{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "term-of-the", "type": "clause", "offset": [40, 51]}, {"key": "applicable-to", "type": "definition", "offset": [96, 109]}, {"key": "securities-intermediary", "type": "clause", "offset": [113, 136]}, {"key": "the-collateral-agent", "type": "definition", "offset": [186, 206]}, {"key": "in-connection-with", "type": "clause", "offset": [277, 295]}, {"key": "the-acquisition", "type": "clause", "offset": [296, 311]}, {"key": "by-the-borrower", "type": "clause", "offset": [312, 327]}, {"key": "the-grant", "type": "definition", "offset": [332, 341]}, {"key": "security-interest", "type": "clause", "offset": [363, 380]}, {"key": "any-loan", "type": "clause", "offset": [409, 417]}, {"key": "the-documents", "type": "clause", "offset": [460, 473]}, {"key": "of-the-borrower", "type": "clause", "offset": [521, 536]}, {"key": "to-determine", "type": "clause", "offset": [640, 652]}, {"key": "compliance-with", "type": "clause", "offset": [663, 678]}, {"key": "applicable-requirements", "type": "clause", "offset": [683, 706]}, {"key": "restrictions-on-transfer", "type": "clause", "offset": [713, 737]}, {"key": "including-without-limitation", "type": "clause", "offset": [739, 767]}, {"key": "necessary-consents", "type": "definition", "offset": [772, 790]}, {"key": "agent-shall", "type": "definition", "offset": [808, 819]}, {"key": "agent-hereunder", "type": "clause", "offset": [906, 921]}, {"key": "custodial-agent", "type": "definition", "offset": [925, 940]}, {"key": "the-secured-parties", "type": "clause", "offset": [945, 964]}, {"key": "in-accordance-with", "type": "clause", "offset": [965, 983]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [988, 1011]}], "snippet": "Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a \u201csecurities intermediary\u201d as defined in the UCC) to the contrary, none of the Collateral Agent nor any Securities Intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the grant by the Borrower of a security interest to the Collateral Agent, of any Loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Underlying Instruments, or otherwise to examine the Underlying Instruments, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Collateral Agent shall hold any Instrument delivered to it evidencing any Loan transferred to the Collateral Agent hereunder as custodial agent for the Secured Parties in accordance with the terms of this Agreement.", "samples": [{"hash": "dQBgVMVKstN", "uri": "/contracts/dQBgVMVKstN#underlying-instruments", "label": "Loan and Security Agreement (Kayne Anderson BDC, Inc.)", "score": 37.1642723083, "published": true}, {"hash": "7XNhkHvvHHL", "uri": "/contracts/7XNhkHvvHHL#underlying-instruments", "label": "Loan and Security Agreement (Kayne Anderson BDC, Inc.)", "score": 36.1676940918, "published": true}, {"hash": "7LQSAtcvJ8K", "uri": "/contracts/7LQSAtcvJ8K#underlying-instruments", "label": "Loan and Security Agreement (Kayne Anderson BDC, Inc.)", "score": 36.1321029663, "published": true}], "size": 81, "hash": "ea0c4772cd78d2cb6d5ce73b34a405d5", "id": 1}, {"snippet_links": [{"key": "the-collateral-custodian", "type": "definition", "offset": [0, 24]}, {"key": "dispose-of", "type": "definition", "offset": [34, 44]}, {"key": "the-performance", "type": "clause", "offset": [139, 154]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [202, 228]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [278, 308]}], "snippet": "The Collateral Custodian will not dispose of any documents constituting the Underlying Instruments in any manner that is inconsistent with the performance of its obligations as the Collateral Custodian pursuant to this Agreement and will not dispose of any Collateral except as contemplated by this Agreement.", "samples": [{"hash": "8cWoGXJS5Ag", "uri": "/contracts/8cWoGXJS5Ag#underlying-instruments", "label": "Loan, Security and Collateral Management Agreement (Investcorp Credit Management BDC, Inc.)", "score": 37.34770705, "published": true}, {"hash": "gdCbQCb31Rm", "uri": "/contracts/gdCbQCb31Rm#underlying-instruments", "label": "Loan, Security and Collateral Management Agreement (5C Lending Partners Corp.)", "score": 37.1724853516, "published": true}, {"hash": "ka1qHVRPlLA", "uri": "/contracts/ka1qHVRPlLA#underlying-instruments", "label": "Loan and Security Agreement (FS KKR Capital Corp)", "score": 36.8439407349, "published": true}], "size": 53, "hash": "5bed36916e309eabcbb66211a55f4527", "id": 2}, {"snippet_links": [{"key": "the-collateral-agent", "type": "definition", "offset": [0, 20]}, {"key": "dispose-of", "type": "definition", "offset": [30, 40]}, {"key": "the-performance", "type": "clause", "offset": [135, 150]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [194, 220]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [270, 300]}], "snippet": "The Collateral Agent will not dispose of any documents constituting the Underlying Instruments in any manner that is inconsistent with the performance of its obligations as the Collateral Agent pursuant to this Agreement and will not dispose of any Collateral except as contemplated by this Agreement.", "samples": [{"hash": "dQBgVMVKstN", "uri": "/contracts/dQBgVMVKstN#underlying-instruments", "label": "Loan and Security Agreement (Kayne Anderson BDC, Inc.)", "score": 37.1642723083, "published": true}, {"hash": "3wRxuixfY8F", "uri": "/contracts/3wRxuixfY8F#underlying-instruments", "label": "Loan and Security Agreement (Palmer Square Capital BDC Inc.)", "score": 36.8439407349, "published": true}, {"hash": "7XNhkHvvHHL", "uri": "/contracts/7XNhkHvvHHL#underlying-instruments", "label": "Loan and Security Agreement (Kayne Anderson BDC, Inc.)", "score": 36.1676940918, "published": true}], "size": 34, "hash": "3f0cf90e6effb4f27d913dfd67c2be6d", "id": 3}, {"snippet_links": [{"key": "rights-of-ownership", "type": "clause", "offset": [22, 41]}, {"key": "underlying-instrument", "type": "clause", "offset": [62, 83]}, {"key": "subject-of-the", "type": "clause", "offset": [248, 262]}, {"key": "margin-fx-contract", "type": "definition", "offset": [263, 281]}], "snippet": "You will not have any rights of ownership or otherwise in any Underlying Instrument as a result of a trade with us. This means you will not own or have any interest in the physical currency, Index, Commodity, cryptocurrency or bullion which is the subject of the Margin FX Contract or CFD.", "samples": [{"hash": "jD3BmRqABsA", "uri": "/contracts/jD3BmRqABsA#underlying-instruments", "label": "Client Agreement", "score": 31.113866806, "published": true}, {"hash": "gPJ2DaAXQLo", "uri": "/contracts/gPJ2DaAXQLo#underlying-instruments", "label": "Client Agreement", "score": 30.1246623993, "published": true}, {"hash": "tzR1zyeyIW", "uri": "/contracts/tzR1zyeyIW#underlying-instruments", "label": "Client Agreement", "score": 25.9472961426, "published": true}], "size": 34, "hash": "2659346ba7a523f28c674146716726b5", "id": 4}, {"snippet_links": [{"key": "term-of-the", "type": "clause", "offset": [40, 51]}, {"key": "applicable-to", "type": "definition", "offset": [96, 109]}, {"key": "securities-intermediary", "type": "clause", "offset": [113, 136]}, {"key": "the-collateral-agent", "type": "definition", "offset": [186, 206]}, {"key": "the-document-custodian", "type": "clause", "offset": [208, 230]}, {"key": "in-connection-with", "type": "clause", "offset": [301, 319]}, {"key": "the-acquisition", "type": "clause", "offset": [320, 335]}, {"key": "by-the-borrower", "type": "clause", "offset": [336, 351]}, {"key": "the-grant", "type": "definition", "offset": [359, 368]}, {"key": "security-interest", "type": "clause", "offset": [390, 407]}, {"key": "the-administrative-agent", "type": "definition", "offset": [411, 435]}, {"key": "portfolio-asset", "type": "definition", "offset": [444, 459]}, {"key": "the-documents", "type": "clause", "offset": [502, 515]}, {"key": "of-the-borrower", "type": "clause", "offset": [563, 578]}, {"key": "to-determine", "type": "clause", "offset": [682, 694]}, {"key": "compliance-with", "type": "clause", "offset": [705, 720]}, {"key": "applicable-requirements", "type": "clause", "offset": [725, 748]}, {"key": "restrictions-on-transfer", "type": "clause", "offset": [755, 779]}, {"key": "including-without-limitation", "type": "clause", "offset": [781, 809]}, {"key": "necessary-consents", "type": "definition", "offset": [814, 832]}, {"key": "agent-hereunder", "type": "clause", "offset": [965, 980]}, {"key": "custodial-agent", "type": "definition", "offset": [984, 999]}, {"key": "in-accordance-with", "type": "clause", "offset": [1029, 1047]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1052, 1075]}], "snippet": "Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a \u201csecurities intermediary\u201d as defined in the UCC) to the contrary, none of the Collateral Agent, the Document Custodian nor any Securities Intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower of, or the grant by the Borrower of a security interest to the Administrative Agent in, any Portfolio Asset to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Underlying Instruments, or otherwise to examine the Underlying Instruments, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Document Custodian shall hold any Instrument delivered to it evidencing any Portfolio Asset transferred to the Administrative Agent hereunder as custodial agent for the Administrative Agent in accordance with the terms of this Agreement.", "samples": [{"hash": "6Ek4e9taFpN", "uri": "/contracts/6Ek4e9taFpN#underlying-instruments", "label": "Loan and Security Agreement (CION Investment Corp)", "score": 36.1348381042, "published": true}, {"hash": "jl3JwU4AKqy", "uri": "/contracts/jl3JwU4AKqy#underlying-instruments", "label": "Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)", "score": 34.8631057739, "published": true}, {"hash": "gvALwv74iTV", "uri": "/contracts/gvALwv74iTV#underlying-instruments", "label": "Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)", "score": 34.5058174133, "published": true}], "size": 25, "hash": "59bef3f9bba78ce6ce0bfffab6d4d172", "id": 5}, {"snippet_links": [{"key": "term-of-the", "type": "clause", "offset": [40, 51]}, {"key": "applicable-to", "type": "definition", "offset": [96, 109]}, {"key": "securities-intermediary", "type": "clause", "offset": [113, 136]}, {"key": "the-collateral-custodian", "type": "definition", "offset": [178, 202]}, {"key": "in-connection-with", "type": "clause", "offset": [245, 263]}, {"key": "the-acquisition", "type": "clause", "offset": [264, 279]}, {"key": "by-the-borrower", "type": "clause", "offset": [280, 295]}, {"key": "the-grant", "type": "definition", "offset": [299, 308]}, {"key": "the-administrative-agent", "type": "definition", "offset": [328, 352]}, {"key": "any-loan", "type": "clause", "offset": [357, 365]}, {"key": "the-documents", "type": "clause", "offset": [408, 421]}, {"key": "of-the-borrower", "type": "clause", "offset": [469, 484]}, {"key": "to-determine", "type": "clause", "offset": [588, 600]}, {"key": "compliance-with", "type": "clause", "offset": [611, 626]}, {"key": "applicable-requirements", "type": "clause", "offset": [631, 654]}, {"key": "restrictions-on-transfer", "type": "clause", "offset": [661, 685]}, {"key": "necessary-consents", "type": "definition", "offset": [701, 719]}, {"key": "agent-hereunder", "type": "clause", "offset": [843, 858]}, {"key": "custodial-agent", "type": "definition", "offset": [862, 877]}, {"key": "in-accordance-with", "type": "clause", "offset": [907, 925]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [930, 953]}, {"key": "the-interests", "type": "clause", "offset": [1070, 1083]}, {"key": "loans-to", "type": "clause", "offset": [1087, 1095]}, {"key": "from-time-to-time", "type": "clause", "offset": [1176, 1193]}, {"key": "delivery-of", "type": "clause", "offset": [1245, 1256]}, {"key": "section-8", "type": "clause", "offset": [1303, 1312]}, {"key": "section-9", "type": "clause", "offset": [1365, 1374]}, {"key": "electronic-copy", "type": "definition", "offset": [1513, 1528]}, {"key": "duly-executed", "type": "clause", "offset": [1534, 1547]}, {"key": "transfer-document", "type": "definition", "offset": [1548, 1565]}, {"key": "in-clause", "type": "clause", "offset": [1576, 1585]}, {"key": "the-definition-of", "type": "definition", "offset": [1596, 1613]}, {"key": "required-loan-documents", "type": "clause", "offset": [1615, 1638]}, {"key": "loan-assignment-agreement", "type": "definition", "offset": [1659, 1684]}, {"key": "in-favor-of", "type": "definition", "offset": [1687, 1698]}, {"key": "registration-of-the", "type": "clause", "offset": [1773, 1792]}, {"key": "related-loans", "type": "definition", "offset": [1793, 1806]}, {"key": "books-and-records", "type": "definition", "offset": [1814, 1831]}, {"key": "applicable-obligor", "type": "definition", "offset": [1839, 1857]}, {"key": "bank-agent", "type": "definition", "offset": [1861, 1871]}, {"key": "with-respect-to", "type": "clause", "offset": [1978, 1993]}, {"key": "in-respect-of", "type": "definition", "offset": [2015, 2028]}, {"key": "to-maintain", "type": "clause", "offset": [2062, 2073]}, {"key": "quantity-of", "type": "clause", "offset": [2087, 2098]}, {"key": "for-purposes-of", "type": "clause", "offset": [2109, 2124]}, {"key": "exercise-of-reasonable-care", "type": "clause", "offset": [2168, 2195]}, {"key": "physical-custody", "type": "definition", "offset": [2231, 2247]}], "snippet": "Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a \u201csecurities intermediary\u201d as defined in the UCC) to the contrary, the Collateral Custodian shall not be under any duty or obligation in connection with the acquisition by the Borrower or the grant by the Borrower to the Administrative Agent, of any Loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Underlying Instruments, or otherwise to examine the Underlying Instruments, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan transferred to the Administrative Agent hereunder as custodial agent for the Administrative Agent in accordance with the terms of this Agreement. Notwithstanding any term hereof or elsewhere to the contrary, it is hereby expressly acknowledged that (a) none of the interests in Loans to be acquired and delivered by the Borrower to the Collateral Custodian hereunder from time to time are expected to be evidenced by, or accompanied by delivery of, a \u201csecurity\u201d (as that term is defined in UCC Section 8-102) or an \u201cinstrument\u201d (as that term is defined in Section 9-102(a)(47) of the UCC), and all are expected to be evidenced solely by posting to a Platform accessible by the Collateral Custodian of an electronic copy of a duly executed transfer document described in clause (a)(i) of the definition of \u201cRequired Loan Documents\u201d (such document, a \u201cLoan Assignment Agreement\u201d) in favor of the Borrower as assignee, (b) any such Loan Assignment Agreement (and the registration of the related Loans on the books and records of the applicable obligor or bank agent) shall be registered in the name of the Borrower and (c) any duty on the part of the Collateral Custodian with respect to such Loan (including in respect of any duty it might otherwise have to maintain a sufficient quantity of such Loan for purposes of UCC Section 8-504) shall be limited to the exercise of reasonable care by the Collateral Custodian in the physical custody of any such Loan Assignment Agreement and any other related Required Loan Documents that may be delivered to it.", "samples": [{"hash": "1agfbet9jGO", "uri": "/contracts/1agfbet9jGO#underlying-instruments", "label": "Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)", "score": 35.9760437012, "published": true}], "size": 12, "hash": "195298fecf8b43484270b2dc01dd65a6", "id": 6}, {"snippet_links": [{"key": "term-of-the", "type": "clause", "offset": [40, 51]}, {"key": "applicable-to", "type": "definition", "offset": [96, 109]}, {"key": "securities-intermediary", "type": "clause", "offset": [113, 136]}, {"key": "the-collateral-agent", "type": "definition", "offset": [186, 206]}, {"key": "the-collateral-custodian", "type": "definition", "offset": [208, 232]}, {"key": "in-connection-with", "type": "clause", "offset": [303, 321]}, {"key": "the-acquisition", "type": "clause", "offset": [322, 337]}, {"key": "loan-party", "type": "definition", "offset": [343, 353]}, {"key": "the-grant", "type": "definition", "offset": [358, 367]}, {"key": "loan-asset", "type": "definition", "offset": [419, 429]}, {"key": "nature-of-a", "type": "clause", "offset": [437, 448]}, {"key": "participation-in-a-loan", "type": "clause", "offset": [459, 482]}, {"key": "the-documents", "type": "clause", "offset": [525, 538]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [570, 588]}, {"key": "to-determine", "type": "clause", "offset": [708, 720]}, {"key": "compliance-with", "type": "clause", "offset": [731, 746]}, {"key": "applicable-requirements", "type": "clause", "offset": [751, 774]}, {"key": "restrictions-on-transfer", "type": "clause", "offset": [781, 805]}, {"key": "necessary-consents", "type": "definition", "offset": [821, 839]}, {"key": "granted-to", "type": "clause", "offset": [935, 945]}, {"key": "agent-hereunder", "type": "clause", "offset": [961, 976]}, {"key": "custodial-agent", "type": "definition", "offset": [980, 995]}, {"key": "in-accordance-with", "type": "clause", "offset": [1021, 1039]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1044, 1067]}], "snippet": "Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a \u201csecurities intermediary\u201d as defined in the UCC) to the contrary, none of the Collateral Agent, the Collateral Custodian nor any securities intermediary shall be under any duty or obligation in connection with the acquisition by a Loan Party, or the Grant by such Loan Party to the Collateral Agent, of any Loan Asset in the nature of a loan or a participation in a loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of such Loan Party under the related Underlying Instruments, or otherwise to examine the Underlying Instruments, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan Asset Granted to the Collateral Agent hereunder as custodial agent for the Collateral Agent in accordance with the terms of this Agreement.", "samples": [{"hash": "xU1PqsVgzk", "uri": "/contracts/xU1PqsVgzk#underlying-instruments", "label": "Loan and Servicing Agreement (HPS Corporate Lending Fund)", "score": 36.9753608704, "published": true}, {"hash": "eWhDVNGUo0H", "uri": "/contracts/eWhDVNGUo0H#underlying-instruments", "label": "Loan and Servicing Agreement (HPS Corporate Lending Fund)", "score": 36.3702926636, "published": true}, {"hash": "9wIAUXHjs9W", "uri": "/contracts/9wIAUXHjs9W#underlying-instruments", "label": "Loan and Servicing Agreement (HPS Corporate Lending Fund)", "score": 35.7871322632, "published": true}], "size": 11, "hash": "c96642bd85346bc691df84ac9f97cab2", "id": 7}, {"snippet_links": [{"key": "rights-of-ownership", "type": "clause", "offset": [22, 41]}, {"key": "underlying-instrument", "type": "clause", "offset": [62, 83]}, {"key": "subject-of-the", "type": "clause", "offset": [225, 239]}, {"key": "margin-fx", "type": "definition", "offset": [240, 249]}], "snippet": "You will not have any rights of ownership or otherwise in any underlying instrument as a result of the trade with us. This means you will not own or have any interest in the physical currency, index, commodity or bullion the subject of the Margin FX or CFD.", "samples": [{"hash": "7NUxnqullWa", "uri": "/contracts/7NUxnqullWa#underlying-instruments", "label": "Client Agreement", "score": 27.2504253387, "published": true}, {"hash": "3pfAX4Lu5gJ", "uri": "/contracts/3pfAX4Lu5gJ#underlying-instruments", "label": "Client Agreement", "score": 26.3498325348, "published": true}, {"hash": "eqJnkTtBrnT", "uri": "/contracts/eqJnkTtBrnT#underlying-instruments", "label": "Client Agreement", "score": 23.4147834778, "published": true}], "size": 9, "hash": "8f0f1c9ccec9b926623088d704790d7f", "id": 8}, {"snippet_links": [{"key": "term-of-the", "type": "clause", "offset": [40, 51]}, {"key": "applicable-to", "type": "definition", "offset": [96, 109]}, {"key": "securities-intermediary", "type": "clause", "offset": [113, 136]}, {"key": "the-collateral-agent", "type": "definition", "offset": [186, 206]}, {"key": "the-collateral-custodian", "type": "definition", "offset": [208, 232]}, {"key": "the-collateral-administrator", "type": "clause", "offset": [234, 262]}, {"key": "in-connection-with", "type": "clause", "offset": [333, 351]}, {"key": "the-acquisition", "type": "clause", "offset": [352, 367]}, {"key": "by-the-borrower", "type": "clause", "offset": [368, 383]}, {"key": "the-grant", "type": "definition", "offset": [388, 397]}, {"key": "loan-asset", "type": "definition", "offset": [446, 456]}, {"key": "nature-of-a", "type": "clause", "offset": [464, 475]}, {"key": "participation-in-a-loan", "type": "clause", "offset": [486, 509]}, {"key": "the-documents", "type": "clause", "offset": [552, 565]}, {"key": "of-the-borrower", "type": "clause", "offset": [613, 628]}, {"key": "to-determine", "type": "clause", "offset": [732, 744]}, {"key": "compliance-with", "type": "clause", "offset": [755, 770]}, {"key": "applicable-requirements", "type": "clause", "offset": [775, 798]}, {"key": "restrictions-on-transfer", "type": "clause", "offset": [805, 829]}, {"key": "necessary-consents", "type": "definition", "offset": [845, 863]}, {"key": "granted-to", "type": "clause", "offset": [959, 969]}, {"key": "agent-hereunder", "type": "clause", "offset": [985, 1000]}, {"key": "custodial-agent", "type": "definition", "offset": [1004, 1019]}, {"key": "in-accordance-with", "type": "clause", "offset": [1045, 1063]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1068, 1091]}, {"key": "with-respect-to", "type": "clause", "offset": [1093, 1108]}, {"key": "items-included", "type": "clause", "offset": [1113, 1127]}, {"key": "required-loan-documents", "type": "clause", "offset": [1135, 1158]}, {"key": "electronic-form", "type": "clause", "offset": [1171, 1186]}], "snippet": "Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a \u201csecurities intermediary\u201d as defined in the UCC) to the contrary, none of the Collateral Agent, the Collateral Custodian, the Collateral Administrator nor any securities intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the Grant by the Borrower to the Collateral Agent, of any Loan Asset in the nature of a loan or a participation in a loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Underlying Instruments, or otherwise to examine the Underlying Instruments, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan Asset Granted to the Collateral Agent hereunder as custodial agent for the Collateral Agent in accordance with the terms of this Agreement. With respect to any items included in the Required Loan Documents that are in electronic form, such items shall be held by the Collateral Administrator on behalf of the Collateral Agent.", "samples": [{"hash": "9gYs32x3h5G", "uri": "/contracts/9gYs32x3h5G#underlying-instruments", "label": "Loan and Servicing Agreement (Diameter Credit Co)", "score": 35.3134841919, "published": true}, {"hash": "4kTaSjyosKc", "uri": "/contracts/4kTaSjyosKc#underlying-instruments", "label": "Loan and Servicing Agreement (Oaktree Strategic Credit Fund)", "score": 35.1574249268, "published": true}], "size": 7, "hash": "95344a85361bd225e5b37632e7755393", "id": 9}, {"snippet_links": [{"key": "the-document-custodian", "type": "clause", "offset": [0, 22]}, {"key": "dispose-of", "type": "definition", "offset": [32, 42]}, {"key": "the-performance", "type": "clause", "offset": [137, 152]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [198, 224]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [274, 304]}], "snippet": "The Document Custodian will not dispose of any documents constituting the Underlying Instruments in any manner that is inconsistent with the performance of its obligations as the Document Custodian pursuant to this Agreement and will not dispose of any Collateral except as contemplated by this Agreement.", "samples": [{"hash": "6Qp7vWURQOH", "uri": "/contracts/6Qp7vWURQOH#underlying-instruments", "label": "Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II)", "score": 37.1697463989, "published": true}, {"hash": "lCsufZia6lF", "uri": "/contracts/lCsufZia6lF#underlying-instruments", "label": "Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II)", "score": 37.0109519958, "published": true}, {"hash": "jP1cmxJxb9J", "uri": "/contracts/jP1cmxJxb9J#underlying-instruments", "label": "Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II)", "score": 37.0109519958, "published": true}], "size": 5, "hash": "b30ef85b1084bf7d1c822d180dc335b4", "id": 10}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih91bmRlcmx5aW5nLWluc3RydW1lbnRzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Underlying Instruments", "parents": [["collection-of-payments-accounts", "Collection of Payments Accounts"], ["location-of-underlying-instruments", "Location of Underlying Instruments"], ["compliance-with-sanctions", "Compliance with Sanctions"], ["corporate-collateral-agent-required-eligibility", "Corporate Collateral Agent Required; Eligibility"], ["negative-covenants-of-the-collateral-custodian", "Negative Covenants of the Collateral Custodian"]], "children": [["amendments-to-loans", "Amendments to Loans"], ["obligor-financial-statements-other-reports", "Obligor Financial Statements; Other Reports"], ["payment-date-reporting", "Payment Date Reporting"], ["collateral-management-report", "Collateral Management Report"], ["successor-collateral-agent", "Successor Collateral Agent"]], "size": 228, "id": "underlying-instruments", "related": [["underlying-documents", "Underlying Documents", "Underlying Documents"], ["interest-rate-risk-management-instruments", "Interest Rate Risk Management Instruments", "Interest Rate Risk Management Instruments"], ["documents-instruments-and-chattel-paper", "Documents, Instruments, and Chattel Paper", "Documents, Instruments, and Chattel Paper"], ["custody-of-mortgage-documents", "Custody of Mortgage Documents", "Custody of Mortgage Documents"], ["risk-management-instruments", "Risk Management Instruments", "Risk Management Instruments"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00", "also_ask": ["What key terms must be defined to ensure clarity in 'Underlying Instruments'?", "How can parties limit liability arising from defects in the Underlying Instruments?", "What negotiation leverage exists regarding representations and warranties about Underlying Instruments?", "How do courts interpret ambiguous references to Underlying Instruments in disputes?", "How does this clause compare to market standards in similar transactions?"], "drafting_tip": "Specify the types of underlying instruments to prevent misinterpretation; define eligibility criteria to ensure enforceability; reference relevant market standards to align expectations.", "explanation": "The 'Underlying Instruments' clause defines the specific assets, securities, or financial products that form the basis for a contract or transaction, such as derivatives or structured products. This clause typically lists or describes the stocks, bonds, indices, or other instruments whose value or performance will determine the obligations or payouts under the agreement. By clearly identifying what constitutes the underlying instruments, the clause ensures both parties have a mutual understanding of the contract's scope and helps prevent disputes over what assets are covered."}, "json": true, "cursor": ""}}