Eligible Investments. Except as otherwise expressly provided herein, none of the Borrower Entities, the Investment Manager or the Collateral Agent may at any time sell or permit the sale of any Eligible Investment (other than an Rule 2a7 money market fund) if the applicable Borrower Entity or the Investment Manager determines that such Eligible Investment will sell at a price that is below such Borrower Entity’s purchase price of such Eligible Investment.

Appears in 3 contracts

Samples: Credit Agreement (Kennedy Lewis Capital Co), Credit Agreement (Kennedy Lewis Capital Co), Credit Agreement (Apollo Debt Solutions BDC)

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Sales of Eligible Investments. Except as otherwise expressly provided herein, none of the Borrower EntitiesBorrower, the Investment Manager Services Provider or the Collateral Agent may at any time sell or permit the sale of any Eligible Investment (other than an Rule 2a7 money market fund) if the applicable Borrower Entity or the Investment Manager Services Provider determines that such Eligible Investment will sell at a price that is below such Borrower Entitythe Borrower’s purchase price of such Eligible Investment.

Appears in 3 contracts

Samples: Credit Agreement (Blue Owl Technology Finance Corp.), Credit Agreement and Margining Agreement (Blue Owl Technology Income Corp.), Credit Agreement (Owl Rock Technology Income Corp.)

Sales of Eligible Investments. Except as otherwise expressly provided herein, none of the Borrower EntitiesBorrower, the Investment Manager or the Collateral Agent may at any time sell or permit the sale of any Eligible Investment (other than an Rule 2a7 money market fund) prior to its maturity date if the applicable Borrower Entity or the Investment Manager Manager, as the case may be, determines that such Eligible Investment will sell at a price that is below such Borrower Entity’s purchase price the par value of such Eligible Investment.

Appears in 2 contracts

Samples: Credit Agreement (FS Investment Corp II), Credit Agreement (FS Energy & Power Fund)

Sales of Eligible Investments. Except as otherwise expressly provided herein, none of the Borrower Entities, or the Investment Manager or the Collateral Agent may at any time sell (or direct the Collateral Agent to sell) or permit the sale of any Eligible Investment (other than an Rule 2a7 money market fund) prior to its maturity date if the applicable Borrower Entity or the Investment Manager Manager, as the case may be, determines that such Eligible Investment will sell at a price that is below such Borrower Entity’s purchase price the par value of such Eligible Investment.

Appears in 2 contracts

Samples: Credit Agreement (FS Energy & Power Fund), Credit Agreement (FS Investment Corp III)

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Sales of Eligible Investments. Except as otherwise expressly provided herein, none of the Borrower Entities, the Investment Collateral Manager or the Collateral Agent may at any time sell or permit the sale of any Eligible Investment (other than an Rule 2a7 money market fund) if the applicable Borrower Entity or the Investment Collateral Manager determines that both (x) such Eligible Investment will sell at a price that is below such Borrower Entity’s purchase price of such Eligible InvestmentInvestment and (y) such Disposition will result in a Borrowing Base Def iciency.

Appears in 1 contract

Samples: Credit Agreement (New Mountain Guardian III BDC, L.L.C.)

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