Remittance Procedures. On each Payment Date, the Servicer, on behalf of the Borrower, shall instruct the Account Bank to apply funds on deposit in the Collection Account as described in this Section 2.05; provided that, at any time after delivery of Notice of Exclusive Control, the Administrative Agent shall instruct the Account Bank to apply funds on deposit in the Collection Account as described in this Section 2.05.
Appears in 3 contracts
Samples: Loan and Servicing Agreement (KKR Real Estate Finance Trust Inc.), Loan and Servicing Agreement (KKR Real Estate Finance Trust Inc.), Loan and Servicing Agreement (KKR Real Estate Finance Trust Inc.)
Remittance Procedures. On each Payment DateDate (including, Inter-Period Payment Dates), the ServicerAdministrative Agent, on behalf of the Borrower, shall instruct the Account Bank to apply remit funds on deposit in the Collection Account Accounts as described in this Section 2.05; provided that, at any time after delivery of Notice of Exclusive Control, 2.08 in accordance with the Administrative Agent shall instruct the Account Bank to apply funds on deposit in the Collection Account as described in this Section 2.05Payment Date Report for such Payment Date.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Carlyle Secured Lending III), Loan and Servicing Agreement (Carlyle Secured Lending III)
