Common use of Undertaking by Seller Clause in Contracts

Undertaking by Seller. Seller undertakes to deliver the Assignment and Assumption Agreements to the respective administrative agents on or before the Date of Purchase or as promptly thereafter as practicable for purposes of having the applicable administrative agent take all action required for each Assignment and Assumption Agreement to become effective for purposes of the respective Credit Agreement as of the Date of Purchase or as shortly thereafter as is practicable, provided however, the failure of any applicable administrative agent to take such action shall not diminish, impair or negate the binding effect of this Agreement or any Assignment and Assumption Agreement.

Appears in 2 contracts

Samples: Form of Asset Repurchase Agreement (Churchill Financial BDC Inc.), Form of Asset Repurchase Agreement (Churchill Financial BDC Inc.)

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Undertaking by Seller. Seller undertakes to deliver the Assignment and Assumption Agreements to the respective administrative agents on or before the Settlement Date and the receipt of the Forward Purchase or as promptly thereafter as practicable Price with respect to each Qualifying Asset for purposes of having the applicable administrative agent take all action required for each Assignment and Assumption Agreement to become effective for purposes of the respective Credit Agreement as of the Settlement Date of Purchase or as shortly thereafter as is practicablewith respect to such Qualifying Asset, provided however, the failure of any applicable administrative agent to take such action shall not diminish, impair or negate the binding effect of this Agreement or any Assignment and Assumption Agreement.

Appears in 1 contract

Samples: Forward Purchase Agreement (Blackstone / GSO Secured Lending Fund)

Undertaking by Seller. Seller undertakes to deliver the Assignment and Assumption Agreements to the respective administrative agents on or before the Date of Purchase date hereof or as promptly thereafter hereafter as practicable for purposes of having the applicable administrative agent take all action required for each Assignment and Assumption Agreement to become effective for purposes of the respective Credit Agreement as of the Date of Purchase date hereof or as shortly thereafter as is practicable, provided however, that the failure of any applicable administrative agent to take such action shall not diminish, impair or negate the binding effect of this Agreement or any Assignment and Assumption Agreement.

Appears in 1 contract

Samples: Form of Asset Purchase Agreement (Churchill Financial BDC Inc.)

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Undertaking by Seller. Seller undertakes to deliver the Assignment and Assumption Agreements to the respective administrative agents on or before the Date of Purchase date hereof or as promptly thereafter hereafter as practicable for purposes of having the applicable administrative agent take all action required for each Assignment and Assumption Agreement to become effective for purposes of the respective Credit Agreement as of the Date of Purchase date hereof or as shortly thereafter as is practicable, provided however, the failure of any applicable administrative agent to take such action shall not diminish, impair or negate the binding effect of this Agreement or any Assignment and Assumption Agreement.

Appears in 1 contract

Samples: Form of Asset Purchase Agreement (Churchill Financial BDC Inc.)

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