Common use of Release for Servicing Clause in Contracts

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H to release to the Servicer the related Required Asset Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 17 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the CollateralCollateral Portfolio, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H M, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Asset shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Agent, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.M.

Appears in 15 contracts

Samples: Loan and Servicing Agreement (SLR Investment Corp.), Loan and Servicing Agreement (SLR Investment Corp.), Loan and Servicing Agreement (SLR Senior Investment Corp.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit H E, to release to the Servicer Collateral Manager within two (2) Business Days of receipt of such request, the related Required Asset Documents Underlying Instruments or the documents set forth in such request and receipt to the ServicerCollateral Manager. All documents so released to the Servicer Collateral Manager shall be held by the Servicer Collateral Manager in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer Collateral Manager shall return to the Collateral Custodian the Required Asset Documents Underlying Instruments or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the ServicerCollateral Manager’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Asset Loan shall be liquidatedliquidated or sold, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation or sale from the Servicer Collateral Manager to the Collateral Custodian in the form annexed hereto as Exhibit HE, the ServicerCollateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the ServicerCollateral Manager.

Appears in 14 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.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit H E, to release to the Servicer Collateral Manager the related Required Asset Loan Documents or the documents set forth in such request and receipt to the ServicerCollateral Manager. All documents so released to the Servicer Collateral Manager shall be held by the Servicer Collateral Manager in trust for the Custodian for the benefit of the Administrative Agent Secured Parties in accordance with the terms of this Agreement. The Servicer Collateral Manager shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the ServicerCollateral Manager’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset Loan shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer Collateral Manager to the Collateral Custodian in the form annexed hereto as Exhibit HE, the ServicerCollateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the ServicerCollateral Manager.

Appears in 9 contracts

Samples: Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Kayne Anderson BDC, Inc.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the CollateralCollateral Portfolio, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H N, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Trustee, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Asset shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Trustee, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.N.

Appears in 7 contracts

Samples: Second Tier Purchase and Sale Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian Agent is hereby authorized (unless and until such authorization is revoked by the Administrative AgentAgent after the occurrence of an Event of Default), upon written receipt from the Servicer Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit H E, to release to the Servicer Collateral Manager within two (2) Business Days of receipt of such request, the related Required Asset Documents Underlying Instruments or the documents set forth in such request and receipt to the ServicerCollateral Manager. All documents so released to the Servicer Collateral Manager shall be held by the Servicer Collateral Manager in trust for the benefit of the Administrative Collateral Agent in accordance with the terms of this Agreement. The Servicer Collateral Manager shall return to the Collateral Custodian Agent the Required Asset Documents Underlying Instruments or other such documents (i) immediately promptly upon the request of the Administrative AgentAgent (after the occurrence of an Event of Default), or (ii) when the ServicerCollateral Manager’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Asset Loan shall be liquidatedliquidated or sold, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation or sale from the Servicer Collateral Manager to the Collateral Custodian Agent in the form annexed hereto as Exhibit HE, the ServicerCollateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian Agent to the ServicerCollateral Manager.

Appears in 6 contracts

Samples: Loan and Security Agreement (Crescent Capital BDC, Inc.), Loan and Security Agreement (Crescent Capital BDC, Inc.), Loan and Security Agreement (Crescent Capital BDC, Inc.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian Trustee is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H H, to release to the Servicer the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the Trustee for the benefit of the Administrative Agent Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian Trustee the Required Asset Loan Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset Loan shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian Trustee in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian Trustee to the Servicer.

Appears in 5 contracts

Samples: Loan and Servicing Agreement (NewStar Financial, Inc.), Loan and Servicing Agreement (NewStar Financial, Inc.), Secured Loan and Servicing Agreement (NewStar Financial, Inc.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the CollateralCollateral Portfolio, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H N, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer; provided that, the Servicer must get the Administrative Agent’s consent for the release of any underlying promissory notes and applicable assignments. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, Agent or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Asset shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Agent, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.N.

Appears in 5 contracts

Samples: Loan and Servicing Agreement (Business Development Corp of America), Loan and Servicing Agreement (Business Development Corp of America), Loan and Servicing Agreement (Business Development Corp of America)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the CollateralCollateral Portfolio, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H N, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Asset shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Agent, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.N.

Appears in 4 contracts

Samples: Loan and Servicing Agreement (Solar Capital Ltd.), Loan and Servicing Agreement (Solar Capital Ltd.), Loan and Servicing Agreement (Fifth Street Finance Corp)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent)authorized, upon written receipt from the Servicer of a written request for release of documents and receipt in the form annexed hereto as Exhibit H G and consented to by the Administrative Agent, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Documents or the documents Receivable Files set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents Receivable Files (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset Receivable shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit HG, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 4 contracts

Samples: Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent)) to, and shall, upon written receipt from the Servicer Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit H to G, release to the Servicer Collateral Manager within two (2) Business Days of receipt of such request, the related Required Asset Related Documents or the documents set forth in such request and receipt to the ServicerCollateral Manager. All documents so released to the Servicer Collateral Manager shall be held by the Servicer Collateral Manager in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer Collateral Manager shall return to the Collateral Custodian the Required Asset Related Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the ServicerCollateral Manager’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Asset Collateral Loan shall be liquidatedliquidated or sold, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation or sale from the Servicer Collateral Manager to the Collateral Custodian in the form annexed hereto as Exhibit HG, the ServicerCollateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the ServicerCollateral Manager.

Appears in 4 contracts

Samples: Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.), Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.), Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian Agent is hereby authorized (unless and until such authorization is revoked by the Administrative AgentAgent after the occurrence of an Event of Default), upon written receipt from the Servicer Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit H E, to release to the Servicer Collateral Manager within two (2) Business Days of receipt of such request, the related Required Asset Documents Underlying Instruments or the documents set forth in such request and receipt to the ServicerCollateral Manager. All documents so released to the Servicer Collateral Manager shall be held by the Servicer Collateral Manager in trust for the benefit of the Administrative Collateral Agent in accordance with the terms of this Agreement. The Servicer Collateral Manager shall return to the Collateral Custodian Agent the Required Asset Documents Underlying Instruments or other such documents (i) immediately promptly upon the request of the Administrative AgentAgent (after the occurrence of an Event of Default), or (ii) when the ServicerCollateral Manager’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Asset Loan shall be liquidatedliquidated or sold, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation or sale from the Servicer Collateral Manager to the Collateral Custodian Agent in the form annexed hereto as Exhibit HE, the ServicerCollateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian Agent to the ServicerCollateral Manager.

Appears in 3 contracts

Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Strategic Income Corp), Loan and Security Agreement (Fifth Street Senior Floating Rate Corp.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H L, to release to the Servicer the related Required Asset Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian Trustee is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H H, to release to the Servicer the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the Trustee for the benefit of the Administrative Agent Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian Trustee the Required Asset Loan Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian Trustee in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian Trustee to the Servicer.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the CollateralCollateral Portfolio, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H J, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Asset shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Agent, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.J.

Appears in 3 contracts

Samples: Loan and Servicing Agreement (Solar Capital Ltd.), Loan and Servicing Agreement (Solar Capital Ltd.), Loan and Servicing Agreement (Solar Senior Capital Ltd.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H H, to release to the Servicer the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset Loan shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent)) to, and shall, upon written receipt from the Servicer Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit H to E, release to the Servicer Collateral Manager within two Business Days of receipt of such request, the related Required Asset Related Documents or the documents set forth in such request and receipt to the ServicerCollateral Manager. All documents so released to the Servicer Collateral Manager shall be held by the Servicer Collateral Manager in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer Collateral Manager shall return to the Collateral Custodian the Required Asset Related Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the ServicerCollateral Manager’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Asset Collateral Loan shall be liquidatedliquidated or sold, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation or sale from the Servicer Collateral Manager to the Collateral Custodian in the form annexed hereto as Exhibit HE, the ServicerCollateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the ServicerCollateral Manager.

Appears in 2 contracts

Samples: Credit and Security Agreement (Logan Ridge Finance Corp.), Credit and Security Agreement (Capitala Finance Corp.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the CollateralAssets, the Collateral Custodian Trustee is hereby authorized (unless and until such authorization is revoked by the Administrative AgentAgent on or after the occurrence of a Termination Event or Unmatured Termination Event), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H H, to release to the Servicer Servicer, promptly upon receipt of such request, the related Required Asset Documents Loan Document or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Trustee, for the benefit of the Secured Parties, in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian Trustee the Required Asset Documents Loan Document or other such documents (i) after the occurrence of a Servicer Default or a Termination Event, immediately upon the request of the Administrative Agent, ; or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, exists unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian Trustee in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian Trustee to the Servicer.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (MCG Capital Corp), Sale and Servicing Agreement (MCG Capital Corp)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit H G, to release to the Servicer Collateral Manager within two (2) Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the ServicerCollateral Manager. All documents so released to the Servicer Collateral Manager shall be held by the Servicer Collateral Manager in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer Collateral Manager shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s Collateral Manager's need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset Loan shall be liquidated, in which case, upon receipt of the Collateral Manager shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer Collateral Manager to the Collateral Custodian Custodian, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.G.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the CollateralCollateral Portfolio, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H M, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Trustee, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Asset shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Trustee, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.M.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Ares Capital Corp), Loan and Servicing Agreement (Ares Capital Corp)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Custodian Pledged Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Collateral Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H 5(h) to release to the Servicer the related Required Asset Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Collateral Agent in accordance with the terms of this Pledge Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents (i) immediately upon the request of the Administrative Collateral Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H5(h), the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 2 contracts

Samples: Amended Pledge Agreement (Capitalsource Inc), Amended Pledge Agreement (Capitalsource Inc)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Custodian Pledged Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H 5(h) to release to the Servicer the related Required Asset Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Pledge Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H5(h), the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 1 contract

Samples: Pledge Agreement (Capitalsource Inc)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian Agent is hereby authorized (unless and until such authorization is revoked by the Administrative AgentAgent after the occurrence of an Event of Default), upon written receipt from the Servicer Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit H D, to release to the Servicer Collateral Manager within two (2) Business Days of receipt of such request, the related Required Asset Documents Underlying Instruments or the documents set forth in such request and receipt to the ServicerCollateral Manager. All documents so released to the Servicer Collateral Manager shall be held by the Servicer Collateral Manager in trust for the benefit of the Administrative Collateral Agent in accordance with the terms of this Agreement. The Servicer Collateral Manager shall return to the Collateral Custodian Agent the Required Asset Documents Underlying Instruments or other such documents (i) immediately promptly upon the request of the Administrative AgentAgent (after the occurrence of an Event of Default), or (ii) when the ServicerCollateral Manager’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Asset Loan shall be liquidatedliquidated or sold, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation or sale from the Servicer Collateral Manager to the Collateral Custodian Agent in the form annexed hereto as Exhibit HD, the ServicerCollateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian Agent to the ServicerCollateral Manager.

Appears in 1 contract

Samples: Loan and Security Agreement (Stepstone Private Credit Fund LLC)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the CollateralAssets, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H L, to release to the Servicer the related Required Asset Documents Loan Document or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents Loan Document or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s 's need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s 's request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 1 contract

Samples: Loan Certificate and Servicing Agreement (Capitalsource Inc)

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Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H G, to release to the Servicer within two (2) Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset Loan shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Custodian, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.G.

Appears in 1 contract

Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian Trustee is hereby authorized (unless and until such authorization is revoked by the Administrative AgentAgent after the occurrence and during the continuation of an Event of Default), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H E, to release to the Servicer within two (2) Business Days of receipt of such request, the related Required Asset Documents Underlying Instruments or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Trustee in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian Trustee the Required Asset Documents Underlying Instruments or other such documents (i) immediately promptly upon the request of the Administrative AgentAgent (after the occurrence and during the continuation of an Event of Default), or (ii) when the Servicer’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Asset Loan shall be liquidatedliquidated or sold, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation or sale from the Servicer to the Collateral Custodian Trustee in the form annexed hereto as Exhibit HE, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian Trustee to the Servicer.

Appears in 1 contract

Samples: Loan and Security Agreement (NewStar Financial, Inc.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the CollateralCollateral Portfolio, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H L, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Asset shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Agent, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.L.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Ares Capital Corp)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the CollateralCollateral Portfolio, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H L, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request 155 and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Asset shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Agent, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.L.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Ares Capital Corp)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent)) to, and shall, upon written receipt from the Servicer Borrower of a request for release of documents and receipt in the form annexed hereto as Exhibit H to E, release to the Servicer Borrower within two (2) Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the ServicerBorrower. All documents so released to the Servicer Borrower shall be held by the Servicer Borrower in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer Borrower shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the ServicerBorrower’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Asset Loan shall be liquidatedliquidated or sold, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation or sale from the Servicer Borrower to the Collateral Custodian in the form annexed hereto as Exhibit HE, the ServicerBorrower’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the ServicerBorrower.

Appears in 1 contract

Samples: Credit Agreement (Brightwood Capital Corp I)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the CollateralAssets, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H H, to release to the Servicer the related Required Asset Documents Loan Document or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents Loan Document or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, exists unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 1 contract

Samples: Loan Certificate and Servicing Agreement (Capitalsource Inc)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the CollateralCollateral Portfolio, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H M, to release to the Servicer within two Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Asset shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of 161 DMSLIBRARY01\30388519.v8 documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Agent, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.M.

Appears in 1 contract

Samples: Loan and Servicing Agreement (TCG Bdc, Inc.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H G, to release to the Servicer within two (2) Business Days of receipt of such request, the related Required Asset Loan Documents or the documents set forth in such request and USActive 57833767.7 150 receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Loan Documents or other such documents (i) immediately promptly upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset Loan shall be liquidated, in which case, upon receipt of the Servicer shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Servicer to the Collateral Custodian Custodian, all in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.G.

Appears in 1 contract

Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, each of the Collateral Trustee and Document Custodian is hereby authorized (unless provided that upon the occurrence and until during the continuance of an Event of Default such authorization is may be revoked in writing by the Administrative Agent), upon written receipt from the Collateral Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H G, to release to the Collateral Servicer the related Required Asset specified Related Documents or the documents set forth in such request and receipt to the Collateral Servicer. All documents so released to the Collateral Servicer shall be held by the Collateral Servicer in trust for the Trustee for the benefit of the Administrative Agent Secured Parties in accordance with the terms of this Agreement. The Collateral Servicer shall return to the Collateral Document Custodian the Required Asset Related Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Collateral Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset Collateral Loan shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Collateral Servicer to the Collateral Trustee and Document Custodian in the form annexed hereto as Exhibit HG, the Collateral Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Document Custodian to the Collateral Servicer.

Appears in 1 contract

Samples: Credit and Security Agreement (NewStar Financial, Inc.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the Collateral, the Collateral Custodian is hereby authorized (unless and until 123 such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H to release to the Servicer the related Required Asset Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative AgentAgent after the occurrence of an Event of Default), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H D, to release to the Servicer within two (2) Business Days of receipt of such request, the related Required Asset Documents Underlying Instruments or the documents set forth in such request and receipt to from the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Collateral Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian Agent the Required Asset Documents Underlying Instruments or other such documents (i) immediately promptly upon the request of the Administrative AgentAgent (after the occurrence of an Event of Default), or (ii) when the Servicer’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Asset Loan shall be liquidatedliquidated or sold, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation or sale from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit HD, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 1 contract

Samples: Loan and Security Agreement (Owl Rock Core Income Corp.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H to release to the Servicer the related Required Asset Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the 130 terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H to release to the Servicer the related Required Asset Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the 116 terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H to release to the Servicer the related Required Asset Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the 123 terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing any of the CollateralAssets, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H H, to release to the Servicer the related Required Asset Documents Loan Document or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents Loan Document or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s 's need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s 's request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

Appears in 1 contract

Samples: Certificate and Servicing Agreement (Capitalsource Inc)

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