Common use of Instructions for Collections Clause in Contracts

Instructions for Collections. The Collection Account is the only account to which the Obligors or any agent, administrative agent, Counterparty Lender, Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset have been instructed by the Borrower or the Portfolio Asset Servicer on Borrower’s behalf, to send Collections with respect to the Portfolio Assets. The Borrower has not granted any Person other than the Administrative Agent, for the benefit of the Secured Parties, an interest in the Collection Account.

Appears in 4 contracts

Samples: Loan and Servicing Agreement (ACRES Commercial Realty Corp.), Loan and Servicing Agreement (ACRES Commercial Realty Corp.), Loan and Servicing Agreement (ACRES Commercial Realty Corp.)

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Instructions for Collections. The Collection Account is the only account to which the Obligors or any agent, administrative agent, Counterparty Lender, Lender or Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset Agent have been instructed by the Borrower Borrower, or the Portfolio Asset Servicer on the Borrower’s behalf, to send Collections with respect to the Portfolio Assets. The Borrower has not granted any Person other than the Administrative Agent, for the benefit of the Secured Parties, an interest in the Collection Account or Expense Reserve Account.

Appears in 3 contracts

Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.), Loan and Servicing Agreement (TCG BDC II, Inc.), Loan and Servicing Agreement (TCG BDC II, Inc.)

Instructions for Collections. The Collection Account is the only account to which the Obligors or any agent, administrative agent, Counterparty Lender, Underlying Agent, Underlying Servicer or issuer of any Portfolio Loan Asset have been instructed by the Borrower or the Portfolio Asset Servicer on the Borrower’s behalf, to send Collections with respect to the Portfolio Loan Assets. The Borrower has not granted any Person other than the Administrative Agent, for the benefit of the Secured Parties, an a security interest in the Collection Account.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Servicing Agreement (FS Credit Real Estate Income Trust, Inc.)

Instructions for Collections. The Collection Account is Accounts are the only account accounts to which the Obligors or any agent, administrative agent, Counterparty Lender, Lender or Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset Agent have been instructed by the Borrower Borrower, or the Portfolio Asset Servicer on the Borrower’s 's behalf, to send Collections with respect to the Portfolio Assets. The Borrower has not granted any Person other than the Administrative Agent, for the benefit of the Secured Parties, an interest in the Collection Accounts, Expense Reserve Account, Operating Account or Custody Accounts.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Carlyle Secured Lending III), Loan and Servicing Agreement (Carlyle Secured Lending III)

Instructions for Collections. The Collection Account is Accounts are the only account accounts to which the Obligors or any agent, administrative agent, Counterparty Lender, Lender or Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset Agent have been instructed by the Borrower Borrower, or the Portfolio Asset Servicer on the Borrower’s 's behalf, to send Collections with respect to the Portfolio Assets. The Borrower has not granted any Person other than the Administrative Agent, for the benefit of the Secured Parties, an interest in the Collection Account.the

Appears in 1 contract

Samples: Loan and Servicing Agreement (Carlyle Secured Lending III)

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Instructions for Collections. The Collection Account is the only account to which the Obligors or any agent, administrative agent, Counterparty Lender, Lender or Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset as applicable have been instructed by the Borrower or the Portfolio Asset Servicer on Borrower’s behalf, to send Collections or amounts with respect to the Portfolio Assets. The Borrower has not granted any Person other than the Administrative Agent, for the benefit of the Secured Parties, an interest in the Collection AccountBorrower Accounts.

Appears in 1 contract

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

Instructions for Collections. The Collection Account is Accounts are the only account accounts to which the Obligors or any agent, administrative agent, Counterparty Lender, Lender or Underlying Agent, Underlying Servicer or issuer of any Portfolio Asset Agent have been instructed by the Borrower Borrower, or the Portfolio Asset Servicer on the Borrower’s behalf, to send Collections with respect to the Portfolio Assets. The Borrower has not granted any Person other than the Administrative Agent, for the benefit of the Secured Parties, an interest in the Collection Accounts, Expense Reserve Account, Operating Account or Custody Accounts.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.)

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