Common use of Custodianship; Transfer of Loans and Permitted Investments Clause in Contracts

Custodianship; Transfer of Loans and Permitted Investments. (a) The Collateral Agent shall hold all Certificated Securities and Instruments in physical form at its office set forth in Section 5.5(c) hereof. Any successor Collateral Agent shall be a state or national bank or trust company which is not an Affiliate of the Borrower or the Seller, which satisfies the eligibility requirements set forth in Section 4.4(g) and which makes the representations of the Collateral Agent set forth herein to the Borrower, the Administrative Agent and the Lenders in connection with the assumption of the Collateral Agent’s duties hereunder.

Appears in 6 contracts

Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Specialty Lending Corp)

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Custodianship; Transfer of Loans and Permitted Investments. (a) The Collateral Agent shall hold all Certificated Securities and Instruments in physical form at its office set forth offices specified in Section 5.5(c) hereof). Any successor Collateral Agent shall be a state or national bank or trust company which is not an Affiliate of the Borrower or the Seller, which satisfies the eligibility requirements set forth in Section 4.4(g) and which makes the representations of the Collateral Agent set forth herein to the Borrower, the Administrative Agent and the Lenders in connection with the assumption of the Collateral Agent’s duties hereunderis a Qualified Institution.

Appears in 5 contracts

Samples: Loan and Security Agreement (Crescent Capital BDC, Inc.), Loan and Security Agreement (Crescent Capital BDC, Inc.), Loan and Security Agreement (Crescent Capital BDC, Inc.)

Custodianship; Transfer of Loans and Permitted Investments. (a) The Collateral Agent shall hold all Certificated Securities and Instruments in physical form at its office set forth in Section 5.5(c) hereof. Any successor Collateral Agent shall be a state or national bank or trust company which is not an Affiliate of the Borrower or the Seller, which satisfies the eligibility requirements set forth in Section 4.4(g) is a Qualified Institution and which makes the representations of the Collateral Agent set forth herein to the Borrower, the Administrative Agent and the Lenders in connection with the assumption of the Collateral Agent’s duties hereunder.

Appears in 3 contracts

Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Strategic Income Corp), Loan and Security Agreement (Fifth Street Senior Floating Rate Corp.)

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Custodianship; Transfer of Loans and Permitted Investments. (a) The Collateral Agent shall hold all Certificated Securities and Instruments in physical form at its office offices set forth in Section 5.5(c) hereof). Any successor Collateral Agent shall be a state or national bank or trust company which is not an Affiliate of the Borrower or the Sellerany Affiliate Transferor, which satisfies the eligibility requirements set forth in Section 4.4(g) and which makes the representations of the Collateral Agent set forth herein to the Borrower, the Administrative Agent and the Lenders in connection with the assumption of the Collateral Agent’s duties hereunderis a Qualified Institution.

Appears in 2 contracts

Samples: Loan and Security Agreement (Stepstone Private Credit Fund LLC), Loan and Security Agreement (Stepstone Private Credit Fund LLC)

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