Common use of Resignation and Removal of Custodian Clause in Contracts

Resignation and Removal of Custodian. (a) Subject to subsection (d) below, the Custodian may resign its duties hereunder by providing the Administrative Agent, the Borrower and the Manager with at least 60 days’ prior written notice, unless it has received notice of any amendment, modification, supplement or waiver to any related agreement that materially adversely affects the obligations of the Custodian or adversely affects or otherwise modifies the compensation of the Custodian as set forth in Section 3 hereof, in which case the Custodian may resign its duties hereunder upon 10 days’ prior written notice to such parties.

Appears in 2 contracts

Samples: Custodial Agreement, Custodial Agreement (Corporate Capital Trust, Inc.)

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Resignation and Removal of Custodian. (a) Subject to subsection (d) below, the Custodian may resign its duties hereunder by providing the Administrative Agent, the Borrower and the Manager with at least 60 days’ prior written notice, unless it has received notice of any amendment, modification, supplement or waiver to any related agreement that materially adversely affects the obligations of the Custodian or adversely affects or otherwise modifies the compensation of the Custodian as set forth in Section 3 4(k) hereof, in which case the Custodian may resign its duties hereunder upon 10 days’ prior written notice to such parties.

Appears in 2 contracts

Samples: Custodial Agreement (American Capital, LTD), Custodial Agreement (FS Investment Corp II)

Resignation and Removal of Custodian. (a) Subject to subsection (d) below, the Custodian may resign its duties hereunder by providing the Administrative Agent, the Borrower and the Manager with at least 60 days’ prior written notice, unless it has received notice of any amendment, modification, supplement or waiver to any related agreement that materially adversely affects the obligations of the Custodian or adversely affects or otherwise modifies the compensation of the Custodian as set forth in Section 3 4(k) hereof, in which case the Custodian may resign its duties hereunder upon no less than 10 days’ prior written notice to such parties.

Appears in 1 contract

Samples: Custodial Agreement (FS Global Credit Opportunities Fund-D)

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Resignation and Removal of Custodian. (a) Subject to subsection (dSection 10(d) belowof this Agreement, the Custodian may resign its duties hereunder by providing the Administrative Agent, the Borrower and the Manager Company with at least 60 days’ prior written notice, unless it has received notice of any amendment, modification, supplement or waiver to any related agreement that materially adversely affects the obligations of the Custodian or adversely affects or otherwise modifies the compensation of the Custodian as set forth in Section 3 hereof5(l), in which case the Custodian may resign its duties hereunder upon 10 days’ prior written notice to such partiesnotice.

Appears in 1 contract

Samples: Custodial Agreement (American Capital Senior Floating, Ltd.)

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