Common use of Deposit of Collections Clause in Contracts

Deposit of Collections. The Collateral Manager shall promptly (but in no event later than two (2) Business Days after receipt) deposit into the Collection Account any and all Collections received by the Borrower or the Collateral Manager.

Appears in 17 contracts

Samples: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.), Loan and Security Agreement (NMF SLF I, Inc.), Loan and Security Agreement (New Mountain Finance Corp)

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Deposit of Collections. The Collateral Manager shall promptly (and shall cause each of its Affiliates to) promptly, but in no any event later than within two (2) Business Days after receipt) its receipt thereof, deposit any Collections received by it into the Collection Account any and all Collections received by provide the Borrower or related Obligor with instructions to remit payments directly to the Collateral ManagerCollection Account as required herein.

Appears in 16 contracts

Samples: Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Kayne Anderson BDC, Inc.)

Deposit of Collections. The Collateral Manager shall promptly (promptly, but in no any event later than within two (2) Business Days after receiptits receipt thereof, deposit (or cause to be deposited) into the Collection Account any Collections received by it and provide the related Obligor with instructions to remit payments directly to the Collection Account as required herein, and agrees to cause its Affiliates to deposit into the Collection Account within two (2) Business Days from receipt thereof, any and all Collections received by the Borrower or the Collateral Managersuch Affiliate.

Appears in 8 contracts

Samples: Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Specialty Lending Corp)

Deposit of Collections. The Collateral Manager shall and shall cause the Borrower to promptly (but in no event later than two (2) Business Days after receipt) deposit into the Collection Account any and all Collections received by the Borrower or the Collateral ManagerManager into the Collection Account.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)

Deposit of Collections. The Collateral Manager shall promptly (but in no event later than two (2) Business Days after receipt) deposit into the Collection Account any and all Collections received by the Borrower or the Collateral Manager.. (l)

Appears in 1 contract

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

Deposit of Collections. The Collateral Manager Administrator shall promptly (but in no event later than two (2) Business Days after receipt) deposit into the Collection Account any and all Collections received by the Borrower or the Collateral ManagerAdministrator.

Appears in 1 contract

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

Deposit of Collections. The Collateral Manager shall promptly (and shall cause each of its Affiliates to) promptly, but in no any event later than within two (2) Business Days after receipt) its receipt thereof, deposit any Collections received by it into the Collection Account any and all Collections received by provide the Borrower or related Obligor with instructions to remit payments directly to the Collateral Manager.Collection Account as required herein. (i)

Appears in 1 contract

Samples: Loan and Security Agreement (Nuveen Churchill Direct Lending Corp.)

Deposit of Collections. The Collateral Manager Administrator shall promptly (but in no event later than two (2) Business Days after receipt) deposit into the applicable Collection Account any and all Collections received by the Borrower or the Collateral ManagerAdministrator.

Appears in 1 contract

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

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Deposit of Collections. The Collateral Manager shall promptly (but in no event later than two (2) Business Days after receipt) deposit into the Collection Account any and all Collections received by the Borrower Loan Parties or the Collateral Manager.

Appears in 1 contract

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

Deposit of Collections. The Collateral Manager shall promptly (but in no event later than two (2) Business Days after receipt) deposit into the Collection Account any and all Collections received by the Borrower or Borrower, the Collateral ManagerManager or any of their Affiliates.

Appears in 1 contract

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

Deposit of Collections. The Collateral Manager shall promptly (and shall cause each of its Affiliates to) promptly, but in no any event later than within two (2) Business Days after receipt) its receipt and identification thereof, deposit any Collections received by it into the Collection Account, and provide the related Obligor (or paying agent), with instructions to remit payments directly to the Collection Account any and all Collections received by the Borrower or the Collateral Manageras required herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Stepstone Private Credit Fund LLC)

Deposit of Collections. The Collateral Manager shall promptly (but in no event later than two (2) Business Days after receipt) deposit or cause to be deposited into the Collection Account any and all Available Collections received by the Borrower or Borrower, the Collateral ManagerManager or any of their Affiliates.

Appears in 1 contract

Samples: Loan and Servicing Agreement (MSD Investment Corp.)

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