Transmission of Related Documents. Written instructions as to the method of shipment and shipper(s) the Document Custodian is directed to utilize in connection with the transmission of Related Documents in the performance of the Document Custodian’s duties hereunder shall be delivered by the Borrower or the Collateral Manager to the Document Custodian prior to any shipment of any Related Documents hereunder. In the event the Document Custodian does not receive such written instruction from the Borrower or the Collateral Manager, the Document Custodian shall be authorized and indemnified as provided herein to utilize a nationally recognized courier service. The Collateral Manager shall arrange for the provision of such services at the sole cost and expense of the Borrower (or, at the Document Custodian’s option, reimburse the Document Custodian for all reasonable and documented out-of-pocket costs and expenses incurred by the Document Custodian consistent with such instructions in accordance with Section 16.04) and shall maintain such insurance against loss or damage to the Related Documents as the Collateral Manager deems appropriate.
Appears in 6 contracts
Samples: Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit and Security Agreement (Monroe Capital Income Plus Corp), Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp)
Transmission of Related Documents. Written instructions as to the method of shipment and shipper(s) the Document Custodian is directed to utilize in connection with the transmission of Related Documents in the performance of the Document Custodian’s duties hereunder shall be delivered by the Borrower or the Collateral Manager to the Document Custodian prior to any shipment of any Related Documents hereunder. In the event the Document Custodian does not receive such written instruction from the Borrower or the Collateral Manager, the Document Custodian shall be authorized and indemnified as provided herein to utilize a nationally recognized courier service. The Collateral Manager shall arrange for the provision of such services at the sole cost and expense of the Borrower (or, at the Document Custodian’s option, reimburse the Document Custodian for all reasonable and documented out-of-pocket costs and expenses incurred by the Document Custodian consistent with such instructions in accordance with Section 16.04) and shall maintain such insurance against loss or damage to the Related Documents as the Collateral Manager deems appropriate.. Section 14.14
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp)
