Common use of Changes in Payment Instructions to Obligors Clause in Contracts

Changes in Payment Instructions to Obligors. On or prior to the Account Transition Deadline, the Borrower will not add or terminate any bank as a Concentration Account Bank or the Concentration Account (as defined herein), unless the Agent has consented to such addition or termination (which consent shall not be unreasonably withheld or delayed) and has received duly executed copies of the Intercreditor Agreement (incorporating appropriate amendments), with each new Concentration Account Bank being a party thereto.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)

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