Common use of Timing of Approval Requests Clause in Contracts

Timing of Approval Requests. No later than five (5) Agent Business Days (or such shorter period as the Administrative Agent may agree in its sole discretion) before the date on which the Company proposes that a binding commitment or other agreement to acquire any Portfolio Investment (other than an Initial Portfolio Investment) be made by it or for its account (a "Purchase Commitment") or that a Substitution occur, the Servicer, on behalf of the Company, shall deliver to the Administrative Agent an individual approval request in the form of Exhibit C-1 relating to each such proposed Portfolio Investment (each such approval request, as it relates to the individual asset set forth therein, an "Approval Request"). Granted approvals may be evidenced by delivery by electronic communication of an asset approval letter in the form of Exhibit C-2 (which may be in Excel or email format).