Common use of Change in Payment Instructions to Obligors Clause in Contracts

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors regarding where payments in respect of Contracts are to be made, unless the Deal Agent has consented to such change and has received duly executed documentation related thereto.

Appears in 21 contracts

Sources: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors Obligors, agent banks or administrative agents on the Loan Assets regarding where payments in respect of Contracts are to be mademade with respect to the Collateral to the Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related theretochange.

Appears in 21 contracts

Sources: Loan and Servicing Agreement (BlackRock TCP Capital Corp.), Loan and Servicing Agreement (HPS Corporate Lending Fund), Loan and Servicing Agreement (Diameter Credit Co)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors regarding where payments in respect of Contracts are to be mademade with respect to the Collateral Portfolio to the Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related theretochange.

Appears in 12 contracts

Sources: Loan and Servicing Agreement (Business Development Corp of America), Loan and Servicing Agreement (Business Development Corp of America), Loan and Servicing Agreement (Business Development Corp of America)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors regarding where payments in respect of Contracts are to be made, unless the Deal Agent has Required Lenders have consented to such change and has have received duly executed documentation related thereto.

Appears in 9 contracts

Sources: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors regarding where payments in respect of Contracts are to be made, unless the Deal Agent (acting at the direction, or with the consent, of the Required Lenders) has consented to such change and has received duly executed documentation related thereto.

Appears in 9 contracts

Sources: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors regarding where payments in respect of Contracts are to be mademade with respect to the Collateral Portfolio to the Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related thereto(other than, with respect to the Initial Loan Assets, any change which consists solely of directing Obligors or the agents on the Initial Loan Assets to direct payments to the Collection Account) which consent shall not be unreasonably withheld (provided that such account is the replacement Collection Account hereunder).

Appears in 7 contracts

Sources: Loan and Servicing Agreement (AMG Comvest Senior Lending Fund), Loan and Servicing Agreement (Onex Direct Lending BDC Fund), Loan and Servicing Agreement (Oaktree Strategic Credit Fund)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors (solely with respect to non-agented Loan Assets), agent banks or administrative agents on the Loan Assets regarding where payments in respect of Contracts are to be mademade with respect to the Collateral to the Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related theretochange.

Appears in 5 contracts

Sources: Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.), Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.), Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors regarding where payments in respect of Contracts are to be mademade with respect to the Collateral Portfolio to the Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related thereto(other than, with respect to the Initial Loan Assets, any change which consists solely of directing Obligors or the agents on the Initial Loan Assets to direct payments to the Collection Account).

Appears in 2 contracts

Sources: Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.), Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors or any relevant administrative agent, as applicable, regarding where payments in respect of Contracts are to be mademade with respect to the Collateral, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related theretochange.

Appears in 2 contracts

Sources: Credit Agreement (Nuveen Churchill Private Capital Income Fund), Credit Agreement (Nuveen Churchill Private Capital Income Fund)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to the Obligors regarding where payments in respect of Contracts are to be mademade to the Borrower, the Servicer or a Subservicer, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related thereto.

Appears in 2 contracts

Sources: Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.)

Change in Payment Instructions to Obligors. The Servicer will not make any change change, or permit the Borrower to make any change, in its instructions to Obligors regarding where payments in respect of Contracts are to be mademade to the applicable Collection Account with respect to the Collateral, unless the Deal Administrative Agent has consented to such addition, termination or change and has received duly executed documentation related thereto(which consent shall not be unreasonably withheld).

Appears in 2 contracts

Sources: Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (North Haven Private Income Fund LLC)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors Obligors, agent banks or administrative agents on the Loans regarding where payments in respect of Contracts are to be mademade with respect to the Collateral Portfolio to the Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related theretochange.

Appears in 2 contracts

Sources: Loan and Servicing Agreement (FS KKR Capital Corp), Loan and Servicing Agreement (FS Investment Corp II)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors regarding where payments in respect of Contracts are to be mademade with respect to the Collateral Portfolio to the Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related thereto(such consent not to be unreasonably withheld or delayed).

Appears in 2 contracts

Sources: Loan and Servicing Agreement (Solar Capital Ltd.), Loan and Servicing Agreement (Solar Capital Ltd.)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to the Obligors regarding where payments in respect of Contracts are to be mademade to the Borrower or the Servicer, other than in accordance with the [***], or payments to be made to the Post Office Boxes or Lockbox Account, other than in accordance with the terms of the Intercreditor Agreement and the Intercreditor Party Supplement and unless the Deal Administrative Agent has received duly executed copies of all documentation related thereto and has consented to such change and has received duly executed documentation related theretochange.

Appears in 2 contracts

Sources: Warehouse Agreement (Vroom, Inc.), Warehouse Agreement (Vroom, Inc.)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to (i) the Obligors regarding where payments in respect of Contracts are to be made, unless made to the Borrower or the Servicer or payments to be made to the Lockbox or Master Collection Account without prior written notice of such change to the Deal Agent has consented and (ii) any ABS Trust regarding payments to be made with respect to the related ABS Assets without prior written notice of such change and has received duly executed documentation related theretoto the Deal Agent.

Appears in 1 contract

Sources: Investment Agreement (Santander Holdings USA, Inc.)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors regarding where payments in respect of Contracts are to be mademade to the Borrower or the Servicer or payments to be made to the Lockbox or Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related thereto.

Appears in 1 contract

Sources: Loan and Security Agreement (DT Acceptance Corp)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to the Obligors regarding where payments in respect of Contracts are to be mademade to the Borrower or the Servicer or payments to be made to the Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related thereto.

Appears in 1 contract

Sources: Loan and Security Agreement (DT Acceptance Corp)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to the Obligors regarding where payments in respect of Contracts are to be mademade to the Borrower or the Servicer, other than in accordance with the Credit and Collection Policy, or payments to be made to the Post Office Boxes or Local Bank Account, other than in accordance with the terms of the Intercreditor Agreement and the Intercreditor Party 300213599v4 Supplement and unless the Deal Administrative Agent has consented to such change and has received duly executed copies of all documentation related thereto.

Appears in 1 contract

Sources: Warehouse Agreement (Vroom, Inc.)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors regarding where payments in respect of Contracts are to be mademade with respect to the Collateral Portfolio to the Collection Account, unless the Deal Agent has consented to such change and has received duly executed documentation related theretochange.

Appears in 1 contract

Sources: Note Purchase Agreement (Ares Capital Corp)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to the Obligors regarding where payments in respect of Contracts are to be mademade to the Borrower or the Servicer, other than in accordance with the Credit and Collection Policy, or payments to be made to the Post Office Boxes or Local Bank Account, other than in accordance with the terms of the Intercreditor Agreement and the Intercreditor Party Supplement and unless the Deal Administrative Agent has consented to such change and has received duly executed copies of all documentation related thereto.

Appears in 1 contract

Sources: Warehouse Agreement (Vroom, Inc.)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to the Obligors regarding where payments in respect of Contracts are to be mademade to the Borrower or the Servicer, other than in accordance with the Credit and Collection Policy, or payments to be made to the Post Office Boxes or Lockbox Account, other than in accordance with the terms of the Intercreditor Agreement and the Intercreditor Party Supplement and unless the Deal Administrative Agent has received duly executed copies of all documentation related thereto and has consented to such change and has received duly executed documentation related theretochange.

Appears in 1 contract

Sources: Warehouse Agreement (Vroom, Inc.)

Change in Payment Instructions to Obligors. The Servicer will not make any change in its instructions to Obligors Obligors, agent banks or administrative agents on the Loan Assets regarding where payments in respect of Contracts are to be mademade with respect to the Collateral to the Collection Account, unless the Deal Administrative Agent has consented to such change and has received duly executed documentation related thereto.change. |US-DOCS\148390876.14||

Appears in 1 contract

Sources: Loan and Servicing Agreement (Diameter Credit Co)