Portfolio Manager. The Borrower shall timely enforce its rights and obligations under the Portfolio Management Agreement, including, without limitation, upon the Administrative Agent’s instruction after the occurrence of a Portfolio Manager Termination Event, terminating the Portfolio Manager in accordance with the terms thereof. The Borrower shall not engage the Portfolio Manager to perform any additional services under the Portfolio Management Agreement without obtaining the Administrative Agent’s prior written consent, which consent may be given or withheld in the Required Lenders’ reasonable discretion.
Appears in 2 contracts
Sources: Loan and Security Agreement (Emergent Capital, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.)