Common use of Access to Certain Documentation and Information Regarding the Collateral; Audits of Portfolio Asset Servicer Clause in Contracts

Access to Certain Documentation and Information Regarding the Collateral; Audits of Portfolio Asset Servicer. The Collateral Custodian shall provide to the Administrative Agent, the Portfolio Asset Servicer and the Calculation Agent access to the Loan Asset Files held by the Collateral Custodian and all other documentation regarding the Collateral including in such cases where the Administrative Agent, the Portfolio Asset Servicer or Calculation Agent is required in connection with the enforcement of the rights or interests of the Secured Parties, or by applicable statutes or regulations, to review such documentation, such access being afforded without charge but only (a) upon four Business Days prior written request, (b) during normal business hours and (c) subject to the Collateral Custodian’s normal security and confidentiality procedures. Periodically on and after the Closing Date, the Administrative Agent may review the Portfolio Asset Servicer’s collection and administration of the Loan Asset Files in order to assess compliance by the Portfolio Asset Servicer with the Servicing Standard, as well as with this Agreement and may conduct an audit of the Loan Asset Files in conjunction with such a review. Such review shall be reasonable in scope and shall be completed in a reasonable period of time; provided that, if no Event of Default is continuing, the Administrative Agent shall be allowed one such review per calendar year. Without limiting the foregoing provisions of this Section 9.10, from time to time (and, in any case, a minimum of three times during each calendar year) upon reasonable notice to the Administrative Agent, the Collateral Custodian shall permit independent public accountants or other auditors appointed by the Portfolio Asset Servicer to conduct, at the expense of the Borrower, a review of the Loan Asset Files and all other documentation regarding the Collateral.

Appears in 4 contracts

Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.), Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.), Loan and Servicing Agreement (TCG BDC II, Inc.)

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Access to Certain Documentation and Information Regarding the Collateral; Audits of Portfolio Asset Servicer. The Collateral Custodian shall provide to the Administrative Agent, the Portfolio Asset Servicer and the Calculation Agent access to the Loan Asset Files held by the Collateral Custodian and all other documentation regarding the Collateral including in such cases where the Administrative Agent, the Portfolio Asset Servicer or Calculation Agent is required in connection with the enforcement of the rights or interests of the Secured Parties, or by applicable statutes or regulations, to review such documentation, such access being afforded without charge but only (a) upon four Business Days prior written request, (b) during normal business hours and (c) subject to the Collateral Custodian’s 's normal security and confidentiality procedures. Periodically on and after the Closing Date, the Administrative Agent Initial Lender may review the Portfolio Asset Servicer’s 's collection and administration of the Loan Asset Files in order to assess compliance by the Portfolio Asset Servicer with the Servicing Standard, as well as with this Agreement and may conduct an audit of the Loan Asset Files in conjunction with such a review. Such review shall be reasonable in scope and shall be completed in a reasonable period of time; provided that, if no Event of Default is continuing, the Administrative Agent shall be allowed one such review per calendar year. Without limiting the foregoing provisions of this Section 9.10, from time to time (and, in any case, a minimum of three times during each calendar year) upon reasonable notice to the Administrative AgentCollateral Custodian, the Collateral Custodian shall permit independent public accountants or other auditors appointed by the Portfolio Asset Servicer to conduct, at the expense of the Borrower, a review of the Loan Asset Files and all other documentation regarding the Collateral.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Carlyle Secured Lending III), Loan and Servicing Agreement (Carlyle Secured Lending III)

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Access to Certain Documentation and Information Regarding the Collateral; Audits of Portfolio Asset Servicer. The Collateral Custodian shall provide to the Administrative Agent, the Portfolio Asset Servicer and the Calculation Agent access to the Loan Asset Files held by the Collateral Custodian and all other documentation regarding the Collateral including in such cases where the Administrative Agent, the Portfolio Asset Servicer or Calculation Agent is required in connection with the enforcement of the rights or interests of the Secured Parties, or by applicable statutes or regulations, to review such documentation, such access being afforded without charge but only (a) upon four Business Days prior written request, (b) during normal business hours and (c) subject to the Collateral Custodian’s 's normal security and confidentiality procedures. Periodically on and after the Closing Date, the Administrative Agent Initial Lender may review the Portfolio Asset Servicer’s 's collection and administration of the Loan Asset Files in order to assess compliance by the Portfolio Asset Servicer with the Servicing Standard, as well as with this Agreement and may conduct an audit of the Loan Asset Files in conjunction with such a review. Such review shall be reasonable in scope and shall be completed in a reasonable period of time; provided that, if no Event of Default is continuing, the Administrative Agent shall be allowed one such review per calendar year. Without limiting the foregoing provisions of this Section 9.10, from time to time (and, in any case, a minimum of three times during each calendar year) upon reasonable notice to the Administrative AgentCollateral Custodian, the Collateral Custodian shall permit independent public accountants or other auditors appointed by the Portfolio Asset Servicer to conduct, at the expense of the Borrower, a review of the Loan Asset Files and all other documentation regarding the Collateral.the

Appears in 1 contract

Samples: Loan and Servicing Agreement (Carlyle Secured Lending III)

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