Validity of this Agreement. It shall not (i) take any action or omit to take any action, the result of which would permit the validity or effectiveness of any Facility Document or any grant of Collateral under this Agreement to be impaired, or permit the Lien of this Agreement to be amended, hypothecated, subordinated, terminated or discharged, or take any action or omit to take any action, the result of which would permit any Person to be released from any covenant or obligation with respect to this Agreement and (ii) except as permitted by any Facility Document, take any action that would permit the Lien of this Agreement not to constitute a valid first priority perfected security interest in the Collateral (subject to Permitted Liens).
Appears in 15 contracts
Samples: Revolving Credit and Security Agreement (Morgan Stanley Direct Lending Fund), Credit and Security Agreement (T Series Middle Market Loan Fund LLC), Credit and Security Agreement (Morgan Stanley Direct Lending Fund)
Validity of this Agreement. It shall not (i) take any action to permit or omit fail to take any action, the result of which action that would permit cause the validity or effectiveness of any Facility Document this Agreement or any grant of Collateral under this Agreement hereunder to be impaired, or permit the Lien lien of this Agreement to be amended, hypothecated, subordinated, terminated or discharged, or take any action or omit to take any action, the result of which would permit any Person to be released from any covenant covenants or obligation obligations with respect to this Agreement (except in accordance with its terms) and (ii) except as permitted by any Facility Documentthis Agreement, take any action that would permit the Lien lien of this Agreement not to constitute a valid first priority perfected security interest in the Collateral (subject to Permitted Liens).
Appears in 7 contracts
Samples: Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit and Security Agreement (Monroe Capital Income Plus Corp), Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp)
Validity of this Agreement. It shall not (i) take any action to permit or omit fail to take any action, the result of which action that would permit cause the validity or effectiveness of any Facility Document this Agreement or any grant of Collateral under this Agreement hereunder to be impaired, or permit the Lien of this Agreement to be amended, hypothecated, subordinated, terminated or discharged, or take any action or omit to take any action, the result of which would permit any Person to be released from any covenant covenants or obligation obligations with respect to this Agreement (except in accordance with its terms) and (ii) except as permitted by any Facility Documentthis Agreement, take any action that would permit the Lien of this Agreement not to constitute a valid first priority perfected security interest in the Collateral (subject to Permitted Liens).
Appears in 2 contracts
Samples: Credit and Security Agreement (Logan Ridge Finance Corp.), Credit and Security Agreement (Logan Ridge Finance Corp.)
Validity of this Agreement. It shall not (i) take any action to permit or omit fail to take any action, the result of which action that would permit cause the validity or effectiveness of any Facility Document this Agreement or any grant of Collateral under this Agreement hereunder to be impaired, or permit the Lien lien of this Agreement to be amended, hypothecated, subordinated, terminated or discharged, or take any action or omit to take any action, the result of which would permit any Person to be released from any covenant covenants or obligation obligations with respect to this Agreement (except in accordance with its terms) and (ii) except as permitted by any Facility Documentthis Agreement, take any action that would permit the Lien lien of this Agreement not to constitute a valid first priority perfected security interest in the Collateral (subject to Permitted Liens).. (c)
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp)
Validity of this Agreement. It shall not (i) take any action or omit to take any action, the result of which would permit the validity or effectiveness of any Facility Document or any grant of Collateral under this Agreement to be impaired, or permit the Lien of this Agreement to be amended, hypothecated, subordinated, terminated or discharged, or take any action or omit to take any action, the result of which would permit any Person to be released from any covenant or obligation with respect to this Agreement and (ii) except as permitted by any Facility Document, take any action that would permit the Lien of this Agreement not to constitute a valid first priority perfected security interest in the Collateral (subject to Permitted Liens).. USActive 54953942.1755479929.4-102-
Appears in 1 contract
