Common use of Collateral Custodian Clause in Contracts

Collateral Custodian. Section 11.01 Designation of Collateral Custodian 153 Section 11.02 Duties of Collateral Custodian 153 Section 11.03 Merger or Consolidation 156 Section 11.04 Collateral Custodian Compensation 156 Section 11.05 Collateral Custodian Removal 157 Section 11.06 Limitation on Liability 157 Section 11.07 Collateral Custodian Resignation 158 Section 11.08 Release of Documents 159 Section 11.09 Return of Required Loan Documents 159 Section 11.10 Access to Certain Documentation and Information Regarding the Collateral 160 Section 11.11 Bailment 160 Section 12.01 Amendments and Waivers 160 Section 12.02 Notices, Etc. 161 Section 12.03 No Waiver; Remedies 163 Section 12.04 Binding Effect; Assignability; Multiple Lenders 164 Section 12.05 Term of This Agreement 165 Section 12.06 GOVERNING LAW; JURY WAIVER 165 Section 12.07 Costs, Expenses and Taxes 166 Section 12.08 Further Assurances 167 Section 12.09 Recourse Against Certain Parties 167 Section 12.10 Execution in Counterparts; Severability; Integration 168 Section 12.11 Characterization of Conveyances Pursuant to each Purchase and Sale Agreement 168 Section 12.12 Confidentiality 169 Section 12.13 Waiver of Set Off 171 Section 12.14 Headings and Exhibits 171 Section 12.15 Ratable Payments 171 Section 12.16 Failure of any Loan Party or Servicer to Perform Certain Obligations 171 Section 12.17 Power of Attorney 171 Section 12.18 Delivery of Termination Statements, Releases, etc. 172 Section 12.19 Non-Petition 172

Collateral Custodian. Section 11.01 Designation of Collateral Custodian 153 160 Section 11.02 Duties of Collateral Custodian 153 161 Section 11.03 Merger or Consolidation 156 163 Section 11.04 Collateral Custodian Compensation 156 163 Section 11.05 Collateral Custodian Removal 157 164 Section 11.06 Limitation on Liability 157 164 Section 11.07 Collateral Custodian Resignation 158 165 Section 11.08 Release of Documents 159 165 Section 11.09 Return of Required Loan Documents 159 166 Section 11.10 Access to Certain Documentation and Information Regarding the Collateral 160 166 Section 11.11 Bailment 160 167 Section 12.01 Amendments and Waivers 160 167 Section 12.02 Notices, Etc. 161 168 Section 12.03 No Waiver; Remedies 163 170 Section 12.04 Binding Effect; Assignability; Multiple Lenders 164 170 Section 12.05 Term of This Agreement 165 171 Section 12.06 GOVERNING LAW; JURY WAIVER 165 171 Section 12.07 Costs, Expenses and Taxes 166 173 Section 12.08 Further Assurances 167 173 Section 12.09 Recourse Against Certain Parties 167 173 Section 12.10 Execution in Counterparts; Severability; Integration 168 174 Section 12.11 Characterization of Conveyances Pursuant to each the Purchase and Sale Agreement 168 174 Section 12.12 Confidentiality 169 175 Section 12.13 Waiver of Set Off 171 177 Section 12.14 Headings and Exhibits 171 177 Section 12.15 Ratable Payments 171 177 Section 12.16 Failure of any Loan Party Borrower or Servicer to Perform Certain Obligations 171 177 Section 12.17 Power of Attorney 171 177 Section 12.18 Delivery of Termination Statements, Releases, etc. 172 178 Section 12.19 Non-Petition 172178 Section 12.20 Acknowledgment and Consent to Bail-In of Affected Financial Institutions 179 Section 12.21 Return of Certain Payments 179

Collateral Custodian. Section 11.01 Designation of Collateral Custodian 153 132 Section 11.02 Duties of Collateral Custodian 153 132 Section 11.03 Merger or Consolidation 156 134 Section 11.04 Collateral Custodian Compensation 156 135 Section 11.05 Collateral Custodian Removal 157 135 Section 11.06 Limitation on Liability 157 135 Section 11.07 Collateral Custodian Resignation 158 136 Section 11.08 Release of Documents 159 137 Section 11.09 Return of Required Loan Documents 159 138 Section 11.10 Access to Certain Documentation and Information Regarding the Collateral 160 Portfolio; Due Diligence on the Borrower Advisors 138 Section 11.11 Bailment 160 138 Section 12.01 Amendments and Waivers 160 139 Section 12.02 Notices, Etc. 161 140 Section 12.03 No Waiver; Remedies 163 140 Section 12.04 Binding Effect; Assignability; Multiple Lenders 164 141 Section 12.05 Term of This Agreement 165 142 Section 12.06 GOVERNING LAW; JURY WAIVER 165 142 Section 12.07 Costs, Expenses and Taxes 166 143 Section 12.08 Further Assurances 167 No Proceedings 144 Section 12.09 Recourse Against Certain Parties 167 144 Section 12.10 Execution in Counterparts; Severability; Integration 168 146 Section 12.11 Consent to Jurisdiction; Service of Process 146 Section 12.12 Characterization of Conveyances Pursuant to each the Purchase and Sale Agreement 168 Section 12.12 Confidentiality 169 146 Section 12.13 Confidentiality 148 Section 12.14 Non-Confidentiality of Tax Treatment 149 Section 12.15 Waiver of Set Off 171 149 Section 12.14 12.16 Headings and Exhibits 171 149 Section 12.15 12.17 Ratable Payments 171 150 Section 12.16 12.18 Failure of any Loan Party Borrower or Servicer Collateral Manager to Perform Certain Obligations 171 150 Section 12.17 12.19 Power of Attorney 171 150 Section 12.18 Delivery 12.20 Permitted Equityholder Transaction 150 Section 12.21 Limitation on Liability 151 EXHIBIT A Form of Termination StatementsApproval Notice EXHIBIT B Form of Borrowing Base Certificate EXHIBIT C Form of Disbursement Request EXHIBIT D Form of Joinder Supplement EXHIBIT E Form of Notice of Borrowing EXHIBIT F Form of Notice of Prepayment (Reduction of Advances Outstanding) EXHIBIT G Form of Notice of Reduction (Reduction of Maximum Facility Amount) EXHIBIT H Form of Variable Funding Note EXHIBIT I Form of Certificate of Closing Attorneys EXHIBIT J Form of Collateral Management Report EXHIBIT K Form of Collateral Manager Certificate (Collateral Management Report) EXHIBIT L Form of Release of Required Loan Documents EXHIBIT M Form of Transferee Letter EXHIBIT N Form of Officer’s Certificate (Solvency) EXHIBIT O Form of Notice and Request for Consent to Lien Release Dividend EXHIBIT P Form of Static Pool Report SCHEDULE I Prior Names, ReleasesTradenames, etc. 172 Section 12.19 NonFictitious Names and “Doing Business As” Names SCHEDULE II Agreed-Petition 172Upon Procedures For Independent Public Accountants SCHEDULE III Xxxxx’x Industry Classification Group List ANNEX A Addresses for Notices ANNEX B Commitments ANNEX C Calculated Applicable Spread THIS LOAN AND SECURITY AGREEMENT (as amended, modified, waived, supplemented, restated or replaced from time to time, this “Agreement”) is made as of August 13, 2015, among:

Collateral Custodian. Section 11.01 Designation of Collateral Custodian 153 134 Section 11.02 Duties of Collateral Custodian 153 134 Section 11.03 Merger or Consolidation 156 137 Section 11.04 Collateral Custodian Compensation 156 137 Section 11.05 Collateral Custodian Removal 157 138 Section 11.06 Limitation on Liability 157 138 Section 11.07 Collateral Custodian Resignation 158 140 Section 11.08 Release of Documents 159 140 Section 11.09 Return of Required Loan Documents 159 141 Section 11.10 Access to Certain Documentation and Information Regarding the Collateral 160 141 Section 11.11 Bailment 160 Agent of the Collateral Agent 142 Section 11.12 Indemnification of the Collateral Custodian 142 Section 12.01 Amendments and Waivers 160 142 Section 12.02 Notices, Etc. 161 143 Section 12.03 No Waiver; Remedies 163 145 Section 12.04 Binding Effect; Assignability; Multiple Lenders 164 145 Section 12.05 Term of This Agreement 165 147 Section 12.06 GOVERNING LAW; JURY WAIVER 165 147 Section 12.07 Costs, Expenses and Taxes 166 148 Section 12.08 Further Assurances 167 149 Section 12.09 Recourse Against Certain Parties 167 149 Section 12.10 Execution in Counterparts; Severability; Integration 168 150 Section 12.11 Characterization of Conveyances Pursuant to each the Purchase and Sale Agreement 168 150 Section 12.12 Confidentiality 169 151 Section 12.13 Waiver of Set Off 171 152 Section 12.14 Headings and Exhibits 171 152 Section 12.15 Ratable Payments 171 152 Section 12.16 Failure of any Loan Party Borrower or Servicer to Perform Certain Obligations 171 153 Section 12.17 Power of Attorney 171 153 Section 12.18 Delivery of Termination Statements, Releases, etc. 172 153 Section 12.19 Non-Petition 172153

Collateral Custodian. Section 11.01 Designation of Collateral Custodian 153 180 Section 11.02 Duties of Collateral Custodian 153 181 Section 11.03 Merger or Consolidation 156 183 Section 11.04 Collateral Custodian Compensation 156 184 Section 11.05 Collateral Custodian Removal 157 184 Section 11.06 Limitation on Liability 157 184 Section 11.07 Collateral Custodian Resignation 158 185 Section 11.08 Release of Documents 159 186 Section 11.09 Return of Required Loan Documents 159 186 Section 11.10 Access to Certain Documentation and Information Regarding the Collateral 160 187 Section 11.11 Bailment 160 187 Section 12.01 Amendments and Waivers 160 187 Section 12.02 Notices, Etc. 161 188 Section 12.03 No Waiver; Remedies 163 191 Section 12.04 Binding Effect; Assignability; Multiple Lenders 164 191 Section 12.05 Term of This Agreement 165 192 Section 12.06 GOVERNING LAW; JURY WAIVER 165 193 Section 12.07 Costs, Expenses and Taxes 166 194 Section 12.08 Further Assurances 167 195 Section 12.09 Recourse Against Certain Parties 167 195 Section 12.10 Execution in Counterparts; Severability; Integration 168 196 Section 12.11 Characterization of Conveyances Pursuant to each the Purchase and Sale Agreement 168 196 Section 12.12 Confidentiality 169 197 Section 12.13 Waiver of Set Off 171 199 Section 12.14 Headings and Exhibits 171 199 Section 12.15 Ratable Payments 171 199 Section 12.16 Failure of any Loan Party Borrower or Servicer to Perform Certain Obligations 171 199 Section 12.17 Power of Attorney 171 199 Section 12.18 Delivery of Termination Statements, Releases, etc. 172 199 Section 12.19 Non-Petition 172200 Section 12.20 Acknowledgment and Consent to Bail-In of Affected Financial Institutions 200 Section 12.21 Return of Certain Payments 201

Collateral Custodian. 98 Section 11.01 9.01 Designation of Collateral Custodian 153 98 Section 11.02 9.02 Duties of Collateral Custodian 153 99 Section 11.03 9.03 Merger or Consolidation 156 101 Section 11.04 9.04 Collateral Custodian Compensation 156 101 Section 11.05 9.05 Collateral Custodian Removal 157 102 Section 11.06 9.06 Limitation on Liability 157 102 Section 11.07 9.07 Collateral Custodian Resignation 158 104 Section 11.08 9.08 Release of Documents 159 104 Section 11.09 9.09 Return of Required Loan Documents 159 Asset Files 105 Section 11.10 9.10 Access to Certain Documentation and Information Regarding the Collateral; Audits of Portfolio Asset Servicer 105 Section 9.11 Bailment 106 Section 9.12 Indemnification of the Collateral 160 Custodian 106 ARTICLE X. INDEMNIFICATION 106 Section 11.11 Bailment 160 10.01 Indemnities by the Borrower 106 Section 12.01 10.02 Legal Proceedings 107 ARTICLE XI. MISCELLANEOUS 108 Section 11.01 Amendments and Waivers 160 108 Section 12.02 11.02 Notices, Etc. 161 Etc 108 Section 12.03 11.03 No Waiver; Waiver Remedies 163 109 Section 12.04 11.04 Binding Effect; Assignability; Multiple Lenders 164 109 Section 12.05 11.05 Term of This Agreement 165 110 Section 12.06 11.06 GOVERNING LAW; JURY WAIVER 165 110 Section 12.07 11.07 Costs, Expenses and Taxes 166 110 Section 12.08 Further Assurances 167 Section 12.09 11.08 Recourse Against Certain Parties 167 Parties; Non-Petition 111 Section 12.10 11.09 Execution in Counterparts; Severability; Integration 168 112 Section 12.11 Characterization 11.10 Consent to Jurisdiction; Service of Conveyances Pursuant to each Purchase and Sale Agreement 168 Process 112 Section 12.12 11.11 Confidentiality 169 113 Section 12.13 Waiver of Set Off 171 Section 12.14 Headings and Exhibits 171 Section 12.15 Ratable Payments 171 Section 12.16 Failure of any Loan Party or Servicer to Perform Certain Obligations 171 Section 12.17 Power of Attorney 171 Section 12.18 Delivery of Termination Statements, Releases, etc. 172 Section 12.19 11.12 Non-Petition 172Confidentiality of Tax Treatment 114

Collateral Custodian. Section 11.01 Designation of Collateral Custodian 153 120 Section 11.02 Duties of Collateral Custodian 153 121 Section 11.03 Merger or Consolidation 156 123 Section 11.04 Collateral Custodian Compensation 156 123 Section 11.05 Collateral Custodian Removal 157 123 Section 11.06 Limitation on Liability 157 124 Section 11.07 Collateral Custodian Resignation 158 125 Section 11.08 Release of Documents 159 125 Section 11.09 Return of Required Loan Documents 159 126 Section 11.10 Access to Certain Documentation and Information Regarding the Collateral 160 Portfolio; Due Diligence on the Borrower Advisors 126 Section 11.11 Bailment 160 127 Section 12.01 Amendments and Waivers 160 127 Section 12.02 Notices, Etc. 161 Etc 129 Section 12.03 No Waiver; Remedies 163 129 Section 12.04 Binding Effect; Assignability; Multiple Lenders 164 129 Section 12.05 Term of This Agreement 165 130 Section 12.06 GOVERNING LAW; JURY WAIVER 165 130 Section 12.07 Costs, Expenses and Taxes 166 131 Section 12.08 Further Assurances 167 No Proceedings 131 Section 12.09 Recourse Against Certain Parties 167 132 Section 12.10 Execution in Counterparts; Severability; Integration 168 134 Section 12.11 Consent to Jurisdiction; Service of Process 134 Section 12.12 Characterization of Conveyances Pursuant to each the Purchase and Sale Agreement 168 Section 12.12 Confidentiality 169 134 Section 12.13 Confidentiality 136 Section 12.14 Non-Confidentiality of Tax Treatment 137 Section 12.15 Waiver of Set Off 171 137 Section 12.14 12.16 Headings and Exhibits 171 137 Section 12.15 12.17 Ratable Payments 171 138 Section 12.16 12.18 Failure of any Loan Party Borrower or Servicer Collateral Manager to Perform Certain Obligations 171 138 Section 12.17 12.19 Power of Attorney 171 138 Section 12.18 Delivery 12.20 Intent of Termination Statements, Releases, etc. 172 the Parties 138 Section 12.19 Non-Petition 17212.21 Limitation on Liability 139