Common use of Establishment of Collateral Account Clause in Contracts

Establishment of Collateral Account. The Custodian has established and will maintain on its books and records each Company’s (i) custodial accounts set forth on Schedule 1 hereto, which accounts and the assets credited thereto are pledged in favor of the Agent (collectively, the “Securities Account”), and (ii) deposit accounts set forth on Schedule 1 hereto, which accounts and the assets credited thereto are pledged in favor of the Agent (collectively, the “Deposit Account” and together with the Securities Account, the “Collateral Account”). The Custodian will credit to the Collateral Account any assets delivered to it by any Company pursuant to the Custodian Agreement except that Loan Documents and Identified Securities (as each such term is defined below) delivered to the Custodian shall be held by the Custodian upon the terms of Section 5. The Custodian shall have no responsibility for determining the adequacy of any Collateral required hereunder or under the Loan Agreement, nor will it assume responsibility for any calculations related to any Collateral requirements under the Loan Agreement.

Appears in 2 contracts

Samples: Control Agreement (FS Investment CORP), Control Agreement (FS Energy & Power Fund)

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Establishment of Collateral Account. The Custodian has established and will maintain on its books and records each Companythe Borrower’s (i) custodial accounts set forth on Schedule 1 heretoaccount, Account No. SSC Fund Number MCXC, which account and the assets credited thereto are pledged in favor of the Agent (the “Securities Account”), and (ii) deposit accounts, Account No. 00000000 and Account No. 00000000, which accounts and the assets credited thereto are pledged in favor of the Agent (collectively, the “Securities Account”), and (ii) deposit accounts set forth on Schedule 1 hereto, which accounts and the assets credited thereto are pledged in favor of the Agent (collectivelytogether, the “Deposit Account” and together with the Securities Account, the “Collateral Account”). The Custodian will credit to the Collateral Account any assets delivered to it by any Company the Borrower pursuant to the Custodian Agreement except that Loan Documents and Identified Securities (as each such term is defined below) delivered to the Custodian shall be held by the Custodian upon the terms of Section 5. The Custodian shall have no responsibility for determining the adequacy of any Collateral required hereunder or under the Loan Agreement, nor will it assume responsibility for any calculations related to any Collateral requirements under the Loan Agreement.

Appears in 1 contract

Samples: Control Agreement (Sierra Income Corp)

Establishment of Collateral Account. The Custodian has established and will maintain on its books and records each Companythe Borrower’s (i) custodial accounts account, Account No. FSDC, which account and the assets credited thereto are pledged in favor of the Agent (the “Securities Account”), and (ii) deposit accounts, set forth on Schedule 1 heretoI, which accounts and the assets credited thereto are pledged in favor of the Agent (collectively, the “Securities Account”), and (ii) deposit accounts set forth on Schedule 1 hereto, which accounts and the assets credited thereto are pledged in favor of the Agent (collectivelytogether, the “Deposit Account” and together with the Securities Account, the “Collateral Account”). The Custodian will credit to the Collateral Account any assets delivered to it by any Company the Borrower pursuant to the Custodian Agreement except that Loan Documents and Identified Securities (as each such term is defined below) delivered to the Custodian shall be held by the Custodian upon the terms of Section 5. The Custodian shall have no responsibility for determining the adequacy of any Collateral required hereunder or under the Loan Agreement, nor will it assume responsibility for any calculations related to any Collateral requirements under the Loan Agreement.

Appears in 1 contract

Samples: Control Agreement (FS Investment Corp II)

Establishment of Collateral Account. The Custodian has established and will maintain on its books and records each Companythe Borrower’s (i) custodial accounts set forth on Schedule 1 heretoaccount, Account No. 0000-000-0, which accounts account and the assets credited thereto are pledged in favor of the Agent (collectively, the “Securities Account”), and (ii) deposit accounts set forth on Schedule 1 heretoaccount, Account No. 0000-000-0, which accounts account and the assets credited thereto are pledged in favor of the Agent (collectivelytogether, the “Deposit Account” and together with the Securities Account, the “Collateral Account”). The Custodian will credit to the Collateral Account any assets delivered to it by any Company the Borrower pursuant to the Custodian Agreement except that Loan Documents and Identified Securities (as each such term is defined below) delivered to the Custodian shall be held by the Custodian upon the terms of Section 5. The Custodian shall have no responsibility for determining the adequacy of any Collateral required hereunder or under the Loan Agreement, nor will it assume responsibility for any calculations related to any Collateral requirements under the Loan Agreement.

Appears in 1 contract

Samples: Control Agreement (FS Investment CORP)

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Establishment of Collateral Account. The Custodian has established and will maintain on its books and records each Companythe Borrower’s (i) custodial accounts set forth on Schedule 1 heretoaccount, Account No. CNIA, which accounts account and the assets credited thereto are pledged in favor of the Agent (collectively, the “Securities Account”), and (ii) deposit accounts set forth on Schedule 1 heretoaccount, Account No. 00000000, which accounts account and the assets credited thereto are pledged in favor of the Agent (collectively, the “Deposit Account” and together with the Securities Account, the “Collateral Account”). The Custodian will credit to the Collateral Account any assets delivered to it by any Company the Borrower pursuant to the Custodian Agreement except that Loan Documents and Identified Securities (as each such term is defined below) delivered to the Custodian shall be held by the Custodian upon the terms of Section 5. The Custodian shall have no responsibility for determining the adequacy of any Collateral required hereunder or under the Loan Agreement, nor will it assume responsibility for any calculations related to any Collateral requirements under the Loan Agreement.

Appears in 1 contract

Samples: Control Agreement (Corporate Capital Trust, Inc.)

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