Fund Structure. No Borrower shall transfer, withdraw or assign its equity interest in any other Loan Party or its obligations under the Loan Documents to any other Person other than a Person that is or becomes a Borrower hereunder, without the prior written consent of the Administrative Agent, which consent may be granted or withheld in the Administrative Agent’s sole and absolute discretion. Notwithstanding the foregoing, this Section 10.16 shall not apply to special purpose vehicles established as borrowers under other credit facilities or for the purpose of securitizations.
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Sources: Revolving Credit Agreement (Overland Advantage), Revolving Credit Agreement (Overland Advantage), Revolving Credit Agreement (Overland Advantage)
Fund Structure. No Borrower shall transfer, withdraw or assign its equity interest in any other Loan Party Borrower or its obligations under the Loan Documents to any other Person other than a Person that is or becomes a Borrower hereunder, without the prior written consent of the Administrative Agent, which consent may be granted or withheld in the Administrative Agent’s sole and absolute reasonable discretion. Notwithstanding the foregoing, this Section 10.16 shall not apply to special purpose vehicles established as borrowers under other credit facilities or for the purpose of securitizations.
Appears in 1 contract
Sources: Revolving Credit Agreement (Senior Credit Investments, LLC)
Fund Structure. No Borrower shall transfer, withdraw or assign its equity interest in any other Loan Party or its obligations under the Loan Documents to any other Person other than a Person that is or becomes a Borrower hereunder, without the prior written consent of the Administrative Agent, which consent may be granted or withheld in the Administrative Agent’s sole and absolute discretion. Notwithstanding the foregoing, this Section 10.16 shall not apply to special purpose vehicles established as borrowers under other credit facilities or for the purpose of securitizations.. - 105 -
Appears in 1 contract
Fund Structure. No Borrower shall transfer, withdraw or assign its equity interest in any other Loan Party or its obligations under the Loan Documents to any other Person other than a Person that is or becomes a Borrower hereunder, without the prior written consent of the Administrative Agent, which consent may be granted or withheld in the Administrative USActive 61477672.3USActive 61994469.1-103- Agent’s sole and absolute discretion. Notwithstanding the foregoing, this Section 10.16 shall not apply to special purpose vehicles established as borrowers under other credit facilities or for the purpose of securitizations.
Appears in 1 contract