Common use of Change of Location of Underlying Instruments Clause in Contracts

Change of Location of Underlying Instruments. The Collateral Manager shall not, without the prior consent of the Administrative Agent, consent to the Collateral Custodian moving any Certificated Securities or Instruments from the Collateral Custodian’s offices set forth in Section 5.5(c) on the Closing Date (except as otherwise permitted pursuant to this Agreement, including Section 7.8 or Section 7.9), unless the Collateral Manager has given at least thirty (30) days’ written notice to the Administrative Agent and has authorized the Administrative Agent to take all actions required under the UCC of each relevant jurisdiction in order to continue the first priority perfected security interest of the Administrative Agent as agent for the Secured Parties in the Collateral (subject to Permitted Liens).

Appears in 10 contracts

Sources: Loan and Security Agreement (NMF SLF I, Inc.), Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.)

Change of Location of Underlying Instruments. The Collateral Manager shall not, without the prior consent of the Administrative Agent, consent to the Collateral Custodian Securities Intermediary or the Document Custodian, as applicable, moving any Certificated Securities or Instruments from the Collateral offices of the Securities Intermediary or the Document Custodian’s offices set forth in Section 5.5(c) , as applicable, on the Closing Date (except as otherwise permitted pursuant to this Agreement, including Section 7.8 or Section 7.9), unless the Collateral Manager has given at least thirty (30) days’ written notice to the Administrative Agent and has authorized the Administrative Agent to take all actions required under the UCC of each relevant jurisdiction in order to continue the first priority perfected security interest (subject to Permitted Liens) of the Administrative Agent as agent for the Secured Parties in the Collateral (subject to Permitted Liens)Collateral.

Appears in 1 contract

Sources: Loan and Security Agreement (CION Investment Corp)

Change of Location of Underlying Instruments. The Subject to Section 14.8, the Collateral Manager shall not, without the prior consent of the Administrative Agent, consent to the Collateral Custodian or the Document Custodian moving any Certificated Securities or Instruments from the Collateral Custodian’s offices set forth in Section 5.5(c) or the Document Custodian’s Custody Facilities, as applicable, on the Closing Date (except as otherwise permitted pursuant to this Agreement, including Section 7.8 or Section 7.9)Effective Date, unless the Collateral Manager has given at least thirty (30) days’ written notice to the Administrative Agent and has authorized the Administrative Agent to take all actions required under the UCC of each relevant jurisdiction in order to continue the first priority perfected security interest of the Administrative Agent as agent for the Secured Parties in the Collateral (subject to Permitted Liens)Collateral.

Appears in 1 contract

Sources: Loan, Security and Collateral Management Agreement (First Eagle Credit Opportunities Fund)

Change of Location of Underlying Instruments. The Subject to Section 14.8, the Collateral Manager shall not, without the prior consent of the Administrative Agent, consent to the Collateral Agent or the Custodian moving any Certificated Securities or Instruments from the Collateral Agent’s or the Custodian’s offices set forth in Section 5.5(c) Custody Facilities, as applicable, on the Closing Date (except as otherwise permitted pursuant to this Agreement, including Section 7.8 or Section 7.9)Date, unless the Collateral Manager has given at least thirty (30) days’ written notice to the Administrative Agent and has authorized the Administrative Agent to take all actions required under the UCC of each relevant jurisdiction in order to continue the first priority perfected security interest of the Administrative Collateral Agent as agent for the Secured Parties in the Collateral (subject to Permitted Liens)Collateral.

Appears in 1 contract

Sources: Loan and Security Agreement (PennantPark Private Income Fund)