Common use of Collections Clause in Contracts

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 47 contracts

Sources: Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (CION Investment Corp)

Collections. The Borrower acknowledges that all Available Collections received by it or its Affiliates with respect to the Collateral transferred Granted hereunder are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties until deposited into the Collection Account within two (2) Business Days after receipt as required herein.

Appears in 23 contracts

Sources: Loan and Servicing Agreement (BlackRock TCP Capital Corp.), Loan and Security Agreement (Stepstone Private Credit Fund LLC), Loan and Servicing Agreement (HPS Corporate Lending Fund)

Collections. The Borrower Seller acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred sold hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after from receipt as required herein.

Appears in 20 contracts

Sources: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Collections. The Borrower acknowledges that all Available Collections received by it or its Affiliates with respect to the Collateral transferred Portfolio Pledged hereunder are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 13 contracts

Sources: Loan and Servicing Agreement (FS KKR Capital Corp), Loan and Servicing Agreement (FS KKR Capital Corp), Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.)

Collections. The Borrower acknowledges that all Available Collections received by it or its Affiliates with respect to the Collateral transferred Portfolio Pledged hereunder are held and shall be held in trust for the benefit of the Trustee, on behalf of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 10 contracts

Sources: Loan and Servicing Agreement (Ares Capital Corp), Loan and Servicing Agreement (Ares Capital Corp), Loan and Servicing Agreement (Ares Capital Corp)

Collections. The Borrower acknowledges that all Available Collections received by it or its Affiliates with respect to the Collateral Portfolio transferred or Pledged hereunder are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties Parties, until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 10 contracts

Sources: Loan and Servicing Agreement (TCG Bdc, Inc.), Loan and Servicing Agreement (TCG Bdc, Inc.), Loan and Servicing Agreement (Carlyle GMS Finance, Inc.)

Collections. The Borrower acknowledges that all Available Collections received by it or its Affiliates with respect to the Collateral transferred Portfolio Pledged hereunder are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties until deposited into the Collection Account within two (2) Business Days after receipt as required herein.

Appears in 5 contracts

Sources: Loan and Security Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (MSD Investment Corp.), Loan and Servicing Agreement (FS KKR Capital Corp)

Collections. The Borrower Seller acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after from receipt as required herein.

Appears in 5 contracts

Sources: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred pledged hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two (2) Business Days after receipt as required herein.

Appears in 4 contracts

Sources: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (North Haven Private Income Fund LLC)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred sold hereunder are held and shall be held in trust for the benefit of the Trustee on behalf of the Secured Parties until deposited into the Collection Account within two Business Days after from receipt as required herein.

Appears in 4 contracts

Sources: Loan and Servicing Agreement (NewStar Financial, Inc.), Loan and Servicing Agreement (NewStar Financial, Inc.), Loan and Servicing Agreement (NewStar Financial, Inc.)

Collections. The Borrower acknowledges that all All Available Collections received by it Borrower or its Affiliates with respect to the Collateral transferred Portfolio Pledged hereunder are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 4 contracts

Sources: Loan and Servicing Agreement (Oaktree Strategic Credit Fund), Loan and Servicing Agreement (Oaktree Strategic Credit Fund), Loan and Servicing Agreement (Oaktree Strategic Credit Fund)

Collections. The Borrower acknowledges that all Available Collections received by it or its Affiliates with respect to the Collateral Portfolio transferred hereunder to the Borrower pursuant to the terms of the Purchase and Sale Agreement are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties Parties, until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 3 contracts

Sources: Omnibus Amendment (Ares Capital Corp), Omnibus Amendment (Ares Capital Corp), Loan and Servicing Agreement (Ares Capital Corp)

Collections. The Borrower acknowledges that all All Available Collections received by it Borrower or its Affiliates with respect to the Collateral transferred Portfolio Pledged hereunder are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 2 contracts

Sources: Loan and Servicing Agreement (AMG Comvest Senior Lending Fund), Loan and Servicing Agreement (AMG Comvest Senior Lending Fund)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred sold hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.. (z)

Appears in 2 contracts

Sources: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred sold hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after from receipt as required herein.

Appears in 2 contracts

Sources: Secured Loan and Servicing Agreement (NewStar Financial, Inc.), Secured Loan and Servicing Agreement (NewStar Financial, Inc.)

Collections. The Borrower acknowledges that all All Available Collections received by it or its Affiliates with respect to the Collateral Portfolio transferred or Pledged hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after from receipt as required herein.

Appears in 1 contract

Sources: Omnibus Amendment (Blue Owl Technology Finance Corp. II)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.. 89 USActive 60440347.7 (z)

Appears in 1 contract

Sources: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)

Collections. The Borrower Loan Manager acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred or pledged hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two (2) Business Days after from receipt as required herein.

Appears in 1 contract

Sources: Loan and Security Agreement (OFS Capital, LLC)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.. (aa) Full Payment. As of the initial Funding Date thereof, the Borrower had no knowledge of any fact which should lead it to expect that any Loan will not be repaid by the applicable Obligor in full. (bb)

Appears in 1 contract

Sources: Omnibus Amendment to Transaction Documents (Nuveen Churchill Direct Lending Corp.)

Collections. The Borrower acknowledges that all Collections collections received by it or its Affiliates with respect to the Collateral transferred Granted hereunder are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties until deposited into the Collection Custodial Account within two (2) Business Days after receipt as required herein.

Appears in 1 contract

Sources: Credit Agreement (GOLUB CAPITAL BDC, Inc.)

Collections. The Borrower It acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred pledged hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two (2) Business Days after receipt as required herein.

Appears in 1 contract

Sources: Facility Agreement (AB Private Credit Investors Corp)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred Portfolio Pledged hereunder are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 1 contract

Sources: Loan and Security Agreement (FS Investment CORP)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two (2) Business Days after receipt as required herein.

Appears in 1 contract

Sources: Loan and Security Agreement (NewStar Financial, Inc.)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the applicable Collection Account within two (2) Business Days after receipt as required herein.

Appears in 1 contract

Sources: Loan and Security Agreement (New Mountain Finance Corp)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred hereunder are held and shall be held in trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.. (y)

Appears in 1 contract

Sources: Loan and Security Agreement (New Mountain Finance Corp)

Collections. The Borrower acknowledges that all Collections received by it or its Affiliates with respect to the Collateral transferred hereunder are held and shall be held in USActive 55525956.12 74 trust for the benefit of the Secured Parties until deposited into the Collection Account within two Business Days after receipt as required herein.

Appears in 1 contract

Sources: Loan and Security Agreement (NMF SLF I, Inc.)