Common use of Collateral Agent Compensation Clause in Contracts

Collateral Agent Compensation. As compensation for its Collateral Agent activities hereunder, the Collateral Agent shall be entitled to the Collateral Administrator, Collateral Agent, Collateral Custodian and Securities Intermediary Expenses from the Borrower, payable to the extent of funds available therefor pursuant to the provisions of Section 2.04. The Collateral Agent’s entitlement to receive Collateral Administrator, Collateral Agent, Collateral Custodian and Securities Intermediary Expenses shall cease on the earlier to occur of (i) its removal as Collateral Agent pursuant to Section 10.05 or (ii) the termination of this Agreement.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Oaktree Strategic Credit Fund), Loan and Servicing Agreement (Oaktree Strategic Credit Fund)

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Collateral Agent Compensation. As compensation for its Collateral Agent activities hereunder, the Collateral Agent shall be entitled to the Collateral Administrator, Collateral Agent, Collateral fees and expenses set forth in the Account Bank and Custodian and Securities Intermediary Expenses from the BorrowerFee Letter, payable to the extent of funds available therefor pursuant to the provisions of Section 2.04. The Collateral Agent’s entitlement to receive Collateral Administrator, Collateral Agent, Collateral Custodian such fees and Securities Intermediary Expenses expenses shall cease on the earlier to occur of of: (i) its removal as the Collateral Agent pursuant to Section 10.05 10.05, (ii) its resignation as the Collateral Agent pursuant to Section 10.07, or (iiiii) the termination of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (FS Investment CORP)

Collateral Agent Compensation. As compensation for its Collateral Agent activities hereunder, the Collateral Agent shall be entitled to the Collateral Administrator, Agent Fees and Collateral Agent, Collateral Custodian and Securities Intermediary Agent Expenses from the BorrowerBorrower as set forth in the Collateral Agent and Collateral Custodian Fee Letter, payable to the extent of funds available therefor pursuant to the provisions of Section 2.04. The Collateral Agent’s 's entitlement to receive the Collateral Administrator, Collateral Agent, Collateral Custodian and Securities Intermediary Expenses Agent Fees shall cease on the earlier to occur of of: (ia) its removal as Collateral Agent pursuant to Section 10.05 9.05 or (iib) the termination of this Agreement.. 107

Appears in 1 contract

Samples: Loan and Servicing Agreement (CION Investment Corp)

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Collateral Agent Compensation. As compensation for its Collateral Agent activities hereunder, the Collateral Agent shall be entitled to the Collateral Administrator, Agent Fees and Collateral Agent, Collateral Custodian and Securities Intermediary Agent Expenses from the BorrowerBorrower as set forth in the Collateral Administration and Agency Fee Letter, payable to the extent of funds available therefor pursuant to the provisions of Section 2.04. The Collateral Agent’s 's entitlement to receive the Collateral Administrator, Collateral Agent, Collateral Custodian and Securities Intermediary Expenses Agent Fees shall cease 169 |US-DOCS\148390876.14|| on the earlier to occur of of: (ia) its removal as Collateral Agent pursuant to Section 10.05 or (iib) the termination of this Agreement.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Diameter Credit Co)

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