Instructions to the Account Bank. All instructions and directions given to the Account Bank by the Calculation Agent, the Borrower (or the Portfolio Asset Servicer on its behalf) or the Administrative Agent (as applicable) pursuant to this Section 2.08 shall be in writing (including instructions and directions transmitted to the Account Bank by facsimile or e-mail) or pursuant to an electronic transmission system established between the Calculation Agent and the Account Bank on the Closing Date. The Calculation Agent and the Borrower (or the Portfolio Asset Servicer on its behalf) shall transmit to the Administrative Agent by facsimile or e-mail a copy of all instructions and directions given -42- to the Account Bank by such party pursuant to this Section 2.08 concurrently with the delivery thereof (unless the Administrative Agent has access to the electronic transmission system established with the Account Bank on the Closing Date for the purpose of monitoring activities in the Collection Account). The Administrative Agent shall transmit to the Calculation Agent and the Borrower by facsimile or e-mail a copy of all instructions and directions given to the Account Bank by the Administrative Agent pursuant to this Section 2.08 concurrently with the delivery thereof.
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Instructions to the Account Bank. All instructions and directions given to the Account Bank by the Calculation Agent, the Borrower (or the Portfolio Asset Servicer on its behalf) or the Administrative Agent (as applicable) pursuant to this Section 2.08 shall be in writing (including instructions and directions transmitted to the Account Bank by facsimile or e-mail) or pursuant to an electronic transmission system established between the Calculation Agent and the Account Bank on the Closing Date. The Calculation Agent and the Borrower (or the Portfolio Asset Servicer on its behalf) shall transmit to the Administrative Agent by facsimile or e-mail a copy of all instructions and directions given -42- to the Account Bank by such party pursuant to this Section 2.08 concurrently with the delivery thereof (unless the Administrative Agent has access to the electronic transmission system established with the Account Bank on the Closing Date for the purpose of monitoring activities in the Collection Account). The Administrative Agent shall transmit to the Calculation Agent and the Borrower by facsimile or e-mail a copy of all instructions and directions given to the Account Bank by the Administrative Agent pursuant to this Section 2.08 concurrently with the delivery thereof.. NAI-15121569431515895953v1213 -43-
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Instructions to the Account Bank. All instructions and directions given to the Account Bank by the Calculation Agent, the Borrower (or the Portfolio Asset Servicer on its behalf) or the Administrative Agent (as applicable) pursuant to this Section 2.08 shall be in writing (including instructions and directions transmitted to the Account Bank by facsimile or e-maile‐mail) or pursuant to an electronic transmission system established between the Calculation CalculationAdministrative Agent and the Account Bank on the Closing Date. The Calculation Agent and the Borrower (or the Portfolio Asset Servicer on its behalf) shall transmit to the Administrative Agent by facsimile or e-mail e‐mail a copy of all instructions and directions given -42- to the Account Bank by such party pursuant to this Section 2.08 concurrently with the delivery thereof (unless the Administrative Agent has access to the electronic transmission system established with the Account Bank on the Closing Date for the purpose of monitoring activities in the Collection Account). The Administrative Agent shall transmit to the Calculation Agent and the Borrower by facsimile or e-mail e‐mail a copy of all instructions and directions given to the Account Bank by the Administrative Agent pursuant to this Section 2.08 concurrently with the delivery thereof.
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Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.)
Instructions to the Account Bank. All instructions and directions given to the Account Bank by the Calculation Agent, the Borrower (or the Portfolio Asset Servicer on its behalf) or the Administrative Agent (as applicable) pursuant to this Section 2.08 shall be in writing (including instructions and directions transmitted to the Account Bank by facsimile or e-mail) or pursuant to an electronic transmission system established between the Calculation Agent and the Account Bank on the Closing Date. The Calculation Agent and the Borrower (or the Portfolio Asset Servicer on its behalf) shall transmit to the Administrative Agent by facsimile or e-mail a copy of all instructions and directions given -42- to the Account Bank by such party pursuant to this Section 2.08 concurrently with the delivery thereof (unless the Administrative Agent has access to the electronic transmission system established with the Account Bank on the Closing Date for the purpose of monitoring activities in the Collection Account). The Administrative Agent shall transmit to the Calculation Agent and the Borrower by facsimile or e-mail a copy of all instructions and directions given to the Account Bank by the Administrative Agent pursuant to this Section 2.08 concurrently with the delivery thereof.mail
Appears in 1 contract
Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.)