CLO Management Agreement definition
Examples of CLO Management Agreement in a sentence
To the Knowledge of Seller, no CLO Issuer, applicable CLO Investor, applicable CLO Trustee, applicable CLO Collateral Administrator or any other Person has notified Seller that it will cause or is contemplating causing, either individually or collectively with others, a redemption of any securities issued by such CLO Issuer or termination of any CLO Management Agreement.
The Company or such Subsidiary has performed all of the material obligations required to be performed by it under each Company CLO Management Agreement and each other Company CLO Issuer Operative Document, and is not in material breach or violation of, or default under any Company CLO Management Agreement, any other Company CLO Issuer Operative Document or any Constituent Document of any Company CLO Issuer.
Neither Seller nor any of its Affiliates shall have received notice from any CLO Issuer, CLO Investor or other party to any CLO Issuer Operative Document relating to the applicable Assets that it will cause or is contemplating causing, either individually or collectively with others, a redemption of any securities issued by such CLO Issuer or termination of any such CLO Management Agreement, except in each case, as would not have a Seller Material Adverse Effect.
Seller has not entered into any Contract providing for the sharing of fees payable to the Collateral Manager under any CLO Management Agreement, or for the delegation of any obligations or assignment or pledge of any rights of the Collateral Manager under any CLO Management Agreement.
The Manager has not entered into any Contract providing for the sharing of fees, delegation of any obligations or assignment or pledge of any rights under any Manager CLO Management Agreement.
There are no other material agreements to which either Seller is a party that relate to the Issuer, the Co-Issuer or the transactions contemplated by the Indenture, the CLO Management Agreement or the CAA.
In addition to the foregoing the Sellers shall provide reasonable assistance generally in the transition of such items and information to Purchaser from DCM under and in relation to the Indenture, the CAA and the CLO Management Agreement.
To the Knowledge of Seller, no other party is in breach or violation of, or default under, any CLO Management Agreement or other CLO Issuer Operative Document.
The Manager shall pay to the Company the Fees within three Business Days from the day on which the Manager actually receives Senior Collateral Management Fees from any Manager CLO Issuer pursuant to a Manager CLO Management Agreement.
For the avoidance of doubt, the Consents listed in Section 3.11(b) of the Company Disclosure Schedule shall be deemed to satisfy the condition set forth in this clause (h) with respect to the applicable Company CLO Issuer, absent any modification to the applicable Company CLO Management Agreement or applicable Company CLO Issuer Operative Documents after the date of this Agreement.