Common use of Borrower Subsidiaries Clause in Contracts

Borrower Subsidiaries. (i) Each Borrower Subsidiary is in compliance with the covenants set forth in Sections 5.01(a), (b), (c), (d), (u), (v), (x), and (ff), in each case as if such covenants were applicable directly to such Borrower Subsidiary. (ii) The Borrower shall maintain, subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties, the applicable Collection Account (including any subaccounts thereof) and the applicable Unfunded Exposure Account for each Borrower Subsidiary in the name of such Borrower Subsidiary.

Appears in 3 contracts

Sources: Loan and Servicing Agreement (HPS Corporate Lending Fund), Loan and Servicing Agreement (HPS Corporate Lending Fund), Loan and Servicing Agreement (HPS Corporate Lending Fund)