Instructions Regarding Payments. The Borrower (and the Portfolio Asset Servicer on its behalf) shall not make any change in its instructions to the Obligors or any agent, administrative agent, Counterparty Lender, Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset, as applicable, regarding payments to be made with respect to the related Portfolio Asset to the Collection Account, as applicable, unless the Majority Lenders have directed, or otherwise has consented in writing to, such change.
Appears in 4 contracts
Samples: Loan and Servicing Agreement (ACRES Commercial Realty Corp.), Loan and Servicing Agreement (ACRES Commercial Realty Corp.), Loan and Servicing Agreement (ACRES Commercial Realty Corp.)
Instructions Regarding Payments. The Borrower (and the Portfolio Asset Servicer on its behalf) shall not make any change in its instructions to the Obligors or any agent, administrative agent, Counterparty Lender, Underlying Agent, Underlying Servicer or issuer of any Portfolio Loan Asset, as applicable, regarding payments to be made with respect to the related Portfolio Asset to the Collection Account, as applicable, unless the Majority Lenders have directed, or otherwise has have consented in writing to, such change.
Appears in 1 contract
Samples: Loan and Servicing Agreement (FS Credit Real Estate Income Trust, Inc.)
Instructions Regarding Payments. The Borrower (and the Portfolio Asset Servicer on its their behalf) shall will not make any change in its instructions to the Obligors or any agent, administrative agent, Counterparty Lender, Underlying Agent, Agent or Underlying Servicer or issuer of any Portfolio AssetServicer, as applicable, regarding payments to be made with respect to the related Portfolio Asset to the Collection Account, as applicable, unless the Majority Lenders have directed, or otherwise has have consented in writing to, to such change.
Appears in 1 contract
Samples: Loan and Servicing Agreement (Business Development Corp of America)
Instructions Regarding Payments. The Borrower (and the Portfolio Asset Servicer on its behalf) shall will not make any change in its instructions to (i) in the case of any Loan Asset, the Obligors or any agent, administrative agent, Counterparty Lender, Lender or Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset, as applicable, and/or (ii) in the case of any Equity Investment, the relevant Person who has issued Equity Interests of any Equity Investment regarding payments to be made with respect to the related Portfolio Asset to the Collection Account, as applicable, unless the Majority Lenders have directed, or otherwise has consented in writing to, to such change.
Appears in 1 contract
Samples: Loan and Servicing Agreement (Stepstone Private Credit Fund LLC)
Instructions Regarding Payments. The Borrower (and the Portfolio Asset Servicer on its behalf) shall not make any change in its instructions to the Obligors or any agent, administrative agent, Counterparty Lender, Underlying Agent, Underlying Servicer or issuer of any Portfolio Loan Asset, as applicable, regarding payments to be made with respect to the related Portfolio Asset to the Underlying Servicer Account or the Collection Account, as applicable, unless the Majority Lenders have directed, or otherwise has have consented in writing to, such change.
Appears in 1 contract
Samples: Loan and Servicing Agreement (Cim Real Estate Finance Trust, Inc.)
Instructions Regarding Payments. The Borrower (and the Portfolio Asset Servicer on its behalf) shall not make any change in its instructions to the Obligors or any agent, administrative agent, Counterparty Lender, Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset, as applicable, regarding payments to be made with respect to the related Portfolio Asset to the Collection Account, as applicable, unless the Majority Lenders have directed, or otherwise has have consented in writing to, such change.
Appears in 1 contract
Samples: Loan and Servicing Agreement (ACRES Commercial Realty Corp.)
Instructions Regarding Payments. The Borrower (and will not make any change, or permit the Portfolio Asset Servicer on its behalf) shall not to make any change change, in its instructions to the Obligors or any agent, administrative agent, Counterparty Lender, Lender or Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset, as applicable, regarding payments to be made with respect to the related Portfolio Asset to the Collection Account, as applicable, unless the Majority Lenders have directed, or otherwise has consented in writing to, such change.with
Appears in 1 contract
Samples: Loan and Servicing Agreement (Carlyle Secured Lending III)
