Common use of Application of Proceeds of Sales Clause in Contracts

Application of Proceeds of Sales. The Servicer on behalf of the Borrower shall deposit the proceeds of any sale effected pursuant to this Section 10.01 into the Collection Account for disbursement in accordance with Section 9.01 or reinvestment in additional Collateral Loans in accordance with Section 10.02.

Appears in 4 contracts

Sources: Credit and Security Agreement (SLR Private Credit BDC II LLC), Credit and Security Agreement (SLR Private Credit BDC II LLC), Credit and Security Agreement (Antares Strategic Credit Fund II LLC)

Application of Proceeds of Sales. The Servicer on behalf of the Borrower shall deposit the proceeds of any sale effected pursuant to this Section 10.01 into the Collection Account for disbursement in accordance with Section 9.01 or reinvestment in additional Collateral Loans in accordance with Section 10.029.01.

Appears in 1 contract

Sources: Credit and Security Agreement (Bain Capital Specialty Finance, Inc.)

Application of Proceeds of Sales. The Servicer on behalf of the Borrower shall deposit the proceeds of any sale effected pursuant to this Section 10.01 into the applicable Collection Account for disbursement in accordance with Section 9.01 or reinvestment in additional Collateral Loans Portfolio Investments in accordance with Section 10.02.

Appears in 1 contract

Sources: Credit and Security Agreement (FIDUS INVESTMENT Corp)