Payments to Collection Account. On or before the applicable Cut-Off Date, the Borrower shall have instructed all Obligors or the relevant agents, as the case may be, to make all payments in respect of the Collateral directly to the Collection Account; provided that the Borrower is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the “lead borrower” or another such similar term) unless and until the Borrower calls on the related guaranty or secondary obligation.
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Samples: Loan and Servicing Agreement (Star Mountain Lower Middle-Market Capital Corp), Loan and Servicing Agreement (Star Mountain Lower Middle-Market Capital Corp), Loan and Servicing Agreement (Star Mountain Lower Middle-Market Capital Corp)
Payments to Collection Account. On or before the applicable Cut-Off Date, the Borrower shall have instructed all Obligors Obligors, administrative agents or the relevant agents, as the case may be, other agents with respect to a Loan Asset to make all payments in respect of the Collateral Portfolio directly to the Collection Account; provided that that, the Borrower is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the “lead borrower” or another such similar term) unless and until the Borrower calls on the related guaranty or secondary obligation.
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