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 Related Contracts or the related Collateral, so long as no Event of Default then exists, the Document Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Services Provider of a request for release of documents and receipt in the form annexed hereto as Exhibit H, to release to the Services Provider within five Business Days of receipt of such request, the relevant Related Contracts set forth in such request. All documents so released to the Services Provider shall be held by the Services Provider in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Services Provider shall return to the Document Custodian the Related Contracts when the Services Provider’s need therefor in connection with such enforcement or servicing no longer exists, unless the relevant Collateral shall be liquidated, in which case, the Services Provider shall deliver an additional request for release of documents to the Document Custodian and receipt certifying such liquidation from the Services Provider to the Collateral Agent and the Document Custodian, all in the form annexed hereto as Exhibit H.

Appears in 5 contracts

Samples: Credit Agreement (Blue Owl Capital Corp), Credit Agreement (Owl Rock Capital Corp), Credit Agreement (Owl Rock Capital Corp)

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Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Related Contracts or the related Collateral, so long as no Event of Default then exists, the Document Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent)authorized, upon written receipt from the Services Provider Servicer of a written request for release of documents and receipt in the form annexed hereto as Exhibit HG and consented to by the Administrative Agent, to release to the Services Provider Servicer (or the Sub-Servicer) within five two Business Days of receipt of such request, the relevant Related Contracts related Required Receivable Files set forth in such requestrequest and receipt to the Servicer. All documents so released to the Services Provider Servicer shall be held by the Services Provider Servicer 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 Services Provider Servicer shall return to the Document Collateral Custodian the Related Contracts Required Receivable Files (i) promptly upon the request of the Administrative Agent, or (ii) when the Services ProviderServicer’s need therefor in connection with such enforcement foreclosure or servicing no longer exists, unless the relevant Collateral Receivable shall be liquidated, in which case, the Services Provider shall deliver upon receipt of an additional request for release of documents to the Document Custodian and receipt certifying such liquidation from the Services Provider Servicer to the Collateral Agent and the Document Custodian, all Custodian in the form annexed hereto as Exhibit H.G, 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: Revolving Credit Agreement (CLST Holdings, Inc.), Revolving Credit Agreement (CLST Holdings, Inc.)

Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Related Contracts or the related Collateral, so long as no Event of Default then exists, the Document Custodian Trustee is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Services Provider Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H, to release to the Services Provider Servicer within five 2 Business Days of receipt of such request, the relevant Related Contracts related Required Loan Documents or the documents set forth in such requestrequest and receipt to the Servicer. All documents so released to the Services Provider Servicer shall be held by the Services Provider Servicer 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 Services Provider Servicer shall return to the Document Custodian Trustee the Related Contracts Required Loan Documents or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Services ProviderServicer’s need therefor in connection with such enforcement foreclosure or servicing no longer exists, unless the relevant Collateral Loan shall be liquidated, in which case, the Services Provider shall deliver upon receipt of an additional request for release of documents to the Document Custodian and receipt certifying such liquidation from the Services Provider Servicer to the Collateral Agent and the Document Custodian, all Trustee in the form annexed hereto as Exhibit H.H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Trustee to the Servicer.

Appears in 2 contracts

Samples: 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 Related Contracts or the related Collateral, so long as no Event of Default then exists, the Document Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Services Provider Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit HE, to release to the Services Provider within five Business Days of receipt of such request, Collateral Manager the relevant Related Contracts related Required Loan Documents or the documents set forth in such requestrequest and receipt to the Collateral Manager. All documents so released to the Services Provider Collateral Manager shall be held by the Services Provider Collateral Manager in trust for the Custodian for the benefit of the Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Services Provider Collateral Manager shall return to the Document Custodian the Related Contracts Required Loan Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Services ProviderCollateral Manager’s need therefor in connection with such enforcement foreclosure or servicing no longer exists, unless the relevant Collateral Loan shall be liquidated, in which case, the Services Provider shall deliver upon receipt of an additional request for release of documents to the Document Custodian and receipt certifying such liquidation from the Services Provider Collateral Manager to the Collateral Agent and the Document Custodian, all Custodian in the form annexed hereto as Exhibit H.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. (b)

Appears in 1 contract

Samples: Loan and Security Agreement (Nuveen Churchill Direct Lending Corp.)

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Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Related Contracts Required Loan Documents or the related Collateral, so long as no Event of Default then exists, the Document Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative AgentControlling Parties during the continuance of an Event of Default), upon written receipt from the Services Provider Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit HJ, to release to the Services Provider Servicer within five two Business Days of receipt of such request, the relevant Related Contracts Required Loan Documents set forth in such request. All documents so released to the Services Provider Servicer shall be held by the Services Provider in trust Servicer for the benefit of the Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Services Provider Servicer shall return to the Document Custodian the Related Contracts Required Loan Documents when the Services Provider’s Servicer's need therefor in connection with such enforcement or servicing no longer exists, unless the relevant Collateral shall be liquidatedliquidated or otherwise sold or transferred, in which case, the Services Provider Servicer shall deliver an additional request for release of documents to the Document Custodian and receipt certifying such liquidation liquidation, sale or transfer from the Services Provider Servicer to the Collateral Agent and the Document Custodian, all in the form annexed hereto as Exhibit H.J.

Appears in 1 contract

Samples: Credit Agreement (Ares Strategic Income Fund)

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