Common use of Remittance of Collections Clause in Contracts

Remittance of Collections. Each remittance of collections by the Transferor hereunder to the Issuer will have been (i) in payment of a debt incurred by the Transferor in the ordinary course of business or financial affairs of the Transferor and (ii) made in the ordinary course of business or financial affairs of the Transferor.

Appears in 2 contracts

Sources: Loan Sale and Contribution Agreement (Varagon Capital Corp), Master Transfer Agreement (MSD Investment Corp.)

Remittance of Collections. Each Any remittance of collections by the Transferor Depositor hereunder to the Issuer will have been (i) in payment of a debt incurred by the Transferor Depositor in the ordinary course of business or financial affairs of the Transferor Depositor and (ii) made in the ordinary course of business or financial affairs of the TransferorDepositor.

Appears in 1 contract

Sources: Loan Sale and Contribution Agreement (Varagon Capital Corp)