Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by thirty (30) days’ notice given in writing to the Collateral Agent (the “Collateral Agent Termination Notice”); provided that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided further that, the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 7.4 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (North Haven Private Income Fund LLC)
Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by thirty (30) days’ notice given in writing to the Collateral Agent (the “Collateral Agent Termination Notice”); provided thatprovided, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided further that, that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 7.4 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.
Appears in 1 contract
Samples: Loan and Security Agreement (FS Investment Corp III)
Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by thirty (30) 30 days’ notice given in writing to the Collateral Agent (the “Collateral Agent Termination Notice”); provided that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided further thatprovided, further, that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 7.4 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.
Appears in 1 contract
Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by upon thirty (30) days’ notice given in writing to the Collateral Agent (the “"Collateral Agent Termination Notice”"); provided that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided further thatprovided, further, that the Collateral Agent shall continue to receive compensation of its reasonable and documented fees and expenses in accordance with Section 7.4 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.
Appears in 1 contract
Samples: Loan and Servicing Agreement (BlackRock TCP Capital Corp.)
Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by thirty (30) 30 days’ written notice given in writing to the Collateral Agent (the “Collateral Agent Termination Notice”); provided that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided further that, that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 7.4 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.
Appears in 1 contract
Samples: Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.)
Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by thirty (30) days’ notice given in writing to the Collateral Agent (the “Collateral Agent Termination Notice”); provided that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided further thatprovided, further, that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 7.4 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.
Appears in 1 contract
Samples: Loan and Servicing Agreement (Apollo Debt Solutions BDC)
Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by thirty (30) 30 days’ prior written notice given in writing to the Collateral Agent (the “Collateral Agent Termination Notice”); provided that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall AmericasActive:18709990.5 continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided further that, that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 7.4 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointedappointed unless it has been removed for cause.
Appears in 1 contract
Samples: Loan and Servicing Agreement (Oaktree Strategic Credit Fund)
Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by thirty (30) 30 days’ prior written notice given in writing to the Collateral Agent (the “Collateral Agent Termination Notice”); provided that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided further that, that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 7.4 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.
Appears in 1 contract
Samples: Loan and Servicing Agreement (Onex Direct Lending BDC Fund)