Common use of No Servicer Default Clause in Contracts

No Servicer Default. No event has occurred and is continuing and no condition exists, or would result from the inclusion of any Collateral Debt Obligation in the Collateral or from the application of the proceeds therefrom, which constitutes or may reasonably be expected to constitute a Servicer Termination Event.

Appears in 2 contracts

Sources: Credit Agreement (GSC Investment Corp.), Credit Agreement (GSC Investment Corp.)

No Servicer Default. No event has occurred and is continuing and no condition exists, or would result from the inclusion of any Collateral Debt Obligation Loan in the Collateral or from the application of the proceeds therefrom, which constitutes or may reasonably be expected to constitute a Servicer Termination Event.

Appears in 2 contracts

Sources: Loan Funding and Servicing Agreement (Kohlberg Capital CORP), Loan Funding and Servicing Agreement (Kohlberg Capital CORP)