Eligibility of Collateral. The Seller has conducted the due diligence and other review it considered necessary with respect to the Loans set forth on Schedule III and each other Loan acquired by the Borrower from the Seller. As of the Closing Date and each date the Borrower acquires any Collateral from the Seller, (i) each Loan included in the Borrowing Base is an Eligible Loan and (ii) each Loan included in the Collateral is free and clear of any Lien of any Person (other than Permitted Liens and any Lien which will be released contemporaneously with the acquisition thereof by the Borrower) and in compliance in all material respects with all Applicable Laws.
Appears in 5 contracts
Sources: Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (Kayne Anderson BDC, Inc.)
Eligibility of Collateral. The Seller Equityholder has conducted the due diligence and other review it considered necessary with respect to the Loans set forth on Schedule III and each other Loan acquired by the Borrower from the SellerEquityholder. As of the Closing Date and each date the Borrower acquires any Collateral from the SellerEquityholder, (i) each Loan included in the Borrowing Base is an Eligible Loan and (ii) each Loan included in the Collateral is free and clear of any Lien of any Person (other than Permitted Liens and any Lien which will be released contemporaneously with the acquisition thereof by the Borrower) and in compliance in all material respects with all Applicable Laws.
Appears in 2 contracts
Sources: Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (North Haven Private Income Fund LLC)