Common use of Execution of Releases by Collateral Agent Clause in Contracts

Execution of Releases by Collateral Agent. Upon the sale or other transfer or purported transfer by an Obligor of assets to an Excluded Asset in a transaction not inconsistent with the requirements of the Credit Agreement, the Collateral Agent is hereby authorized to execute and deliver any such releases and other documents as the Borrower may reasonably request to evidence the release of such assets from the Lien of this Agreement.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Corporate Capital Trust, Inc.)

AutoNDA by SimpleDocs

Execution of Releases by Collateral Agent. Upon the sale or other transfer or purported transfer by an Obligor of assets to an Excluded Asset in a transaction that is not inconsistent with the requirements of prohibited by the Credit AgreementAgreement or any Designated Indebtedness Document, the Collateral Agent is hereby authorized to execute and deliver any such releases and other documents as the Borrower may reasonably request to evidence the release of such assets from the Lien of this Agreement.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Bain Capital Specialty Finance, Inc.)

Execution of Releases by Collateral Agent. Upon the sale or other transfer or purported transfer by an Obligor of assets to an Excluded Asset in a transaction not inconsistent with the requirements of as permitted under the Credit Agreement, the Collateral Agent is hereby authorized to execute and deliver any such releases and other documents as the Borrower may reasonably request to evidence the release of such assets from the Lien of this Agreement.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Franklin BSP Capital Corp)

AutoNDA by SimpleDocs

Execution of Releases by Collateral Agent. Upon the sale or other transfer or purported transfer by an Obligor of assets to an Excluded Asset in a transaction not inconsistent with the requirements of ofprohibited by the Credit AgreementAgreement or any Designated Indebtedness Document, the Collateral Agent is hereby authorized to execute and deliver any such releases and other documents as the Borrower may reasonably request to evidence the release of such assets from the Lien of this Agreement.

Appears in 1 contract

Samples: Omnibus Amendment (Corporate Capital Trust, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!