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Common use of Instructions to Obligors Clause in Contracts

Instructions to Obligors. The Collection Account is the only account to which Obligors have been instructed by the Seller to send Principal Collections and Interest Collections on the Sale Portfolio.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (FS Investment Corp III), Purchase and Sale Agreement (FS Energy & Power Fund), Purchase and Sale Agreement (FS Investment Corp II)

Instructions to Obligors. The Collection Account is the only account to which Obligors Obligors, agent banks or administrative agents on the Loan Assets have been instructed by the Seller Transferor on the Purchaser's behalf to send Principal Collections and Interest Collections on the Sale Portfolio.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Monroe Capital Income Plus Corp), Purchase and Sale Agreement (Monroe Capital Income Plus Corp)