Common use of Initial Deposits Clause in Contracts

Initial Deposits. On each Funding Date, the Collateral Manager will instruct the related Obligor to deposit all Collections with respect to Collateral being acquired by the Borrower on such date into the Collection Account.

Appears in 17 contracts

Samples: Loan and Security Agreement (NMF SLF I, Inc.), Loan and Security Agreement (NMF SLF I, Inc.), Loan and Security Agreement (New Mountain Finance Corp)

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Initial Deposits. On each Funding Date, the Collateral Manager will instruct the related Obligor to deposit all Collections with respect to Collateral being acquired by the Borrower on such date into the Collection Account.. (d)

Appears in 1 contract

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

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Initial Deposits. On each Funding Date, the Collateral Manager will instruct the related Obligor to deposit all Collections with respect to Collateral being acquired by the Borrower on such date into the Collection Account.. USActive 55525956.12 54

Appears in 1 contract

Samples: Loan and Security Agreement (NMF SLF I, Inc.)

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