Common use of Sales Prior to Stated Maturity Clause in Contracts

Sales Prior to Stated Maturity. On or prior to the date that is two Business Days prior to the scheduled Maturity Date , but no earlier than the date that is 90 Business Days prior to the scheduled Maturity Date, the Investment Manager shall direct the Collateral Agent in writing to sell, and the Collateral Agent shall sell, all Collateral Obligations and other securities to the extent necessary such that no Collateral Obligations or other securities will be expected to be held by the Borrower on or after such date, and the Collateral Agent shall sell such Collateral Obligations and such other securities in accordance with the direction of the Investment Manager. The settlement dates for any such sales of Collateral Obligations and other securities shall be no later than two Business Days prior to the scheduled Maturity Date.

Appears in 2 contracts

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

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Sales Prior to Stated Maturity. On or prior to the date that is two Business Days prior to the scheduled Maturity Date Date, but no earlier than the date that is 90 Business Days prior to the scheduled Maturity Date, the Investment Manager shall direct the Collateral Agent in writing to sell, and the Collateral Agent shall sell, all Collateral Obligations and other securities to the extent necessary such that no Collateral Obligations or other securities will be expected to be held by the Borrower on or after such date, and the Collateral Agent shall sell such Collateral Obligations and such other securities in accordance with the direction of the Investment Manager. The settlement dates for any such sales of Collateral Obligations and other securities shall be no later than two Business Days prior to the scheduled Maturity Date.

Appears in 2 contracts

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

Sales Prior to Stated Maturity. On or prior to the date that is two Business Days prior to the scheduled Scheduled Maturity Date Date, but no earlier than the date that is 90 Business Days prior to the scheduled Scheduled Maturity Date, the Investment Manager shall direct the Collateral Agent in writing to sell, and the Collateral Agent shall sell, all Collateral Obligations and other securities to the extent necessary such that no Collateral Obligations or other securities will be expected to be held by the a Borrower Entity on or after such date, and the Collateral Agent shall sell such Collateral Obligations and such other securities in accordance with the direction of the Investment Manager. The settlement dates for any such sales of Collateral Obligations and other securities shall be no later than two Business Days prior to the scheduled Scheduled Maturity Date.

Appears in 2 contracts

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

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Sales Prior to Stated Maturity. On or prior to the date that is two (2) Business Days prior to the scheduled Stated Maturity Date of the last Outstanding Note, but no earlier than the date that is 90 ninety (90) Business Days prior to the scheduled Stated Maturity Dateof the last Outstanding Note, the Investment Manager shall direct the Collateral Agent Trustee in writing to sell, and the Collateral Agent Trustee shall sell, all Collateral Obligations and other securities to the extent necessary such that no Collateral Obligations or other securities will be expected to be held by the Borrower Issuer on or after such date, and the Collateral Agent Trustee shall sell such Collateral Obligations and such other securities in accordance with the direction of the Investment Manager. The settlement dates for any such sales of Collateral Obligations and other securities shall be no later than two (2) Business Days prior to the scheduled Stated Maturity Dateof the last Outstanding Note.

Appears in 1 contract

Samples: Indenture (FS Energy & Power Fund)

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