Collection Efforts, Modification of Collateral. The Collateral Manager will use commercially reasonable best efforts to collect or cause to be collected, all payments called for under the terms and provisions of the Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy. The Collateral Manager may not waive, modify or otherwise vary any provision of an item of Collateral in any manner contrary in any material respect to the Credit and Collection Policy.
Appears in 16 contracts
Samples: Loan and Security Agreement (NMF SLF I, Inc.), Loan and Security Agreement (New Mountain Finance Corp), Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.)
Collection Efforts, Modification of Collateral. The Collateral Manager will use its commercially reasonable best efforts efforts, on behalf of the Borrower, to collect or cause to be collected, collected all payments called for under the terms and provisions of the Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection PolicyCollateral Management Standard. The Collateral Manager may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that would impair the collectability of the Collateral or in any manner contrary in any material respect to the Credit and Collection PolicyCollateral Management Standard.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)
Collection Efforts, Modification of Collateral. The Collateral Manager will use commercially reasonable best efforts to collect or cause to be collected, all payments called for under the terms and provisions of the Loans Portfolio Assets included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy. The Collateral Manager may not waive, modify or otherwise vary any provision of an item of Collateral in any manner contrary in any material respect to the Credit and Collection Policy.
Appears in 2 contracts
Samples: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)
Collection Efforts, Modification of Collateral. The Collateral Manager will use its commercially reasonable best efforts to collect or cause to be collected, all payments called for due and payable under the terms and provisions of the Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection PolicyCollateral Management Standard. The Neither the Borrower nor the Collateral Manager may not waive, modify or otherwise vary any provision of an item of Collateral (including, but not limited to, any Loan) in any manner contrary in any material respect to the Credit and Collection PolicyCollateral Management Standard.
Appears in 1 contract
Samples: And Collateral Management Agreement (First Eagle Credit Opportunities Fund)
Collection Efforts, Modification of Collateral. The Collateral Manager will use commercially reasonable best efforts to collect or cause to be collected, all payments called for under the terms and provisions of the Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy. The Collateral Manager may not waive, modify or otherwise vary any provision of an item of Collateral in any manner contrary in any material respect to the Credit and Collection Policy.. (b)
Appears in 1 contract
Samples: Loan and Security Agreement (New Mountain Finance Corp)
