Common use of Initial Collateral Custodian Clause in Contracts

Initial Collateral Custodian. The role of Collateral Custodian with respect to the Underlying Instruments relating to the Permitted Investments shall be conducted by the Person designated as Collateral Custodian hereunder from time to time in accordance with this Section 7.1. Until the Administrative Agent shall give to ▇▇▇▇▇ Fargo Bank, N.A. a Collateral Custodian Termination Notice, ▇▇▇▇▇ Fargo Bank, N.A. is hereby appointed as, and hereby accepts such appointment and agrees to perform the duties and obligations of, Collateral Custodian pursuant to the terms hereof.

Appears in 2 contracts

Sources: Loan and Security Agreement (FS KKR Capital Corp), Loan and Security Agreement (FS KKR Capital Corp)

Initial Collateral Custodian. The role of Collateral Custodian with respect to the Underlying Instruments relating to the Permitted Investments Required Loan Documents shall be conducted by the Person designated as Collateral Custodian hereunder from time to time in accordance with this Section 7.113.01. Until the Administrative Agent shall give to ▇▇▇▇▇ Fargo Bank, N.A. a Collateral Custodian Termination Notice, ▇▇▇▇▇ Fargo Bank, N.A. is hereby appointed as, and hereby accepts such appointment and agrees to perform the duties and obligations of, Collateral Custodian pursuant to the terms hereof.

Appears in 1 contract

Sources: Note Purchase Agreement (Ares Capital Corp)

Initial Collateral Custodian. The role of Collateral Custodian with respect to the Underlying Instruments relating to the Permitted Investments shall be conducted by the Person designated as Collateral Custodian hereunder from time to time in accordance with this Section 7.1. Until the Administrative Agent shall give to W▇▇▇▇ Fargo Bank, N.A. a Collateral Custodian Termination Notice, W▇▇▇▇ Fargo Bank, N.A. is hereby appointed as, and hereby accepts such appointment and agrees to perform the duties and obligations of, Collateral Custodian pursuant to the terms hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (FS Investment Corp IV)