Collateral Custodian Termination Notice has the meaning assigned to that term in Section 12.05.
Collateral Custodian Termination Notice. Defined in Section 8.5.
Collateral Custodian Termination Notice is defined in Section 14.
Examples of Collateral Custodian Termination Notice in a sentence
Upon the Collateral Custodian’s receipt of a Collateral Custodian Termination Notice from the Administrative Agent of the designation of a successor Collateral Custodian pursuant to the provisions of Section 11.05, the Collateral Custodian agrees that it will terminate its activities as Collateral Custodian hereunder.
More Definitions of Collateral Custodian Termination Notice
Collateral Custodian Termination Notice shall have the meaning set forth in Section 5(e).
Collateral Custodian Termination Notice. The meaning specified in Section 7.5. [FS Investment] Loan and Security Agreement
Collateral Custodian Termination Notice. The meaning specified in Section 7.5. “Collateral Manager”: The meaning specified in the Preamble. “Collateral Manager Default”: The occurrence of any one or more of the following: (a) the Collateral Manager fails to observe or perform in any material respect any covenant or agreement applicable to it in any Transaction Document (it being understood and agreed that the Collateral Manager shall have no responsibility for the creditworthiness or continuing eligibility of any Eligible Loan) and such failure continues unremedied for a period of 30 days (if such failure can be remedied) after the earlier to occur of (A) a Responsible Officer of the Collateral Manager’s actual knowledge of such failure or (B) its receipt of written notice of such failure; (b) the occurrence of an Event of Default described in any of Sections 9.1(b), (c) or (d) that results primarily from any material breach by the Collateral Manager of its duties under the Transaction Documents and which continues to be unremedied for a period of ten (10) Business Days; (c) an Insolvency Event shall occur with respect to the Collateral Manager; (d)
Collateral Custodian Termination Notice. The meaning specified in Section 7.5. “Collateral Manager”: The meaning specified in the Preamble. “Collateral Manager Default”: The occurrence of any one or more of the following: (a) the Collateral Manager in bad faith willfully violates, or takes any action that it knows breaches, any material provision of any Transaction Document applicable to it (other than a willful and intentional breach that results from a good faith dispute regarding reasonable alternative courses of action or interpretation of instructions); (b) the Collateral Manager fails to observe or perform any covenant or agreement applicable to it in any Transaction Document which has a material adverse effect on the Lenders (it being understood and agreed that the Collateral Manager shall have no responsibility for the creditworthiness or continuing eligibility of any Eligible Loan) and such failure continues unremedied for a period of 30 days (if such failure can be remedied) after the earlier to occur of (A) a Responsible Officer of the Collateral Manager’s actual knowledge of such failure or (B) its receipt of written notice of such failure; (c) any representation, warranty or certification made by the Collateral Manager in any Transaction Document or in any certificate delivered pursuant to any Transaction Document shall prove to have been incorrect when made, which has a material adverse effect on any Lender, the Collateral Custodian or the Administrative Agent and which continues to be unremedied for a period of thirty (30) days after the earlier to occur of (A) a Responsible Officer of the Collateral Manager’s actual knowledge of such failure or (B) its receipt of written notice of such failure; (d) the occurrence of an Event of Default that results primarily from any material breach by the Collateral Manager of its duties under the Transaction Documents and which continues to be unremedied for a period of ten (10) Business Days; (e) the Collateral Manager fails to maintain at least $3,000,000,000 of assets under its management; (f) New Mountain Finance Advisers BDC, L.L.C. (or an Affiliate thereof) ceases to be the Collateral Manager unless it is removed pursuant to Section 6.11; (g) an Insolvency Event shall occur with respect to the Collateral Manager; (h)
Collateral Custodian Termination Notice. The meaning specified in Section 7.5. “Collateral Manager”: The meaning specified in the Preamble. “Collateral Manager Default”: The occurrence of any one or more of the following: (a) the Collateral Manager in bad faith willfully violates, or takes any action that it knows breaches, any material provision of any Transaction Document applicable to it (other than a willful and intentional breach that results from a good faith dispute regarding reasonable alternative courses of action or interpretation of instructions); 12 USActive 60440347.7
Collateral Custodian Termination Notice has the meaning assigned to that term in Section 11.05. “Collateral Management Fees” means a fee equal to the product of (i) 0.25%, (ii) the aggregate outstanding principal balance of the Collateral Assets included in the Collateral
Collateral Custodian Termination Notice has the meaning assigned to that term in Section 11.05. “Collateral Management Fees” means a fee equal to the product of (i) 0.25%, (ii) the aggregate outstanding principal balance of the Collateral Assets included in the Collateral Portfolio and (iii) the actual number of days in such Collection Period divided by 360, payable quarterly in arrears on each Payment Date. “Collateral Manager” means at any time the Person then authorized, pursuant to Section 6.01, to service, administer, and collect on the Collateral Assets and exercise rights and remedies in respect of the same. “Collateral Manager Advance Date Report” has the meaning assigned to that term in Section 6.08(d). “Collateral Manager’s Certificate” has the meaning assigned to that term in Section 6.08(e). “Collateral Manager Report” has the meaning assigned to that term in Section 6.08(c). “Collateral Manager Standard” means, with respect to any Collateral Assets included in the Collateral Portfolio, to service and administer such Collateral Assets on behalf of the Secured Parties in accordance with Applicable Law, the terms of this Agreement, the Underlying Instruments, all customary and usual servicing practices for loans like the Collateral Assets and, to the extent consistent with the foregoing, (i) with reasonable care, using a degree of skill and diligence not less than that with which the Collateral Manager services and administers loans for its own account or for the account of its Affiliates having similar lending objectives and restrictions, and (ii) to the extent not inconsistent with clause (i), in a manner consistent with the customary and usual servicing practices, standards, policies and procedures USActive 60058040.860058040.11 -20-