Collection of Payments Accounts Sample Clauses

Collection of Payments Accounts. 102 Section 6.5. Realization Upon Defaulted or Delinquent Loans. 104103 Section 6.6. [Intentionally Omitted.] 104 Section 6.7. Payment of Certain Expenses by Collateral Manager. 104 Section 6.8. Reports. 104 Section 6.9.

Collection of Payments Accounts. (a) Collection Efforts, Modification of Collateral. (i) The Servicer will collect, or cause to be collected, all payments called for under the terms and provisions of the Loan Assets included in the Collateral as and when the same become due, all in accordance with the Servicing Standard. (ii) In the performance of its obligations hereunder, the Borrower (or the Servicer on its behalf) may enter into any amendment or waiver of or supplement to any Underlying Instrument (other than with respect to Maturity Amendments as described below), all in accordance with the Servicing Standard; provided that the prior written consent of the Required Lenders shall be required if (a) an Event of Default or a Borrowing Base Deficiency has occurred and is continuing or would result from such amendment, waiver or supplement, or (b) such amendment, waiver or supplement either (x) would cause such Loan Asset to no longer qualify as an Eligible Loan Asset or (y) would allow the Obligor of any Loan Asset to incur any additional debt which was not permitted as of the Cut-Off Date which is pari passu or senior with such Loan Asset. (iii) The Borrower (or the Servicer on the Borrower’s behalf) may vote in favor of a Maturity Amendment with respect to a Loan Asset only if (x) the Weighted Average Life Test will be satisfied, (y) such Maturity Amendment would not cause the stated maturity of such Loan Asset to be later than two (2) years past the Stated Maturity and (z) the Outstanding Balance of all Loan Assets in respect of which the Borrower (or the Servicer on the Borrower’s behalf) consents to a Maturity Amendment resulting in such Loan Assets having stated maturities occurring after the Stated Maturity may not exceed 10% of the Total Borrower Capitalization.

Collection of Payments Accounts. 128138 Section 6.05 Realization Upon Loan Assets. 130139

Collection of Payments Accounts. 113 Section 6.5

Collection of Payments Accounts. 102 Section 6.5. Realization Upon Defaulted or Delinquent Loans. 103104 Section 6.6. [Intentionally Omitted.] 104 Section 6.7. Payment of Certain Expenses by Collateral Manager. 104 Section 6.8. Reports. 104 Section 6.9. Annual Statement as to Compliance. 105 Section 6.10. The Collateral Manager Not to Resign. 105 Section 6.11. Collateral Manager Defaults. 105

Collection of Payments Accounts. (a) Collection Efforts, Modification of Collateral. (i) The Servicer will collect, or cause to be collected, all payments called for under the terms and provisions of the Loan Assets included in the Collateral as and when the same become due, all in accordance with the Servicing Standard. (ii) In the performance of its obligations hereunder, the Borrower (or the Servicer on its behalf) may enter into any amendment or waiver of or supplement to any Underlying Instrument, all in accordance with the Servicing Standard; provided that the prior written consent of the Required Lenders shall be required if an Event of Default has occurred and is continuing or would result from such amendment, waiver or supplement. (iii) The Borrower (or the Servicer on the Borrower’s behalf) may vote in favor of a Maturity Amendment with respect to a Loan Asset only if (a) the Weighted Average Life Test will be satisfied, or (b) the Administrative Agent has provided its prior written consent; provided that any such vote in favor of a Maturity Amendment made without the prior written consent from the Administrative Agent (x) shall result in such Loan Asset ceasing to not qualify as an Eligible Loan Asset and (y) no Borrowing Base Deficiency shall have resulted from such Loan Asset ceasing to be an Eligible Loan Asset.

Collection of Payments Accounts. (a) Collection Efforts, Modification of Collateral Portfolio. The Servicer will use its reasonable best efforts to collect or cause to be collected, all payments called for under the terms and provisions of the Loan Assets included in the Collateral Portfolio as and when the same become due, all in accordance with the Risk and Collection Policies and the Servicing Standard. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral Portfolio in a manner that would impair the collectability of the Collateral Portfolio or in any manner contrary to the Servicing Standard. (b) Acceleration. If consistent with the Risk and Collection Policies and the Servicing Standard, the Servicer shall accelerate or vote to accelerate, as applicable, the maturity of all or any Scheduled Payments and other amounts due under any Loan Asset promptly after such Loan Asset becomes defaulted.

Collection of Payments Accounts. AmericasActive:18709990.5

Collection of Payments Accounts. 106112 Section 8.05 Realization Upon Portfolio Assets 106113 Section 8.06 Servicing Compensation 107114 -ii- USActive 58800445.158806140.10 SK 28388 0001 10656366 v3

Collection of Payments Accounts. (a) Collection Efforts, Modification of Collateral Portfolio. The Servicer will use its commercially reasonable efforts and judgment to collect or cause to be collected, all payments called for under the terms and provisions of the Loan Assets included in the Collateral Portfolio as and when the same become due, all in accordance with the Servicing Standard. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral Portfolio in any manner contrary to the Servicing Standard; provided that, on and after the occurrence of an Event of Default, the prior written consent of the Administrative Agent shall be required for any waiver, modification or variance that would impair the collectability of the Collateral Portfolio. In addition, neither the Borrower nor the Servicer shall, without the prior written consent of the Administrative Agent, agree to waive, modify or otherwise vary any provision of a Loan Asset in the Collateral Portfolio if such waiver, modification or variation would increase the Borrower’s commitment or outstanding loans thereunder or extend the maturity of any outstanding or committed loans of the Borrower thereunder so as to constitute a Material Modification pursuant to clause (b) of the definition of “Material Modification”.