COLLATERAL ACCOUNTS; COLLATERAL SECURITY Sample Clauses
The 'Collateral Accounts; Collateral Security' clause establishes the requirements for creating and maintaining accounts or assets pledged as security for an obligation. Typically, it outlines how collateral must be held, managed, or controlled—such as requiring the debtor to deposit certain assets into a designated account or granting the secured party rights over those assets in case of default. This clause ensures that the lender or secured party has a clear and enforceable interest in specific property, thereby reducing credit risk and providing a mechanism for recovery if the borrower fails to meet their obligations.
COLLATERAL ACCOUNTS; COLLATERAL SECURITY. The Collateral Accounts; Agreement as to Control 61 SECTION 8.02. Collateral Security; Pledge; Delivery 61 SECTION 9.01. Appointment of Administrative Agent and Collateral Agent 66
COLLATERAL ACCOUNTS; COLLATERAL SECURITY. SECTION 8.01. The Collateral Accounts; Agreement as to Control 77 SECTION 8.02. Collateral Security; Pledge; Delivery 80 SECTION 9.01. Appointment of the Administrative Agent and the Collateral Agent 83 SECTION 9.02. Additional Provisions Relating to the Collateral Agent and the Collateral Administrator 88 SECTION 9.04. Notices 92 SECTION 9.05. Certain ERISA Matters 93 SECTION 10.01. Non-Petition; Limited Recourse 95 SECTION 10.02. Notices 95 SECTION 10.03. No Waiver 96 SECTION 10.04. Expenses; Indemnity; Damage Waiver; Right of Setoff 97 SECTION 10.05. Amendments 98 SECTION 10.06. Successors; Assignments 98 SECTION 10.07. Governing Law; Submission to Jurisdiction; Etc 100 SECTION 10.08. Interest Rate Limitation 101 SECTION 10.09. PATRIOT Act 101 SECTION 10.10. Counterparts 101 SECTION 10.11. Headings 102 SECTION 10.12. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 102 SECTION 10.13. Confidentiality 102 Schedules Schedule 1 Transaction Schedule Schedule 2 Contents of Notice of Acquisition Schedule 3 Eligibility Criteria Schedule 4 Concentration Limitations Schedule 5 Initial Portfolio Investments Schedule 6 GICSMoody’s Industry Classifications Exhibits Exhibit A Form of Request for Advance Exhibit B Form of Compliance Certificate LOAN AND SECURITY AGREEMENT dated as of March 26, 2024 (this “Agreement”) among MANULIFE PRIVATE CREDIT FUND SPV, LLC, a Delaware limited liability company, as borrower (the “Company”); MANULIFE PRIVATE CREDIT FUND, a Delaware statutory trust, as the parent (in such capacity, the “Parent”) and as portfolio manager (in such capacity, the “Portfolio Manager”); the Lenders party hereto; The Bank of New York Mellon Trust Company, National Association, in its capacity as collateral agent (in such capacity, the “Collateral Agent”); The Bank of New York Mellon Trust Company, National Association, in its capacity as collateral administrator (in such capacity, the “Collateral Administrator”); The Bank of New York Mellon Trust Company, National Association, in its capacity as securities intermediary (in such capacity, the “Securities Intermediary”); and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders hereunder (in such capacity, the “Administrative Agent”). The Portfolio Manager and the Company wish for the Company to acquire and finance certain corporate loans (the “Portfolio Investments”), all on and subject to the terms and conditions set forth herein. Furthermore, the Company int...
COLLATERAL ACCOUNTS; COLLATERAL SECURITY