No Changes to Collateral Custodian Fee. The Collateral Custodian will not make any changes to the Collateral Custodian Fee set forth in the Collateral Custodian Fee Letter without the prior written approval of the Administrative Agent and the Borrower. Further, the Collateral Custodian Fee shall not be increased unless either (i) the aggregate amount of fees, expenses and indemnity payments included in the Collateral Custodian Fee and the Document Agent Fee payable pursuant to Sections 2.7(a)(2), 2.7(b)(1) and 2.8(2) is increased by the amount of such increase in the Collateral Custodian Fee or (ii) both the Collateral Custodian and the Document Agent agree to such increase.
Appears in 2 contracts
Sources: Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC), Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)
No Changes to Collateral Custodian Fee. The Collateral Custodian will not make any changes to the Collateral Custodian Fee set forth in the Collateral Custodian Fee Letter without the prior written approval of the Administrative Agent and the Borrower. Further, the Collateral Custodian Fee shall not be increased unless either (i) the aggregate amount of fees, expenses and indemnity payments included in the Collateral Custodian Fee and the Document Agent Fee payable pursuant to Sections 2.7(a)(2), 2.7(b)(1) and 2.8(2) is increased by the amount of such increase in the Collateral Custodian Fee or (ii) both the Collateral Custodian and the Document Agent agree agrees to such increase.
Appears in 1 contract
Sources: Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)