Conditions to Purchases. The Company shall not Purchase or enter into or make any commitment to Purchase any Fund Asset that would constitute an Ineligible Investment, other than (a) any such Fund Asset acquired or received as a distribution in connection with a workout, bankruptcy, foreclosure, restructuring or similar process or proceeding involving a Fund Asset or any issuer thereof, or (b) any Fund Asset that becomes an Ineligible Investment after the Trade Date but on or prior to the Settlement Date therefor.
Appears in 3 contracts
Sources: Credit and Security Agreement (FS Credit Opportunities Corp.), Credit and Security Agreement (FS Credit Opportunities Corp.), Credit and Security Agreement (FS Global Credit Opportunities Fund)