Treatment of Amounts Deposited in the Collection Account. Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Account pursuant to this Section 2.10 on account of Portfolio Assets shall be treated as payments of Collections for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.
Appears in 4 contracts
Samples: Loan and Servicing Agreement (ACRES Commercial Realty Corp.), Loan and Servicing Agreement (ACRES Commercial Realty Corp.), Loan and Servicing Agreement (ACRES Commercial Realty Corp.)
Treatment of Amounts Deposited in the Collection Account. Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Account pursuant to this Section 2.10 2.07 on account of Portfolio Loan Assets shall be treated as payments of Principal Collections for purposes of Section 2.08 2.05 and shall be applied as a provided in Section 2.08(a) or Section 2.08(c2.05(c), as applicable.
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.)
Treatment of Amounts Deposited in the Collection Account. Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Account pursuant to this Section 2.10 on account of Portfolio Assets shall be treated as payments of Principal Collections (other than in connection with the sale of accrued interest which shall be treated as a payment of Current Income Collections) for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.), Loan and Servicing Agreement (TCG BDC II, Inc.)
Treatment of Amounts Deposited in the Collection Account. Amounts deposited by the Borrower or the Portfolio Asset any Underlying Servicer in the Collection Account pursuant to this Section 2.10 on account of Portfolio Loan Assets shall be treated as payments of Collections for purposes of Section 2.08 and shall be applied as and when provided in Section 2.08(a) or Section 2.08(c), as applicable2.08.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Servicing Agreement (FS Credit Real Estate Income Trust, Inc.)
Treatment of Amounts Deposited in the Collection Account. Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Account pursuant to this Section 2.10 on account of Portfolio Loan Assets shall be treated as payments of Principal Collections for purposes of Section 2.08 and shall be applied as and when provided in Section 2.08(a) or Section 2.08(c2.08(b), as applicable.
Appears in 1 contract
Treatment of Amounts Deposited in the Collection Account. Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Account pursuant to this Section 2.10 on account of Portfolio Assets shall be treated as payments of Principal Collections (other than in NAI-15121569431515895953v1213 -46- connection with the sale of accrued interest which shall be treated as a payment of Current Income Collections) for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.
Appears in 1 contract
Treatment of Amounts Deposited in the Collection Account. Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Account pursuant to this Section 2.10 2.11 on account of Portfolio Assets shall be treated as payments of Collections for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c2.08(b), as applicable.
Appears in 1 contract
Samples: Loan and Servicing Agreement (Business Development Corp of America)
Treatment of Amounts Deposited in the Collection Account. Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Account pursuant to this Section 2.10 on account NAI-1528532842v5 of Portfolio Assets shall be treated as payments of Collections for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.
Appears in 1 contract
Samples: Loan and Servicing Agreement (ACRES Commercial Realty Corp.)
