Common use of Obligor Notification Forms Clause in Contracts

Obligor Notification Forms. The Borrower shall furnish the Administrative Agent with an appropriate power of attorney to send (at the Administrative Agent’s discretion after the occurrence of an Event of Default) Obligor notification forms to give notice to the Obligors of the Secured Parties’ interest in the Collateral and the obligation to make payments as directed by the Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.)

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Obligor Notification Forms. The Borrower shall furnish each of the Administrative Agent and the Trustee with an appropriate power of attorney to send (at the Administrative Agent’s discretion after the occurrence of an a Termination Event of Defaultwhich has not been otherwise waived) Obligor notification forms to give notice to the Obligors of the Trustee’s interest on behalf of the Secured Parties’ interest Parties in the Collateral and the obligation to make payments as directed by the Administrative Agent.

Appears in 3 contracts

Samples: Revolving Credit Agreement (NewStar Financial, Inc.), Revolving Credit Agreement (NewStar Financial, Inc.), Revolving Credit Agreement (NewStar Financial, Inc.)

Obligor Notification Forms. The Borrower shall furnish the Trustee and the Administrative Agent with an appropriate power of attorney to send (at the Trustee’s discretion, or at the Administrative Agent’s discretion on the Trustee’s behalf, after the occurrence of an Event of Defaulta Termination Event) Obligor notification forms to give notice to the Obligors of the Secured Parties’ interest in the Collateral and the obligation to make payments as directed by the Trustee, or the Administrative AgentAgent on its behalf.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)

Obligor Notification Forms. The Borrower shall furnish the Administrative Agent with an appropriate power of attorney to send (at the Administrative Agent’s discretion after the occurrence of a Termination Event or an Event of DefaultUnmatured Termination Event) Obligor notification forms to give notice to the Obligors of the Secured Parties’ interest in the Collateral and the obligation to make payments as directed by the Administrative Agent.

Appears in 2 contracts

Samples: Secured Loan and Servicing Agreement (NewStar Financial, Inc.), Secured Loan and Servicing Agreement (NewStar Financial, Inc.)

Obligor Notification Forms. The Borrower shall furnish the Administrative Agent Trustee with an appropriate power of attorney to send (at the direction of the Administrative Agent’s discretion Agent after the occurrence and during the continuance of an Event of Defaulta Termination Event) Obligor notification forms to give notice to the Obligors and/or any appropriate agent with respect to any Agented Loan of the Secured Parties’ Trustee’s interest in the Collateral for the benefit of the Secured Parties and the obligation to make payments as directed by the Trustee acting at the direction of the Administrative Agent.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (NewStar Financial, Inc.), Loan and Servicing Agreement (NewStar Financial, Inc.)

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Obligor Notification Forms. The Borrower shall furnish the Administrative Agent with an appropriate power of attorney to send (at the direction of the Administrative Agent’s discretion after Agent following the declaration or occurrence of a Termination Event or an Unmatured Termination Event of Defaultthat has not been otherwise waived) Obligor notification forms to give notice to the Obligors of the Secured Parties’ Administrative Agent’s interest in the Collateral on behalf of the Secured Parties and the obligation to make payments as directed by the Administrative Agent, to the extent permitted in the Underlying Instruments.

Appears in 1 contract

Samples: Credit Agreement (Golub Capital BDC, Inc.)

Obligor Notification Forms. The Borrower shall furnish the Administrative Agent with an appropriate power of attorney to send (at the Administrative Agent’s discretion after the occurrence of an a Termination Event of Defaultwhich has not been otherwise waived) Obligor notification forms to give notice to the Obligors of the Secured Parties’ interest in the Collateral and the obligation to make payments as directed by the Administrative Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sparta Commercial Services, Inc.)

Obligor Notification Forms. The Borrower shall furnish the Administrative Agent Trustee with an appropriate power of attorney to send (at the direction of the Administrative Agent’s discretion Agent after the occurrence and during the continuation of an Event of Default) Obligor notification forms to give notice to the Obligors and/or any appropriate agent with respect to any Agented Loan of the Secured Parties’ Trustee’s interest in the Collateral for the benefit of the Secured Parties and the obligation to make payments as directed by the Trustee acting at the direction of the Administrative Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (NewStar Financial, Inc.)

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