Servicing Duties definition

Servicing Duties means those duties of the Servicer which are enumerated in Section 7.2.

Servicing Duties. Defined in Section 7.2.

Servicing Duties means those duties of the Servicer which are enumerated inSection 7.2.

Examples of Servicing Duties in a sentence

• The Borrower hereby appoints Ares Strategic Income Fund, pursuant to the terms and conditions of this Agreement, as Servicer, with the authority to perform the Servicing Duties in respect of the Collateral.

• No Replacement Servicer shall have any right to act hereunder except to perform the Servicing Duties.

• Prior to the delivery of a Servicer Removal Notice, but subject to the terms of this Agreement (including Section 11.04 and Article VI), the Servicer has the sole and exclusive authority to make any and all decisions with respect to the Collateral and take or refrain from taking any and all actions with respect to the Collateral in respect of the Servicing Duties.

• For the avoidance of doubt, the Servicer’s actions in performing the Servicing Duties shall not include activities of an investment adviser (as such term is interpreted under the Investment Company Act or the Investment Advisers Act of 1940, as amended).

• The Servicer shall take or cause to be taken all such actions as may be necessary or advisable to perform the Servicing Duties in accordance with Applicable Law and the Servicing Standard.

More Definitions of Servicing Duties

Servicing Duties. As defined in Section 6.1. ----------------

Servicing Duties. As defined in Article VI. ---------------- Servicing Fee: For each Payment Date, an amount equal to the sum of the ------------- products, for each day during the related Collection Period, of (i) the Advances Outstanding on such day, (ii) the Servicing Fee Rate and (iii) a fraction, the numerator of which is 1 and the denominator of which is 360. Servicing Fee Rate: A rate equal to 1.0% per annum. ------------------ Servicing Records: All documents, books, records and other information ----------------- (including, without limitation, computer programs, tapes, disks, data processing software and related property rights) prepared and maintained by the Servicer with respect to the Loans and the related Obligors.

Servicing Duties has the same meaning as defined in Section 1.01 of the Services Agreement.

Servicing Duties means those duties of the Servicer which are enumerated in Section 7.2. “Servicing Fee” means, for each Payment Date, an amount equal to the sum of the products, for each day during the related Settlement Period, of (i) the Outstanding Loan Balance of each Loan as of the preceding Determination Date, (ii) the applicable Servicing Fee Rate, and (iii) a fraction, the numerator of which is 1 and the denominator of which is 360. “Servicing Fee Limit Amount” means for each Payment Date, an amount equal to 10% of the Servicing Fee for the related Settlement Period. “Servicing Fee Rate” means with respect to all Loans, a rate equal to 2.0% per annum. “Servicing Records” means all documents, books, records and other information (including, without limitation, computer programs, tapes, disks, data processing software and related property rights) prepared and maintained by the Servicer with respect to the Transferred Loans and the related Obligors. “Settlement Period” means each period from and including a Payment Date to but excluding the following Payment Date. 44

Servicing Duties has the meaning assigned to such term in Section 11.02(a).