Common use of Document Custodian Resignation Clause in Contracts

Document Custodian Resignation. (a) The Document Custodian may resign and be discharged from its duties or obligations hereunder by giving not less than 90 days written notice thereof to the Administrative Agent and the Investment Manager. For the avoidance of doubt, the Document Custodian shall be entitled to receive, as and when such amounts are payable in accordance with this Agreement, any fees accrued through the effective date of its resignation pursuant to and in accordance with this Section 14.7. Notwithstanding anything herein to the contrary, the Document Xxxxxxxxx may not resign prior to a successor Document Xxxxxxxxx being appointed. For the avoidance of doubt, any Collateral Custodian Fee shall be payable to the Document Custodian so resigning until such time as a successor Document Custodian shall have been appointed. Upon receipt of any such notice pursuant to this Section 14.7, the Administrative Agent will provide notification to the Lenders with respect thereto.

Appears in 2 contracts

Samples: Loan, Security and Investment Management Agreement (Investcorp US Institutional Private Credit Fund), Loan, Security and Investment Management Agreement (Investcorp US Institutional Private Credit Fund)

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Document Custodian Resignation. (a) The Document Custodian may resign and be discharged from its duties or obligations hereunder by giving not less than 90 ninety (90) days written notice thereof to the Administrative Agent Agent, the Borrower, and the Investment Collateral Manager. For the avoidance of doubt, the Document Custodian shall be entitled to receive, as and when such amounts are payable in accordance with this Agreement, any fees accrued through the effective date of its resignation pursuant to and in accordance with this Section 14.713.7. Notwithstanding anything herein to the contrary, the Document Xxxxxxxxx may not resign prior to a successor Document Xxxxxxxxx being appointed. For the avoidance of doubt, any Collateral Custodian Fee shall be payable to the Document Custodian so resigning until such time as a successor Document Custodian shall have been appointed. Upon receipt of any such notice pursuant to this Section 14.7, the Administrative Agent will provide notification to the Lenders with respect thereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.)

Document Custodian Resignation. (a) The Document Custodian may resign and be discharged from its duties or obligations hereunder by giving not less than 90 ninety (90) days written notice thereof to the Administrative Agent Agent, the Borrower, and the Investment Collateral Manager. For the avoidance of doubt, the Document Custodian shall be entitled to receive, as and when such amounts are payable in accordance with this Agreement, any fees accrued through the effective date of its resignation pursuant to and in accordance with this Section 14.7. Notwithstanding anything herein to the contrary, the Document Xxxxxxxxx Custodian may not resign prior to a successor Document Xxxxxxxxx Custodian being appointed. For the avoidance of doubt, any Collateral Custodian Fee shall be payable to the Document Custodian so resigning until such time as a successor Document Custodian shall have been appointed. Upon receipt of any such notice pursuant to this Section 14.7, the Administrative Agent will provide notification to the Lenders with respect thereto.

Appears in 1 contract

Samples: Loan, Security and Collateral Management Agreement (First Eagle Credit Opportunities Fund)

Document Custodian Resignation. (a) The Document Custodian may resign and be discharged from its duties or obligations hereunder by giving not less than 90 days written notice thereof to the Administrative Agent and the Investment InvestmentCollateral Manager. For the avoidance of doubt, the Document Custodian shall be entitled to receive, as and when such amounts are payable in accordance with this Agreement, any fees accrued through the effective date of its resignation pursuant to and in accordance with this Section 14.7. Notwithstanding anything herein to the contrary, the Document Xxxxxxxxx may not resign prior to a successor Document Xxxxxxxxx being appointed. For the avoidance of doubt, any Collateral Custodian Fee shall be payable to the Document Custodian so resigning until such time as a successor Document Custodian shall have been appointed. Upon receipt of any such notice pursuant to this Section 14.7, the Administrative Agent will provide notification to the Lenders with respect thereto.

Appears in 1 contract

Samples: Loan, Security and Investment Management Agreement (Investcorp US Institutional Private Credit Fund)

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Document Custodian Resignation. (a) The Document Custodian may resign and be discharged from its duties or obligations hereunder by giving not less than 90 ninety (90) days written notice thereof to the Administrative Agent Agent, the Borrower, and the Investment ManagerServicer. For the avoidance of doubt, the Document Custodian shall be entitled to receive, as and when such amounts are payable in accordance with this Agreement, any fees accrued through the effective date of its resignation pursuant to and in accordance with this Section 14.7. Notwithstanding anything herein to the contrary, the Document Xxxxxxxxx Cxxxxxxxx may not resign prior to a successor Document Xxxxxxxxx Cxxxxxxxx being appointed. For the avoidance of doubt, any Collateral Custodian Fee shall be payable to the Document Custodian so resigning until such time as a successor Document Custodian shall have been appointed. Upon receipt of any such notice pursuant to this Section 14.7, the Administrative Agent will provide notification to the Lenders with respect thereto.

Appears in 1 contract

Samples: Loan, Security and Servicing Agreement (Monroe Capital Income Plus Corp)

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