Common use of Unquoted Investments Clause in Contracts

Unquoted Investments. External Review. With respect to each Portfolio Investment for which market quotations are not readily available (each, an “Unquoted Investment”), the Borrower shall value such Unquoted Investments in a manner consistent with its Investment Objectives, but in any event including that it shall request an Approved Third-Party Appraiser to assist the Board of Directors of the Borrower in determining the fair market value of each such Unquoted Investment (other than any Unquoted Investment that the Administrative Agent has most recently notified the Borrower that it intends to have an Approved Third Party Appraiser selected by the Administrative Agent value), as at the last day of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2022, in each case, as selected by the Borrower in its sole discretion (with respect to such Unquoted Investment) (each, a “Testing Quarter”); provided that:

Appears in 3 contracts

Samples: Senior Secured Revolving Credit Agreement (North Haven Private Income Fund LLC), Senior Secured Revolving Credit Agreement (North Haven Private Income Fund LLC), Senior Secured Revolving Credit Agreement (North Haven Private Income Fund LLC)

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Unquoted Investments. External Review. With respect to each Portfolio Investment for which market quotations are not readily available (each, an “Unquoted Investment”), the Borrower shall value such Unquoted Investments in a manner consistent with its Investment Objectives, but in any event including that it shall request an Approved Third-Party Appraiser to assist the Board of Directors of the Borrower in determining the fair market value of each such Unquoted Investment (other than any Unquoted Investment that the Administrative Agent has most recently notified the Borrower that it intends to have an Approved Third Third-Party Appraiser selected by the Administrative Agent value), as at the last day of each fiscal quarter, commencing with the fiscal quarter ending June September 30, 2022, in each case, as selected by the Borrower in its sole discretion 2023 (with respect to such Unquoted Investment) (each, a “Testing Quarter”); provided that:

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (North Haven Private Income Fund a LLC), Senior Secured Revolving Credit Agreement (North Haven Private Income Fund a LLC)

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