Common use of Delivery of Proceeds Clause in Contracts

Delivery of Proceeds. In the event that the Borrower receives any payments in respect of or other proceeds of Collateral Loans or other Collateral or any capital contribution, the Borrower shall pay such payments or other proceeds to the Collateral Agent promptly and, in no event, later than two Business Days after the Borrower’s receipt thereof; provided that it in the case of a failure to pay such payments or other proceeds to the Collateral Agent as a result of an administrative error or omission, the Borrower shall make such payment within five Business Days after the Borrower or the Services Provider receives written notice or has actual knowledge of such administrative error or omission.

Appears in 3 contracts

Sources: Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Blue Owl Credit Income Corp.)