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 to, and shall, upon receipt from the Borrower and the Administrative Agent of a joint written request to release Loan Documents in the form of Exhibit G (each, a “Request of Release of Loan Documents”), release to the Borrower within two (2) Business Days of receipt of such Request of Release of Loan Documents, the related Loan Documents or the documents set forth in such Request of Release of Loan Documents; provided, however, that if the Borrower and the Administrative Agent deliver any such Request of Release of Loan Documents with respect to Loan Documents for more than twenty-five (25) Loans, then the two (2) Business Days period shall be a time period that is mutually acceptable to the Borrower, the Administrative Agent and the Collateral Custodian (which acceptance may be conclusively confirmed by e-mail). All documents so released to the Borrower shall be held by the Borrower in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Borrower shall return to the Collateral Custodian the Loan Documents or other such documents (i) promptly upon the request of the Administrative Agent, or (ii) when the Borrower’s need therefor in connection with such enforcement or servicing no longer exists, unless the Loan shall be liquidated or sold, in which case, upon receipt of an additional Request of Release of Loan Documents signed by the Borrower and the Administrative Agent certifying as to such liquidation or sale, the Loan Documents subject to such liquidation or sale shall be released by the Collateral Custodian to the Borrower.

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 to, (unless and shalluntil such authorization is revoked by the Administrative Agent after the occurrence of an Event of Default), upon written receipt from the Borrower Collateral Manager of a request for release of documents and receipt in the form annexed hereto as Exhibit E signed by the Collateral Manager and the Administrative Agent of a joint written request Agent, to release Loan Documents in the form of Exhibit G (each, a “Request of Release of Loan Documents”), release to the Borrower Collateral Manager within two (2) Business Days of receipt of such Request of Release of Loan Documentsrequest, the related Loan Documents Underlying Instruments or the documents set forth in such Request of Release of Loan Documents; provided, however, that if the Borrower request and the Administrative Agent deliver any such Request of Release of Loan Documents with respect to Loan Documents for more than twenty-five (25) Loans, then the two (2) Business Days period shall be a time period that is mutually acceptable receipt to the Borrower, the Administrative Agent and the Collateral Custodian (which acceptance may be conclusively confirmed by e-mail)Manager. All documents so released to the Borrower Collateral Manager shall be held by the Borrower Collateral Manager in trust for the benefit of the Administrative Collateral Agent in accordance with the terms of this Agreement. The Borrower Collateral Manager shall return to the Collateral Custodian Agent the 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 BorrowerCollateral Manager’s need therefor in connection with such enforcement or servicing no longer exists, unless the Loan shall be liquidated or sold, in which case, upon receipt of an additional Request request for release of Release of Loan Documents signed by the Borrower documents and the Administrative Agent receipt certifying as to such liquidation or sale, the Loan Documents subject to such liquidation or sale from the Collateral Manager to the Collateral Agent in the form annexed hereto as Exhibit E, the Collateral Manager’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian Agent to the BorrowerCollateral Manager.

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 Borrower and the Administrative Agent Collateral Manager of a joint written request to for release Loan Documents of documents and receipt in the form of annexed hereto as Exhibit G (each, a “Request of Release of Loan Documents”)E, release to the Borrower within two (2) Business Days of receipt of such Request of Release of Loan Documentsrequest, the related Required Loan Documents or the documents set forth in such Request of Release of Loan Documents; provided, however, that if the Borrower request and the Administrative Agent deliver any such Request of Release of Loan Documents with respect to Loan Documents for more than twenty-five (25) Loans, then the two (2) Business Days period shall be a time period that is mutually acceptable receipt to the Borrower, the Administrative Agent and the Collateral Custodian (which acceptance may be conclusively confirmed by e-mail). All documents so released to the Borrower shall be held by the Borrower in trust for the benefit of the Administrative Agent on behalf of the Secured Parties, in accordance with the terms of this Agreement. The 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 Borrower’s need therefor in connection with such enforcement or servicing no longer exists, unless the Loan shall be liquidated or sold, in which case, upon receipt of an additional Request request for release of Release of Loan Documents signed by the Borrower documents and the Administrative Agent receipt certifying as to such liquidation or sale, the Loan Documents subject to such liquidation or sale from the Borrower to the Collateral Custodian in the form annexed hereto as Exhibit 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

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 Borrower and the Administrative Agent Collateral Manager of a joint written request to for release Loan Documents of documents and receipt in the form of annexed hereto as Exhibit G (each, a “Request of Release of Loan Documents”)E, release to the Borrower within two (2) Business Days of [FS Investment] Loan and Security Agreement receipt of such Request of Release of Loan Documentsrequest, the related Required Loan Documents or the documents set forth in such Request of Release of Loan Documents; provided, however, that if the Borrower request and the Administrative Agent deliver any such Request of Release of Loan Documents with respect to Loan Documents for more than twenty-five (25) Loans, then the two (2) Business Days period shall be a time period that is mutually acceptable receipt to the Borrower, the Administrative Agent and the Collateral Custodian (which acceptance may be conclusively confirmed by e-mail). All documents so released to the Borrower shall be held by the Borrower in trust for the benefit of the Administrative Agent on behalf of the Secured Parties, in accordance with the terms of this Agreement. The 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 Borrower’s need therefor in connection with such enforcement or servicing no longer exists, unless the Loan shall be liquidated or sold, in which case, upon receipt of an additional Request request for release of Release of Loan Documents signed by the Borrower documents and the Administrative Agent receipt certifying as to such liquidation or sale, the Loan Documents subject to such liquidation or sale from the Borrower to the Collateral Custodian in the form annexed hereto as Exhibit 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.