Common use of Payment of Certain Expenses by Portfolio Asset Servicer Clause in Contracts

Payment of Certain Expenses by Portfolio Asset Servicer. The Borrower (or the Portfolio Asset Servicer on its behalf to the extent amounts are available in the Collection Accounts and the Expense Reserve Account of the Borrower), will be required to pay all reasonable and documented fees and expenses owing to the Account Bank in connection with the maintenance of such Collection Accounts of the Borrower. The Applicable Servicer shall be reimbursed for any reasonable and documented out-of-pocket expenses incurred hereunder (including reasonable and documented out-of-pocket expenses paid by the Applicable Servicer on behalf of the Borrower), subject to the availability of funds pursuant to Section 2.08; provided that, to the extent funds are not available for such reimbursement, the Applicable Servicer shall be entitled to repayment of such expenses from the Borrower and if the Borrower fails to so reimburse the Applicable Servicer, the Applicable Servicer shall be entitled to be reimbursed by the Lenders (and each Lender hereby agrees to so reimburse the Applicable Servicer as provided herein) within 10 Business Days of receipt of an invoice therefor.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Carlyle Secured Lending III), Loan and Servicing Agreement (Carlyle Secured Lending III)

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Payment of Certain Expenses by Portfolio Asset Servicer. The Borrower (or the Portfolio Asset Servicer on its behalf to the extent amounts are available in the Collection Accounts Account and the Expense Reserve Account of the Borrower), will be required to pay all reasonable and documented fees and expenses owing to the Account Bank in connection with the maintenance of such Collection Accounts Account of the Borrower. The Applicable Servicer shall be reimbursed for any reasonable and documented out-of-pocket expenses incurred hereunder (including reasonable and documented out-of-pocket expenses paid by the Applicable Servicer on behalf of the Borrower), subject to the availability of funds pursuant to Section 2.08; provided that, to the extent funds are not available for such reimbursement, the Applicable Servicer shall be entitled to repayment of such expenses from the Borrower and if the Borrower fails to so reimburse the Applicable Servicer, the Applicable Servicer shall be entitled to be reimbursed by the Lenders (and each Lender hereby agrees to so reimburse the Applicable Servicer as provided herein) within 10 Business Days of receipt of an invoice therefor.

Appears in 1 contract

Samples: Loan and Servicing Agreement (TCG BDC II, Inc.)

Payment of Certain Expenses by Portfolio Asset Servicer. The Borrower (or the Portfolio Asset Servicer on its behalf to the extent amounts are available in the Collection Accounts AccountAccounts and the Expense Reserve Account of the Borrower), will be required to pay all reasonable and documented fees and expenses owing to the Account Bank in connection with the maintenance of such Collection Accounts AccountAccounts of the Borrower. The Applicable Servicer shall be reimbursed for any reasonable and documented out-of-pocket out‐of‐pocket expenses incurred hereunder (including reasonable and documented out-of-pocket out‐of‐pocket expenses paid by the Applicable Servicer on behalf of the Borrower), subject to the availability of funds pursuant to Section 2.08; provided that, to the extent funds are not available for such reimbursement, the Applicable Servicer shall be entitled to repayment of such expenses from the Borrower and if the Borrower fails to so reimburse the Applicable Servicer, the Applicable Servicer shall be entitled to be reimbursed by the Lenders (and each Lender hereby agrees to so reimburse the Applicable Servicer as provided herein) within 10 Business Days of receipt of an invoice therefor.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.)

Payment of Certain Expenses by Portfolio Asset Servicer. The Borrower (or the Portfolio Asset Servicer on its behalf to the extent amounts are available in the Collection Accounts Account and the Expense Reserve Account of the Borrower), will be required to pay all reasonable and documented fees and expenses owing to the Account Bank in connection with the maintenance of such Collection Accounts Account of the Borrower. The Applicable Servicer shall be reimbursed for any reasonable and documented out-of-pocket expenses incurred hereunder (including reasonable and documented out-of-pocket expenses paid by the Applicable Servicer on behalf of the Borrower), subject to the availability of funds pursuant to Section 2.08; provided that, to the extent funds are not available for such reimbursement, the Applicable Servicer shall be entitled to repayment of such expenses from the Borrower and if the Borrower fails to so reimburse the Applicable Servicer, the Applicable Servicer shall be entitled to be reimbursed by the Lenders (and each Lender hereby agrees to so reimburse the Applicable Servicer as provided herein) within 10 Business Days of receipt of an invoice therefor.. NAI-15121569431515895953v1213 -98-

Appears in 1 contract

Samples: Loan and Servicing Agreement (TCG BDC II, Inc.)

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Payment of Certain Expenses by Portfolio Asset Servicer. The Borrower (or the Portfolio Asset Servicer on its behalf to the extent amounts are available in the Collection Accounts Account and the Expense Reserve Account of the Borrower), will be required to pay all reasonable and documented fees and expenses owing to the Account Bank in connection with the maintenance of such Collection Accounts Account of the Borrower. The Applicable Servicer shall be reimbursed for any reasonable and documented out-of-pocket expenses incurred hereunder (including reasonable and documented out-of-pocket expenses paid by the Applicable Servicer on behalf of the Borrower), subject to the availability of funds pursuant to Section 2.08; provided that, to the extent funds are not available for such reimbursement, the -85- Applicable Servicer shall be entitled to repayment of such expenses from the Borrower and if the Borrower fails to so reimburse the Applicable Servicer, the Applicable Servicer shall be entitled to be reimbursed by the Lenders (and each Lender hereby agrees to so reimburse the Applicable Servicer as provided herein) within 10 Business Days of receipt of an invoice therefor.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.)

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