Portfolio Asset Servicer definition

Portfolio Asset Servicer means ACRES Capital Servicing LLC, not in its individual capacity, but in its capacity as portfolio asset servicer pursuant to the terms of this Agreement, together with its successors and permitted assigns, including any successor appointed pursuant to Article VIII.

Portfolio Asset Servicer means FS CREIT Finance MM-1 LLC, a Delaware limited liability company, not in its individual capacity, in its capacity as Portfolio Asset Servicer pursuant to the terms of this Agreement, together with its successors and permitted assigns, including any successor appointed pursuant to Article VIII.

Portfolio Asset Servicer means TCG BDC II, Inc., as servicer of the Portfolio Assets.

Examples of Portfolio Asset Servicer in a sentence

• Promptly after delivery to the Collateral Custodian of any request for release of documents, the Portfolio Asset Servicer shall provide notice of the same to the Administrative Agent.

• All documents so released to the Portfolio Asset Servicer shall be held by the Portfolio Asset Servicer in trust for the benefit of the Administrative Agent, on behalf of the Secured Parties, in accordance with the terms of this Agreement.

• The Portfolio Asset Servicer and the Borrower hereby acknowledge that the Administrative Agent and the Secured Parties are third party beneficiaries of the obligations undertaken by the Portfolio Asset Servicer hereunder.

• The Portfolio Asset Servicer shall take or cause to be taken all such actions as may be necessary or advisable to service, administer and collect on the Collateral from time to time, all in accordance with Applicable Law and the Servicing Standard and to take the actions of the Portfolio Asset Servicer under this Agreement and the other Transaction Documents.

• The Portfolio Asset Servicer will comply with the Servicing Standard and Applicable Law in realizing upon such Underlying Collateral, and employ practices and procedures including commercially reasonable efforts consistent with the Servicing Standard to enforce all obligations of Obligors by foreclosing upon, repossessing and causing the sale of such Underlying Collateral at public or private sale in circumstances other than those described in the preceding sentence.

• If consistent with the Servicing Standard (and, if applicable the relevant Participation Agreement), the Portfolio Asset Servicer, if directed by the Borrower, shall accelerate or vote to accelerate, as applicable, the maturity of all or any Scheduled Payments and other amounts due under any Portfolio Asset promptly after such Portfolio Asset owned by, or Underlying Loan Obligation with respect to, the Borrower, as applicable, becomes defaulted.

• The Portfolio Asset Servicer may not waive, modify or otherwise vary any provision of a Portfolio Asset in a manner that would impair the collectability of such Portfolio Asset contrary to the Servicing Standard.

• The Collateral Custodian shall upon its receipt of each such request for return executed by the Borrower and the Portfolio Asset Servicer or, during the continuation of an Event of Default, Administrative Agent promptly, but in any event within five (5) Business Days, return the Loan Asset File so requested to the Borrower or the Portfolio Asset Servicer, as applicable.

• The Portfolio Asset Servicer will collect or use commercially reasonable efforts to cause to be collected, all payments called for under the terms and provisions of the Portfolio Assets included in the Collateral as and when the same become due, all in accordance with the Servicing Standard.

• The limitations of this Section 9.08(b) shall not apply to the release of Required Loan Documents and any other Loan Asset Files held by the Collateral Custodian to the Portfolio Asset Servicer pursuant to Section 9.08(a).

More Definitions of Portfolio Asset Servicer

Portfolio Asset Servicer means Carlyle Credit Solutions, Inc. (formerly known as TCG BDC II, Inc.), as servicer of the Portfolio Assets.

Portfolio Asset Servicer means Carlyle Secured Lending III (or any successor by merger or other business combination that is managed or advised by Carlyle Global Credit Investment Management L.L.C. or an affiliate thereof; provided that, the Initial Lender received written notice of any such successor at least thirty (30) days in advance of such change), as servicer of the Portfolio Assets.

Portfolio Asset Servicer means, Business Development Corporation of America, not in its individual capacity, but in its capacity as portfolio asset servicer pursuant to the terms of this Agreement, together with its successors and permitted assigns, including any successor appointed pursuant to Article VIII.

Portfolio Asset Servicer means Amber CS, not in its individual capacity, in its capacity as portfolio asset servicer pursuant to the terms of this Agreement, together with its successors and permitted assigns, including any successor appointed pursuant to Article VIII.

Portfolio Asset Servicer means CMFT RE Lending Sub MM, LLC, not in its individual capacity, in its capacity as Portfolio Asset Servicer pursuant to the terms of this Agreement, together with its successors and permitted assigns, including any successor appointed pursuant to Article VIII.

Portfolio Asset Servicer means Carlyle Secured Lending III (or any successor by merger or other business combination that is managed or advised by Carlyle Global Credit Investment Management L.L.C. or an affiliate thereof; provided that, the Initial Lender received written notice of any such successor at least thirty (30) days in advance of such change), as servicer of the Portfolio Assets. "Portfolio Assets" means all Loan Assets owned by the Borrower and all right, title and interest of the Borrower in and to: (a) subject to the terms of any applicable Participation Agreement, any amounts on deposit in any cash reserve, collection, custody or lockbox accounts securing the Loan Assets; (b) all rights with respect to the Loan Assets to which the Borrower is entitled as lender under the applicable Loan Agreement or as a loan participant under the applicable Participation Agreement;