Common use of Initial Backup Servicer Clause in Contracts

Initial Backup Servicer. The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.1. Until the Administrative Agent shall give to Xxxxx Fargo a Backup Servicer Termination Notice, Xxxxx Fargo is hereby designated as, and hereby agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.

Appears in 16 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Initial Backup Servicer. The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.1. Until the Administrative Agent shall give to Xxxxx Wxxxx Fargo a Backup Servicer Termination Notice, Xxxxx Wxxxx Fargo is hereby designated as, and hereby agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.

Appears in 11 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Initial Backup Servicer. The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.17.01. Until the Administrative Agent shall give to Xxxxx Fargo Bank, N.A. a Backup Servicer Termination Notice, Xxxxx Fargo Bank, N.A. is hereby designated as, and hereby agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.

Appears in 7 contracts

Samples: Loan and Servicing Agreement (SLR Investment Corp.), Ninth Amendment to the Loan and Servicing Agreement (SLR Senior Investment Corp.), Loan and Servicing Agreement (Solar Senior Capital Ltd.)

Initial Backup Servicer. The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.17.01. Until the Administrative Agent shall give to Xxxxx Fargo Bank, National Association a Backup Servicer Termination Notice, Xxxxx Fargo Bank, National Association is hereby designated as, and hereby agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.

Appears in 7 contracts

Samples: Loan and Servicing Agreement, Loan and Servicing Agreement (TCG Bdc, Inc.), Loan and Servicing Agreement (Carlyle GMS Finance, Inc.)

Initial Backup Servicer. The backup servicing role with respect to the Collateral Assets in the Asset Pool shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.1. Until the Administrative Agent shall give to Xxxxx Fargo a Backup Servicer Termination Notice, Xxxxx Fargo is hereby designated as, and hereby agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (MCG Capital Corp), Sale and Servicing Agreement (MCG Capital Corp)

Initial Backup Servicer. The backup servicing role with respect to the Collateral Assets in the Asset Pool shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.17. 1. Until the Administrative Agent shall give to Xxxxx Fargo a Backup Servicer Termination Notice, Xxxxx Fargo is hereby designated as, and hereby agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.

Appears in 2 contracts

Samples: Loan Certificate and Servicing Agreement (Capitalsource Inc), Loan Certificate and Servicing Agreement (Capitalsource Inc)

Initial Backup Servicer. The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.17.01. Until the Administrative Agent shall give to Xxxxx Fargo Bank, N.A. a Backup Servicer Termination Notice, Xxxxx Fargo Bank, N.A. is hereby designated as, and hereby xxxxxx agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.

Appears in 1 contract

Samples: Loan and Servicing Agreement (SLR Investment Corp.)

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Initial Backup Servicer. The backup servicing role with respect to the Collateral Assets in the Asset Pool shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.1. Until the Administrative Agent shall give to Xxxxx Wxxxx Fargo a Backup Servicer Termination Notice, Xxxxx Wxxxx Fargo is hereby designated as, and hereby agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.

Appears in 1 contract

Samples: Loan Certificate and Servicing Agreement (Capitalsource Inc)

Initial Backup Servicer. The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.17.01. Until the Administrative Agent shall give to Xxxxx Fargo Bank, National Association a Backup 121 DMSLIBRARY01\30388519.v8 Servicer Termination Notice, Xxxxx Fargo Bank, National Association is hereby designated as, and hereby agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.

Appears in 1 contract

Samples: Loan and Servicing Agreement (TCG Bdc, Inc.)

Initial Backup Servicer. The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 7.17.01. Until the Administrative Agent shall give to Xxxxx Fargo Bank, National Association a Backup Servicer Termination Notice, Xxxxx Fargo Bank, National Association is hereby designated as, and hereby agrees to perform the duties and obligations of, a Backup Servicer pursuant to the terms hereof.. 138 DMSLIBRARY01\32370595.v1

Appears in 1 contract

Samples: Loan and Servicing Agreement (TCG Bdc, Inc.)

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