Common use of Treatment of Collections and Deemed Collections Clause in Contracts

Treatment of Collections and Deemed Collections. Borrower shall forthwith deliver to Servicer all Deemed Collections, and Servicer shall hold or distribute such Deemed Collections in the same manner as all other Collections are required to be held or distributed hereunder.

Appears in 3 contracts

Sources: Credit and Security Agreement (Boston Scientific Corp), Credit and Security Agreement (Boston Scientific Corp), Credit and Security Agreement (Boston Scientific Corp)