Common use of Account Bank Removal Clause in Contracts

Account Bank Removal. The Account Bank may be removed, with or without cause, by the Administrative Agent by notice given in writing to the Account Bank (the “Account Bank Termination Notice”); provided that, notwithstanding its receipt of an Account Bank Termination Notice, the Account Bank shall continue to act in such capacity until a successor Account Bank has been appointed and has agreed to act as Account Bank hereunder and under the Collection Account Agreement.

Appears in 8 contracts

Samples: Loan and Servicing Agreement, Loan and Servicing Agreement (TCG Bdc, Inc.), Loan and Servicing Agreement (Carlyle GMS Finance, Inc.)

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Account Bank Removal. The Account Bank may be removed, with or without cause, by the Administrative Agent by notice given in writing to the Account Bank (the “Account Bank Termination Notice”); provided that, notwithstanding its receipt of an Account Bank Termination Notice, the Account Bank shall continue to act in such capacity until a successor Account Bank has been appointed and has agreed to act as Account Bank hereunder and under the Collection Account Agreement.. 186 DMSLIBRARY01\32370595.v1

Appears in 1 contract

Samples: Loan and Servicing Agreement (TCG Bdc, Inc.)

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