{"component": "clause", "props": {"groups": [{"samples": [{"hash": "cLmfkPDIXx", "uri": "/contracts/cLmfkPDIXx#duties", "label": "Revolving Credit and Security Agreement (T Series Middle Market Loan Fund LLC)", "score": 36.175907135, "published": true}, {"hash": "hfExAwJwXZT", "uri": "/contracts/hfExAwJwXZT#duties", "label": "Revolving Credit and Security Agreement (T Series Middle Market Loan Fund LLC)", "score": 35.6529769897, "published": true}, {"hash": "bKQb1C6e0O6", "uri": "/contracts/bKQb1C6e0O6#duties", "label": "Revolving Credit and Security Agreement (Morgan Stanley Direct Lending Fund)", "score": 35.6529769897, "published": true}], "snippet": "The Servicer shall take or cause to be taken all such actions as may be necessary or advisable to service, administer and collect on the Collateral from time to time, all in accordance with Applicable Law and the Servicing Standard. Prior to the delivery of a Servicer Removal Notice, but subject to the terms of this Agreement (including Section 11.04 and Article VI), the Servicer has the sole and exclusive authority to make any and all decisions with respect to the Collateral and take or refrain from taking any and all actions with respect to the Collateral. Without limiting the foregoing, the duties of the Servicer shall include the following (to the extent required under the terms of this Agreement):\n(i) supervising the Collateral, including communicating with Obligors, executing amendments, providing consents and waivers, exercising voting rights, enforcing and collecting on the Collateral and otherwise managing the Collateral on behalf of the Borrower;\n(ii) maintaining all necessary servicing records with respect to the Collateral and providing such reports to the Administrative Agent and each Lender (with a copy to the Collateral Agent and the Custodian) in respect of the servicing of the Collateral (including information relating to its performance under this Agreement) as may be required hereunder or as the Administrative Agent or any Lender may reasonably request in accordance with the requirements of this Agreement and which can be obtained without any undue burden or expense;\n(iii) maintaining and implementing administrative and operating procedures (including an ability to recreate servicing records evidencing the Collateral in the event of the destruction of the originals thereof) and keeping and maintaining all documents, books, records and other information reasonably necessary or advisable for the collection of the Collateral;\n(iv) promptly delivering to the Administrative Agent, each Lender, the Collateral Agent or the Custodian, from time to time, such information and servicing records (including information relating to its performance under this Agreement) as the Administrative Agent, each Lender, the Custodian or the Collateral Agent may from time to time reasonably request in accordance with the requirements of this Agreement and which can be obtained without any undue burden or expense;\n(v) identifying each Collateral Loan in its internal servicing records to reflect the ownership of such Collateral Loan by the Borrower;\n(vi) in accordance with the requirements of this Agreement, notifying the Administrative Agent and each Lender of any material action, suit, proceeding, dispute, offset, deduction, defense or counterclaim (A) that is or is threatened to be asserted by an Obligor with respect to any Collateral Loan (or portion thereof) of which it has actual knowledge or has received notice; or (B) that could reasonably be expected to have a Material Adverse Effect;\n(vii) maintaining the perfected security interest of the Collateral Agent, for the benefit of the Secured Parties, in the Collateral;\n(viii) directing the Collateral Agent to make payments pursuant to the terms of the Payment Date Report;\n(ix) assisting the Borrower with respect to the purchase and sale of and payment for the Collateral Loans and Eligible Investments;\n(x) instructing the Obligors and the administrative agents on the Collateral Loans to make payments directly into the Collection Account established and maintained with the Collateral Agent;\n(xi) delivering assignments and promissory notes to the Custodian;\n(xii) complying with such other duties and responsibilities as may be required of the Servicer by this Agreement; and\n(xiii) assisting in the acquisition and sale of Collateral Loans and other Collateral in accordance with Article X and the Servicing Standard. 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During the appointment the Director shall: exercise such powers and perform such duties in relation to the business of the Company as may from time to time be vested in or assigned to the Director by the Board. These shall be carried out faithfully and diligently comply with all lawful directions of the Board and shall at all times use the Director\u2019s best endeavours to promote and protect the business and interests of the Company exercise such powers and perform duties as Director jointly with any other person appointed by the Board to act with the Director, and the Board may at any time in its absolute discretion require the Director to cease exercising or performing any or all of them comply with the Articles of Association (as amended from time to time) of the Company abide by any statutory, fiduciary or common-law duties owed to the Company not do anything that would cause the Director to be disqualified from acting as a Director do such things as are necessary to ensure compliance by the Director and the Company with the UK Corporate Governance Code (as amended from time to time) comply with the requirements under both legislation and regulation as to the disclosure of inside 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The conferral upon Agent of any right shall not imply a duty on Agent\u2019s part to exercise such right, unless instructed to do so by Required Lenders in accordance with this Agreement.", "size": 201, "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [0, 11]}, {"key": "the-loan-documents", "type": "clause", "offset": [68, 86]}, {"key": "upon-agent", "type": "definition", "offset": [102, 112]}, {"key": "to-exercise", "type": "clause", "offset": [165, 176]}, {"key": "such-right", "type": "definition", "offset": [177, 187]}, {"key": "by-required-lenders", "type": "clause", "offset": [216, 235]}, {"key": "in-accordance-with", "type": "definition", "offset": [236, 254]}, {"key": "this-agreement", "type": "clause", "offset": [255, 269]}], "hash": "1f88b3c6efc2fb4ea078f98634cb5b63", "id": 5}, {"samples": [{"hash": "cIZTqcyPMRT", "uri": "/contracts/cIZTqcyPMRT#duties", "label": "Sub Advisory Agreement (Fidelity Central Investment Portfolios LLC)", "score": 20.7248458862, "published": true}, {"hash": "bC1HVzKE3nt", "uri": "/contracts/bC1HVzKE3nt#duties", "label": "Sub Advisory Agreement (Fidelity Central Investment Portfolios LLC)", "score": 20.7248458862, "published": true}, {"hash": "lwele1Nyx8F", "uri": "/contracts/lwele1Nyx8F#duties", "label": "Sub Advisory Agreement (Fidelity Investment Trust)", "score": 19.0, "published": true}], "snippet": "The Sub-Advisor may, in its discretion, appoint the U.K. Sub-Advisor to perform one or more of the following services with respect to all or a portion of the investments of the Portfolio, in connection with the Sub-Advisor's duties under the Sub-Advisory Agreement. The services and the portion of the investments of the Portfolio advised or managed by the U.K. Sub-Advisor shall be as agreed upon from time to time by the Sub-Advisor and the U.K.", "size": 197, "snippet_links": [{"key": "the-sub", "type": "clause", "offset": [0, 7]}, {"key": "in-its-discretion", "type": "clause", "offset": [21, 38]}, {"key": "with-respect-to", "type": "clause", "offset": [118, 133]}, {"key": "a-portion", "type": "definition", "offset": [141, 150]}, {"key": "the-portfolio", "type": "clause", "offset": [173, 186]}, {"key": "in-connection-with", "type": "clause", "offset": [188, 206]}, {"key": "advisory-agreement", "type": "clause", "offset": [246, 264]}, {"key": "services-and", "type": "clause", "offset": [270, 282]}, {"key": "as-agreed", "type": "clause", "offset": [383, 392]}, {"key": "from-time-to-time", "type": "clause", "offset": [398, 415]}], "hash": "fb08c6ce9b37ad624ec916cfa325b6d1", "id": 6}, {"samples": [{"hash": "3wRxuixfY8F", "uri": "/contracts/3wRxuixfY8F#duties", "label": "Loan and Security Agreement (Palmer Square Capital BDC Inc.)", "score": 36.8439407349, "published": true}, {"hash": "5auPWQal69O", "uri": "/contracts/5auPWQal69O#duties", "label": "Loan and Security Agreement (Oaktree Specialty Lending Corp)", "score": 35.3874053955, "published": true}, {"hash": "gQNOtXZTewS", "uri": "/contracts/gQNOtXZTewS#duties", "label": "Loan and Security Agreement (Palmer Square Capital BDC Inc.)", "score": 34.9657783508, "published": true}], "snippet": "Subject to the provisions concerning its general duties and obligations as set forth in Section 6.1 and the terms of this Agreement, the Collateral Manager agrees to manage the investment and reinvestment of the Collateral and shall perform on behalf of the Borrower all duties and functions assigned to the Borrower in this Agreement and the other Transaction Documents and the duties that have been expressly delegated to the Collateral Manager in this Agreement; it being understood that the Collateral Manager shall have no obligation hereunder to perform any duties other than as specified herein and in the other Transaction Documents. The Borrower hereby irrevocably (except as provided below) appoints the Collateral Manager as its true and lawful agent and attorney-in-fact (with full power of substitution) in its name, place and stead in connection with the performance of its duties provided for in this Agreement, including, without limitation, the following powers: (A) to give or cause to be given any necessary receipts or acquittance for amounts collected or received hereunder, (B) to make or cause to be made all necessary transfers of the Loans, Equity Securities and Permitted Investments in connection with any acquisition, sale or other disposition made pursuant hereto, (C) to execute (under hand, under seal or as a deed) and deliver or cause to be executed and delivered on behalf of the Borrower all necessary or appropriate bills of sale, assignments, agreements and other instruments in connection with any such acquisition, sale or other disposition and (D) to execute (under hand, under seal or as a deed) and deliver or cause to be executed and delivered on behalf of the Borrower any consents, votes, proxies, waivers, notices, amendments, modifications, agreements, instruments, orders or other documents in connection with or pursuant to this Agreement and relating to any Loan, Equity Security or Permitted Investment. The Borrower hereby ratifies and confirms all that such attorney-in-fact (or any substitute) shall lawfully do hereunder and pursuant hereto and authorizes such attorney-in-fact to exercise full discretion and act for the Borrower in the same manner and with the same force and effect as the managers or officers of the Borrower might or could do in respect of the performance of such services, as well as in respect of all other things the Collateral Manager deems necessary or incidental to the furtherance or conduct of the Collateral Manager\u2019s services under this Agreement, subject in each case to the applicable terms of this Agreement. The Borrower hereby authorizes such attorney-in-fact, in its sole discretion (but subject to applicable law and the provisions of this Agreement), to take all actions that it considers reasonably necessary and appropriate in respect of the Loans, the Equity Securities, the Permitted Investments and this Agreement. Nevertheless, if so requested by the Collateral Manager or a purchaser of any Loan, Equity Security or Permitted Investment, the Borrower shall ratify and confirm any such sale or other disposition by executing and delivering to the Collateral Manager or such purchaser all proper bills of sale, assignments, releases, powers of attorney, proxies, dividends, other orders and other instruments as may reasonably be designated in any such request. Except as otherwise set forth and provided for herein, this grant of power of attorney is coupled with an interest, and it shall survive and not be affected by the subsequent dissolution or bankruptcy of the Borrower. Notwithstanding anything herein to the contrary, the appointment herein of the Collateral Manager as the Borrower\u2019s agent and attorney-in-fact shall automatically cease and terminate upon the resignation of the Collateral Manager pursuant to Section 6.10 or any termination and removal of the Collateral Manager pursuant to Section 6.11. Each of the Collateral Manager and the Borrower shall take such other actions, and furnish such certificates, opinions and other documents, as may be reasonably requested by the other party hereto in order to effectuate the purposes of this Agreement and to facilitate compliance with applicable laws and regulations and the terms of this Agreement. The Collateral Manager shall provide, and is hereby authorized to provide, the following services to the Borrower:", "size": 183, "snippet_links": [{"key": "provisions-concerning", "type": "clause", "offset": [15, 36]}, {"key": "general-duties-and-obligations", "type": "clause", "offset": [41, 71]}, {"key": "section-61", "type": "clause", "offset": [88, 99]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [108, 131]}, {"key": "the-collateral-manager", "type": "clause", "offset": [133, 155]}, {"key": "agrees-to", "type": "clause", "offset": [156, 165]}, {"key": "the-investment", "type": "clause", "offset": [173, 187]}, {"key": "on-behalf-of", "type": "clause", "offset": [241, 253]}, {"key": "duties-and-functions", "type": "clause", "offset": [271, 291]}, {"key": "to-the-borrower", "type": "definition", "offset": [301, 316]}, {"key": "in-this-agreement", "type": "definition", "offset": [317, 334]}, {"key": "other-transaction-documents", "type": "clause", "offset": [343, 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(Legacy Healthcare Properties Trust Inc.)", "score": 19.5147151947, "published": true}], "snippet": "The Executive, in his capacity as Chief Executive Officer of the Company, shall faithfully perform for the Company the duties of said office and shall perform such other duties of an executive, managerial or administrative nature as shall be specified and designated from time to time by the Board of Directors of the Company (the \u201cBoard\u201d). Such duties may include, without limitation, the performance of services for, and serving on the board of directors of, any subsidiary of the Company without any additional compensation. The Executive shall devote substantially all of the Executive\u2019s business time and effort to the performance of the Executive\u2019s duties hereunder. Provided that the following activities do not interfere with the Executive\u2019s duties to the Company and provided that the following activities do not violate the Executive\u2019s covenant against competition as described at Section 6.2 hereof, during the Term the Executive may perform personal, charitable and other business activities, including, without limitation, serving as a member of one or more boards of directors of charitable or other professional organizations, and may serve on the boards of directors of other business organizations that are not engaged in any aspect of the senior housing industry, provided, however, that service on the boards of directors of other business organizations shall require the consent of the Board. The Company acknowledges that the Executive currently serves as a director of the Company and as the Chairman of the Board of the Company. The Company agrees that the Executive shall be nominated by the Nominating and Corporate Governance Committee of the Board for re-election to the Board of Directors at each annual meeting of the Company\u2019s shareholders for so long as the Executive serves as the Chief Executive Officer of the Company provided that, at the time of each annual meeting, (a) if the Executive is unable to perform his duties hereunder due to a disability or other incapacity, it is reasonably certain that the Executive will be able to resume his duties on a regular full-time basis prior to such time as the Executive\u2019s employment hereunder may be terminated by the Company due to disability, (b) the Company has not notified the Executive of its intention to terminate the Executive\u2019s employment for cause, and (c) the Executive has not notified the Company of his intention resign from his position of Chief Executive Officer of the Company.", "size": 182, "snippet_links": [{"key": "in-his-capacity-as", "type": "clause", "offset": [15, 33]}, {"key": "executive-officer-of-the-company", "type": "definition", "offset": [40, 72]}, {"key": "for-the-company", "type": "definition", "offset": [99, 114]}, {"key": "duties-of", "type": "clause", "offset": [119, 128]}, {"key": "other-duties", "type": "definition", "offset": [164, 176]}, {"key": "from-time-to-time", "type": "clause", "offset": [267, 284]}, {"key": "board-of-directors-of-the-company", "type": "definition", "offset": [292, 325]}, {"key": "without-limitation", "type": "clause", "offset": [366, 384]}, {"key": "services-for", "type": "clause", "offset": [405, 417]}, {"key": "subsidiary-of-the-company", "type": "definition", "offset": [465, 490]}, {"key": "additional-compensation", "type": "definition", "offset": [503, 526]}, {"key": "substantially-all", "type": "definition", "offset": [555, 572]}, {"key": "of-the-executive", "type": "clause", "offset": [573, 589]}, {"key": "time-and-effort", "type": "clause", 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"consent-of-the", "type": "clause", "offset": [1391, 1405]}, {"key": "director-of-the-company", "type": "definition", "offset": [1479, 1502]}, {"key": "the-board-of-the-company", "type": "clause", "offset": [1526, 1550]}, {"key": "the-company-agrees", "type": "clause", "offset": [1552, 1570]}, {"key": "committee-of-the-board", "type": "definition", "offset": [1652, 1674]}, {"key": "election-to-the-board-of-directors", "type": "clause", "offset": [1682, 1716]}, {"key": "annual-meeting", "type": "definition", "offset": [1725, 1739]}, {"key": "the-chief-executive-officer", "type": "clause", "offset": [1809, 1836]}, {"key": "company-provided", "type": "clause", "offset": [1844, 1860]}, {"key": "at-the-time", "type": "clause", "offset": [1867, 1878]}, {"key": "reasonably-certain", "type": "definition", "offset": [2013, 2031]}, {"key": "a-regular-full", "type": "clause", "offset": [2088, 2102]}, {"key": "time-basis", "type": "clause", "offset": [2103, 2113]}, {"key": "prior-to", "type": "clause", "offset": [2114, 2122]}, {"key": "by-the-company", "type": "clause", "offset": [2191, 2205]}, {"key": "due-to-disability", "type": "clause", "offset": [2206, 2223]}, {"key": "the-company-has", "type": "clause", "offset": [2229, 2244]}, {"key": "for-cause", "type": "clause", "offset": [2329, 2338]}], "hash": "455853aedab80142c600b7cf0c2a9f1f", "id": 8}, {"samples": [{"hash": "dMSUZTs233A", "uri": "/contracts/dMSUZTs233A#duties", "label": "Loan and Servicing Agreement (Blue Owl Capital Corp III)", "score": 35.937713623, "published": true}, {"hash": "8YnVyf6lYYS", "uri": "/contracts/8YnVyf6lYYS#duties", "label": "Loan and Servicing Agreement (Blue Owl Capital Corp III)", "score": 35.4996566772, "published": true}, {"hash": "jajEYL1nGKv", "uri": "/contracts/jajEYL1nGKv#duties", "label": "Loan and Servicing Agreement (Blue Owl Capital Corp III)", "score": 34.9493484497, "published": true}], "snippet": "The Collateral Custodian shall perform, on behalf of the Secured Parties, the following duties and obligations:\n(i) The Collateral Custodian, as the duly appointed agent of the Secured Parties, for these purposes, acknowledges that the Collateral Manager shall deliver, on or prior to the applicable Funding Date (but no more than three (3) Business Days after such Funding Date, except as set forth in Section 10.20), the Collateral Obligation Files delivered to it for each Collateral Obligation listed on the Schedule of Collateral Obligations attached to the related Asset Approval Request. The Collateral Custodian acknowledges that in connection with any Asset Approval Request, additional Collateral Obligation Files (specified on an accompanying Schedule of Collateral Obligations supplement) may be delivered to the Collateral Custodian from time to time, and that the Collateral Custodian will provide the Collateral Agent with all information necessary for the Collateral Agent to credit each Collateral Obligation File to the Collection Account in accordance with the terms hereof. Promptly upon the receipt of any such delivery of Collateral Obligation Files and without any review, the Collateral Custodian shall send notice of such receipt to the Collateral Manager, the Agent and each Lender Agent.\n(ii) With respect to each Collateral Obligation File which has been or will be delivered to the Collateral Custodian, the Collateral Custodian is acting exclusively as the custodian of the Secured Parties, and has no instructions to hold any Collateral Obligation File for the benefit of any Person other than the Secured Parties and undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. In so taking and retaining custody of the Collateral Obligation Files, the Collateral Custodian shall be deemed to be acting for the purpose of perfecting the Collateral Agent\u2019s security interest therein under the UCC. Except upon compliance with the provisions of Section 18.5, no Collateral Obligation File or other document constituting a part of a Collateral Obligation File shall be released from the possession of the Collateral Custodian.\n(iii) The Collateral Custodian shall maintain continuous custody of all Collateral Obligation Files in its possession in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of the Secured Parties therein. Each Collateral Obligation File which comes into the possession of the Collateral Agent (other than documents delivered electronically) shall be maintained in fire-resistant vaults or cabinets at the office of the Collateral Custodian specified in Annex A or at such other offices as shall be specified to the Agent and the Collateral Manager in a written notice at least thirty (30) days prior to such change. Each Collateral Obligation File shall be marked with an appropriate identifying label and maintained in such manner so as to permit retrieval and access by the Collateral Custodian and the Agent. The Collateral Custodian shall keep the Collateral Obligation Files clearly segregated from any other documents or instruments in its files.\n(iv) With respect to the documents comprising each Collateral Obligation File, the Collateral Custodian shall (i) act exclusively as Collateral Custodian for the Secured Parties, (ii) hold all documents constituting such Collateral Obligation File received by it for the exclusive use and benefit of the Secured Parties and (iii) make disposition thereof only in accordance with the terms of this Agreement or with written instructions furnished by the Agent; provided, that in the event of a conflict between the terms of this Agreement and the written instructions of the Agent, the Agent\u2019s written instructions shall control.\n(v) The Collateral Custodian shall accept only written instructions of an Executive Officer, in the case of the Borrower or the Collateral Manager, or a Responsible Officer, in the case of the Agent, concerning the use, handling and disposition of the Collateral Obligation Files.\n(vi) In the event that (i) the Borrower, the Agent, any Agent, the Collateral Manager, the Collateral Custodian or the Collateral Agent shall be served by a third party with any type of levy, attachment, writ or court order with respect to any Collateral Obligation File or a document included within a Collateral Obligation File or (ii) a third party shall institute any court proceeding by which any Collateral Obligation File or a document included within a Collateral Obligation File shall be required to be delivered other than in accordance with the provisions of this Agreement, the party receiving such service shall promptly deliver or cause to be delivered to the other parties to this Agreement (to the extent not prohibited by Applicable Law) copies of all court papers, orders, documents and other materials concerning such proceedings. The Collateral Custodian shall, to the extent permitted by law, continue to hold and maintain all the Collateral Obligation Files that are the subject of such proceedings pending a final, nonappealable order of a court of competent jurisdiction permitting or directing disposition thereof. Upon final determination of such court, the Collateral Custodian shall dispose of such Collateral Obligation File or a document included within such Collateral Obligation File as directed by the Agent in writing, which shall give a direction consistent with such determination. Expenses of the Collateral Custodian incurred as a result of such proceedings shall be borne by the Borrower.\n(vii) The Agent may direct the Collateral Custodian in writing to take any such incidental action hereunder. With respect to other actions which are incidental to the actions specifically delegated to the Collateral Custodian hereunder, the Collateral Custodian shall not be required to take any such incidental action hereunder, but shall be required to act or to refrain from acting (and shall be fully protected in acting or refraining from acting) upon the direction of the Agent; provided that the Collateral Custodian shall not be required to take any action hereunder at the request of the Agent, any Secured Parties or otherwise if the taking of such action, in the reasonable determination of the Collateral Custodian, (x) shall be in violation of any Applicable Law or contrary to any provisions of this Agreement or (y) shall expose the Collateral Custodian to liability hereunder or otherwise (unless it has received indemnity which it reasonably deems to be satisfactory with respect thereto). In the event the Collateral Custodian requests the consent of the Agent and the Collateral Custodian does not receive a consent (either positive or negative) from the Agent within ten (10) Business Days of its receipt of such request, then the Agent shall be deemed to have declined to consent to the relevant action.\n(viii) The Collateral Custodian shall not be liable for any action taken, suffered or omitted by it in accordance with the request or direction of any Secured Party, to the extent that this Agreement provides such Secured Party the right to so direct the Collateral Custodian, or the Agent. The Collateral Custodian shall not be deemed to have knowledge or notice of the occurrence of an Event of Default, Unmatured Event of Default, Unmatured Collateral Manager Event of Default or Collateral Manager Event of Default Event of Default unless the Collateral Custodian has received written notice from the Agent, Collateral Manager or the Borrower referring to this Agreement, describing such event and stating that such notice is a \u201cNotice of Event of Default,\u201d \u201cNotice of Unmatured Event of Default,\u201d \u201cNotice of Unmatured Collateral Manager Event of Default,\u201d or \u201cNotice of Collateral Manager Event of Default,\u201d as applicable. 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