Common use of Release for Servicing Clause in Contracts

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 Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit G, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Collateral Manager shall return to the Collateral Custodian the Required Loan Documents or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral Manager's need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan shall be liquidated, in which case, the Collateral Manager shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Collateral Manager to the Collateral Custodian, all in the form annexed hereto as Exhibit G.

Appears in 2 contracts

Sources: 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 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 Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GD, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents Underlying Instruments or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties Agent in accordance with the terms of this Agreement. The Collateral Manager shall return to the Collateral Custodian Agent the Required Loan Documents Underlying Instruments or other such documents (i) promptly upon the request of the Administrative AgentAgent (after the occurrence of an Event of Default), or (ii) when the Collateral Manager's ’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral Manager to the Collateral Custodian, all Agent in the form annexed hereto as Exhibit G.D, the Collateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Agent to the Collateral Manager.

Appears in 2 contracts

Sources: Loan and Security Agreement (Stepstone Private Credit Fund LLC), Loan and Security Agreement (Stepstone Private Credit 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 Document Agent is hereby authorized (unless and until such authorization is revoked by the Administrative Agent)) to, and shall, upon written receipt from the Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GE, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the benefit of the Collateral Agent, Administrative Agent on behalf of the Secured Parties Parties, in accordance with the terms of this Agreement. The Collateral Manager shall return to the Collateral Custodian Document Agent the Required Loan Documents or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral Manager's ’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral Manager to the Collateral Custodian, all Document Agent in the form annexed hereto as Exhibit G.E, the Collateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Document Agent to the Collateral Manager.

Appears in 2 contracts

Sources: Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC), Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending 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 is hereby authorized (unless and until such authorization is revoked by the Administrative Agent)) to, and shall, upon written receipt from the Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GE, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the benefit of the Collateral Agent, Agent on behalf of the Secured Parties Parties, in accordance with the terms of this Agreement. The Collateral Manager shall return to the Collateral Custodian the Required Loan Documents or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral Manager's ’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral Manager to the Collateral Custodian, all Custodian in the form annexed hereto as Exhibit G.E, the Collateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Custodian to the Collateral Manager.

Appears in 2 contracts

Sources: Loan and Security Agreement (PennantPark Private Income Fund), Loan and Security Agreement (PennantPark Private Income Fund)

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 of an Event of Default), upon written receipt from the Collateral Loan Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GE, to release to the Collateral Loan Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents Underlying Instruments or the documents set forth in such request and receipt to the Collateral Loan Manager. All documents so released to the Collateral Loan Manager shall be held by the Collateral Loan Manager in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties Trustee in accordance with the terms of this Agreement. The Collateral Loan Manager shall return to the Collateral Custodian Trustee the Required Loan Documents Underlying Instruments or other such documents (i) promptly upon the request of the Administrative AgentAgent (after the occurrence of an Event of Default), or (ii) when the Collateral Loan Manager's ’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral Loan Manager to the Collateral Custodian, all Trustee in the form annexed hereto as Exhibit G.E, the Loan Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Trustee to the Loan Manager.

Appears in 1 contract

Sources: Loan and Security Agreement (OFS Capital, LLC)

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

Appears in 1 contract

Sources: Credit Agreement (Antares Strategic Credit Fund)

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 Collateral Manager of a request for release of documents and receipt in the form annexed hereto as of Exhibit GLEXHIBIT L, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Collateral Manager shall return to the Collateral Custodian the Required Loan Documents or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral Manager's ’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan Collateral Asset shall be liquidated, in which case, the Collateral Manager shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Collateral Manager to the Collateral Custodian, all in the form annexed hereto as of Exhibit G.LEXHIBIT L.

Appears in 1 contract

Sources: Loan and Servicing Agreement (KKR Enhanced US Direct Lending Fund-L Inc.)

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

Appears in 1 contract

Sources: Credit Agreement (AB Private Credit Investors 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 Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GE, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents Underlying Instruments or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties Administrative Agent in accordance with the terms of this Agreement. The Collateral Manager shall return to the Collateral Custodian the Required Loan Documents Underlying Instruments or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral Manager's ’s need therefor in USActive 37382726.2937382726.32 113 connection with such foreclosure enforcement or servicing no longer exists, unless the Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral Manager to the Collateral Custodian, all Custodian in the form annexed hereto as Exhibit G.E, the Collateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Collateral Manager.

Appears in 1 contract

Sources: Loan and Security Agreement (New Mountain 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)) to, and shall, upon written receipt from the Collateral InvestmentCollateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GE, to release to the Collateral InvestmentCollateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents or the documents set forth in such request and receipt to the Collateral InvestmentCollateral Manager. All documents so released to the Collateral InvestmentCollateral Manager shall be held by the Collateral InvestmentCollateral Manager in trust for the benefit of the Collateral Agent, Administrative Agent on behalf of the Secured Parties Parties, in accordance with the terms of this Agreement. The Collateral InvestmentCollateral Manager shall return to the Collateral Custodian the Required Loan Documents or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral InvestmentCollateral Manager's ’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral InvestmentCollateral Manager to the Collateral Custodian, all Custodian in the form annexed hereto as Exhibit G.E, the InvestmentCollateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the InvestmentCollateral Manager.

Appears in 1 contract

Sources: Loan, Security and Investment Management Agreement (Investcorp Credit Management BDC, Inc.)

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

Appears in 1 contract

Sources: Loan, Security and Investment Management Agreement (Investcorp US Institutional Private Credit Fund)

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 Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit G, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Collateral Manager shall return to the Collateral Custodian the Required Loan Documents or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral Manager's ’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Loan shall be liquidated, in which case, the Collateral Manager shall deliver an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation from the Collateral Manager to the Collateral Custodian, all in the form annexed hereto as Exhibit G.

Appears in 1 contract

Sources: Loan and Servicing Agreement (Franklin BSP Capital Corp)

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

Appears in 1 contract

Sources: Facility Agreement (AB Private Credit Investors 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 Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GE, to release to the Collateral Manager Borrower within two (2) Business Days of receipt of such request, the related Required Loan Documents or the documents set forth in such request and receipt to the Collateral ManagerBorrower. All documents so released to the Collateral Manager Borrower shall be held by the Collateral Manager Borrower in trust for the benefit of the Collateral Agent, Administrative Agent on behalf of the Secured Parties Parties, in accordance with the terms of this Agreement. The Collateral Manager Borrower shall return to the Collateral Custodian the Required Loan Documents or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral Manager's Borrower’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral Manager Borrower to the Collateral Custodian, all Custodian in the form annexed hereto as Exhibit G.E, the Collateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Borrower. [FS Investment] Loan and Security Agreement

Appears in 1 contract

Sources: Loan and Security Agreement (FS Investment Corp IV)

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 Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GE signed by the Collateral Manager and the Administrative Agent, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents Underlying Instruments or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties Agent in accordance with the terms of this Agreement. The Collateral Manager shall return to the Collateral Custodian Agent the Required Loan Documents Underlying Instruments or other such documents (i) promptly upon the request of the Administrative AgentAgent (after the occurrence of an Event of Default), or (ii) when the Collateral Manager's ’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral Manager to the Collateral Custodian, all Agent in the form annexed hereto as Exhibit G.E , the Collateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Agent to the Collateral Manager.

Appears in 1 contract

Sources: Loan and Security Agreement (Oaktree Specialty Lending Corp)

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

Appears in 1 contract

Sources: Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Collateral, the Document Custodian and the Collateral Custodian is Administrator are hereby authorized (unless and until such authorization is revoked by the Administrative Agent)) to, and shall, upon written receipt from the Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GE, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan applicable Related Documents delivered to it or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties Administrative Agent in accordance with the terms of this Agreement. The Collateral Manager shall return to the Document Custodian or the Collateral Custodian Administrator, as 750499896 22723957 applicable, the Required Loan Related Documents held by such party or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral Manager's ’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Collateral Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral Manager to the Document Custodian and the Collateral CustodianAdministrator, all as applicable, in the form annexed hereto as Exhibit G.E, the Collateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Document Custodian and the Collateral Administrator, as applicable, to the Collateral Manager.

Appears in 1 contract

Sources: Credit Agreement (Main Street 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 124 USActive 60440347.7 (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit GE, to release to the Collateral Manager within two (2) Business Days of receipt of such request, the related Required Loan Documents Underlying Instruments or the documents set forth in such request and receipt to the Collateral Manager. All documents so released to the Collateral Manager shall be held by the Collateral Manager in trust for the Collateral Custodian for the benefit of the Collateral Agent, on behalf of the Secured Parties Administrative Agent in accordance with the terms of this Agreement. The Collateral Manager shall return to the Collateral Custodian the Required Loan Documents Underlying Instruments or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Collateral Manager's ’s need therefor in connection with such foreclosure enforcement or servicing no longer exists, unless the Loan shall be liquidatedliquidated or sold, in which case, the Collateral Manager shall deliver upon receipt of an additional request for release of documents to the Collateral Custodian and receipt certifying such liquidation or sale from the Collateral Manager to the Collateral Custodian, all Custodian in the form annexed hereto as Exhibit G.E, the Collateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Collateral Manager.

Appears in 1 contract

Sources: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)