Common use of Remittance of Collections Clause in Contracts

Remittance of Collections. If the Borrower receives any Collections, the Borrower will remit such Collections to the Collection Account within one (1) Business Days of the Borrower’s receipt thereof.

Appears in 2 contracts

Sources: Loan and Security Agreement (Medallion Financial Corp), Loan and Security Agreement (Medallion Financial Corp)

Remittance of Collections. If the Borrower receives any Collections, the Borrower will remit such Collections to the Collection Account within one (1) Business Days of the Borrower’s 's receipt thereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Medallion Financial Corp)