Turnover of Collateral. If a Secured Party acquires custody, control or possession of any Collateral or the Proceeds therefrom, other than pursuant to the terms of this Agreement or on account of any payment that is not expressly prohibited hereby, such Secured Party shall promptly (but in any event within five (5) Business Days) cause such Collateral or Proceeds to be Delivered in accordance with the provisions of this Agreement. Until such time as such Secured Party shall have complied with the provisions of the immediately preceding sentence, such Secured Party shall be deemed to hold such Collateral and Proceeds in trust for the benefit of the Collateral Agent.
Appears in 10 contracts
Samples: Guarantee, Pledge and Security Agreement (Barings Capital Investment Corp), Guarantee, Pledge and Security Agreement, Guarantee, Pledge and Security Agreement (Barings BDC, Inc.)
Turnover of Collateral. If a Secured Party acquires custody, control or possession of any Collateral or the Proceeds therefrom, other than pursuant to the terms of this Agreement or on account of any payment that is not expressly prohibited hereby, such Secured Party shall promptly (but in any event within five (5) Business Days) cause such Collateral or Proceeds to be Delivered in accordance with the provisions of this Agreement. Until such time as such Secured Party shall have complied with the provisions of the immediately preceding sentence, such Secured Party shall be deemed to hold such Collateral and Proceeds in trust for the benefit of the Collateral Agent.
Appears in 9 contracts
Samples: Guarantee, Pledge and Security Agreement (Alcentra Capital Corp), Senior Secured Revolving Credit Agreement (FS Investment CORP), Guarantee, Pledge and Security Agreement (FS Energy & Power Fund)
Turnover of Collateral. If a Secured Party acquires custody, control or possession of any Collateral or the Proceeds proceeds therefrom, other than pursuant to the terms of this Agreement or on account of any payment that is not expressly prohibited herebyAgreement, such Secured Party shall promptly (but in any event within five (5) Business Days) cause turn over and/or Deliver such Collateral or Proceeds proceeds to be Delivered the Custodian on behalf of the Collateral Agent in accordance with the provisions of this Agreement. Until such time as such Secured Party shall have complied with the provisions of the immediately preceding sentence, such Secured Party shall be deemed to hold such Collateral and Proceeds proceeds in trust for the benefit of the Collateral Agent.
Appears in 6 contracts
Samples: Loan Agreement, Guarantee and Security Agreement (Nuveen Mortgage Opportunity Term Fund 2), Guarantee and Security Agreement (Nuveen Mortgage Opportunity Term Fund 2)
Turnover of Collateral. If a Secured Party acquires custody, control or possession of any Collateral or the Proceeds therefrom, other than pursuant to the terms of this Agreement or on account of any payment that is not expressly prohibited herebyAgreement, such Secured Party shall promptly (but in any event within five (5) Business Days) cause such Collateral or Proceeds to be Delivered in accordance with the provisions of this Agreement. Until such time as such Secured Party shall have complied with the provisions of the immediately preceding sentence, such Secured Party shall be deemed to hold such Collateral and Proceeds in trust for the benefit of the Collateral Agent.
Appears in 6 contracts
Samples: Senior Secured Revolving Credit Agreement (Goldman Sachs BDC, Inc.), Guarantee and Security Agreement (Stellus Capital Investment Corp), Guarantee and Security Agreement (New Mountain Finance Corp)
Turnover of Collateral. If a Secured Party acquires custody, control or possession of any Collateral or the Proceeds proceeds therefrom, other than pursuant to the terms of this Agreement or on account of any payment that is not expressly prohibited herebyAgreement, such Secured Party shall promptly (but in any event within five (5) Business Days) cause such Collateral or Proceeds proceeds to be Delivered in accordance with the provisions of this Agreement. Until such time as such Secured Party shall have complied with the provisions of the immediately preceding sentence, such Secured Party shall be deemed to hold such Collateral and Proceeds proceeds in trust for the benefit of the Collateral Agent.
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (Franklin BSP Capital Corp), Omnibus Amendment (Corporate Capital Trust, Inc.), Guarantee and Security Agreement (Corporate Capital Trust, Inc.)
Turnover of Collateral. If a Secured Party acquires custody, control or possession of any Collateral or the Proceeds therefrom, proceeds therefrom other than pursuant to the terms of this Agreement or on account of any payment that is not expressly prohibited herebyAgreement, such Secured Party shall promptly (but in any event within five (5) Business Days) cause such Collateral or Proceeds proceeds to be Delivered delivered to the Collateral Agent in accordance with the provisions of this Agreement. Until such time as such Secured Party shall have complied with the provisions of the immediately preceding sentence, such Secured Party shall be deemed to hold such Collateral and Proceeds proceeds in trust for the benefit of the Collateral AgentAgent and the other Secured Parties.
Appears in 3 contracts
Samples: Master Investment and Credit Agreement, Security and Intercreditor Agreement, Master Investment and Credit Agreement (American International Group Inc)
Turnover of Collateral. If a Secured Party acquires custody, control or possession of any Collateral or the Proceeds therefrom, other than pursuant to the terms of this Agreement or on account of any payment that is not expressly prohibited hereby, such Secured Party shall promptly (but in any event within five (5) Business Days) cause such Collateral or Proceeds to be Delivered in accordance with the provisions of this Agreement. Until such time as such Secured Party shall have complied with the provisions of the immediately preceding sentence, such Secured Party shall be deemed to hold such Collateral and Proceeds in trust for the benefit of the Collateral Agent. 522144.000028 21651939.2 00000000.0.
Appears in 1 contract
Samples: Guarantee, Pledge and Security Agreement (Capital Southwest Corp)
Turnover of Collateral. If a Secured Party acquires custody, control or possession of any Collateral or the Proceeds therefrom, other than pursuant to the terms of this Agreement or on account of any payment that is not expressly prohibited herebyAgreement, such Secured Party shall promptly (but in any event within five (5) Business Days) cause such Collateral or Proceeds to be Delivered in accordance with the provisions of this Agreement. Until such time as such Secured Party shall have complied with the provisions of the immediately preceding sentence, such Secured Party shall be deemed to hold such Collateral and or Proceeds in trust for the benefit of the Collateral Agent.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Bain Capital Specialty Finance, Inc.)
