Common use of Instructions to Obligors Clause in Contracts

Instructions to Obligors. The Borrower shall not make any change, or permit the Investment Adviser to make any change, in its instructions to administrative or payment agents or any Obligors regarding payments to be made with respect to the Collateral to the Custody Account, unless the Agent has given prior written consent to such change or such change would not be adverse to the Agent or the Lenders in any material respect.

Appears in 3 contracts

Samples: Credit Agreement (Terra Income Fund 6, LLC), Credit Agreement (Terra Property Trust, Inc.), Credit Agreement (Terra Income Fund 6, Inc.)

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Instructions to Obligors. The Borrower shall will not make any change, or permit the Investment Adviser Sub-Advisor to make any change, in its instructions to administrative or payment agents or any Obligors regarding payments to be made with respect to the Collateral any Investment Asset to the Custody Account, unless the Agent has given prior written consent consented to such change or such change would not be adverse to the Agent or the Lenders in any material respectchange.

Appears in 1 contract

Samples: Credit Agreement (FS Multi-Alternative Income Fund)

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Instructions to Obligors. The Borrower shall not make any change, or permit any Permitted Subsidiary or the Investment Adviser to make any change, in its instructions to administrative or payment agents or any Obligors regarding payments to be made with respect to the Collateral to the Custody Account or any Subsidiary Custody Account, unless the Agent has given prior written consent to such change or such change would not be adverse to the Agent or the Lenders in any material respectchange.

Appears in 1 contract

Samples: Credit Agreement (Flat Rock Opportunity Fund)

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