Interest Collections Sample Clauses

Interest Collections. On each Payment Date, so long as no Event of Default has occurred and is continuing, the Borrower shall direct the Collateral Custodian (which direction shall be deemed given upon receipt by the Collateral Custodian of the related Payment Date Report) to pay pursuant to the latest Payment Date Report (and the Collateral Custodian shall make payment from the Interest Collection Account to the extent of Available Funds, in reliance on the information set forth in such Payment Date Report) to the following Persons, the following amounts in the following order of priority: (1) to the Borrower (or, at the Borrower’s election and with prior written notice to the Administrative Agent, to its direct or indirect equity holders), in respect of Taxes (but excluding all Taxes imposed on net income), registration and filing fees then due and owing by the Borrower (or its direct and indirect equity holders) that are attributable solely to the operations of the Borrower; provided that amounts payable with respect to Taxes, registration and filing fees pursuant to this clause (1) during any one year shall not, individually or in the aggregate, exceed 4.00% of the Borrower’s taxable income for such year; (2) first, to the Collateral Custodian, the Collateral Administrator and the Securities Intermediary, pro rata, in an amount equal to any accrued and unpaid Collateral Custodian Fees, and second, to the Collateral Manager, in an amount equal to all reasonable and necessary out-of-pocket costs and expenses of the Collateral Manager incurred in connection with any sale of Collateral, not to exceed $75,000 in the aggregate during any calendar year; (3) to pay regular scheduled payments, any fees and reasonable and necessary expenses incurred under any hedge agreement, not to exceed $75,000 in the aggregate per calendar year and, during the Revolving Period, to the payment of any hedge breakage or termination costs owed by the Borrower not to exceed $75,000 in the aggregate per calendar year; (4) [reserved]; [FS Investment] Loan and Security Agreement (5) to the Collateral Manager, first, to pay any accrued and unpaid Senior Collateral Manager Fees, and, second, to pay all documented fees and expenses of the Collateral Manager (including reasonable attorney’s fees, costs and expenses), in each case in an aggregate amount with respect to such documented fees and expenses in any rolling 12-month period not to exceed $75,000; (6) to the Administrative Agent, in an amount equal to...

Interest Collections. Any and all (i) amounts received in respect of any interest, fees or other similar charges on a Transferred Loan (other than a Defaulted Loan) from or on behalf of any Obligors that are deposited into the Collection Account, (ii) all payments or proceeds of any Defaulted Loan to the extent that such payments and proceeds in the aggregate exceed the principal balance of such Defaulted Loan, (iii) all payments and proceeds from Supplemental Interests, and (iv) interest and other net earnings from amounts on deposit in the Collection Account. For the avoidance of doubt, no amounts that relate to Defaulted Loans, other than as provided in clause (ii) above, shall constitute “Interest Collections”.

Interest Collections. With respect to any Settlement Period, the aggregate of the following amounts (without duplication): all payments of interest, late payment charges and other fees made by Purchasers with respect to the Collateral; provided, however, that (i) if any of the aforementioned amounts have been conditionally credited to the account in which such amounts have been deposited during such Settlement Period but are subsequently deducted from such account as a result of a chargeback of uncollected funds by the financial institution at which such account is maintained prior to the allocation of such amounts pursuant to the SPV Loan Agreement, then such aforementioned amounts shall be calculated net of any such chargeback and (ii) if such chargeback occurs after such allocation, the amount of such chargeback can be withdrawn from subsequently received Interest Collections.