Common use of Ordinary Course of Business Clause in Contracts

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower to the Credit Parties under this Agreement will have been (i) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 62 contracts

Samples: Receivables Financing Agreement (Concentrix Corp), Financing Agreement (BrightView Holdings, Inc.), Receivables Financing Agreement (First Data Corp)

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Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower pursuant to the Credit Parties under this Agreement Transaction Documents and any related accounts of amounts owing hereunder in respect of the Loans will have been (i) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 6 contracts

Samples: Loan and Security Agreement (Sinclair Broadcast Group Inc), Loan and Security Agreement (Sinclair Broadcast Group Inc), Loan and Security Agreement (Hill-Rom Holdings, Inc.)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower such Person to the Credit Purchaser Parties under this Agreement will have been (i) in payment of a debt incurred by the Borrower such Person in the ordinary course of business or financial affairs of the Borrower such Person and (ii) made in the ordinary course of business or financial affairs of the Borrowersuch Person.

Appears in 6 contracts

Samples: Receivables Purchase Agreement (NCR Corp), Receivables Purchase Agreement (NCR Atleos Corp), Receivables Purchase Agreement (NCR Corp)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower to the Credit Parties under that are timely applied in accordance with the terms and conditions of this Agreement will have been (i) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 4 contracts

Samples: Receivables Financing Agreement (Olin Corp), Receivables Financing Agreement (OLIN Corp), Receivables Financing Agreement (OLIN Corp)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower such Person to the Credit Parties under this Agreement will have been (i) in payment of a debt incurred by the Borrower such Person in the ordinary course of business or financial affairs of the Borrower such Person and (ii) made in the ordinary course of business or financial affairs of the Borrowersuch Person.

Appears in 3 contracts

Samples: Receivables Financing Agreement (Lamar Media Corp/De), Receivables Financing Agreement (Lamar Media Corp/De), Receivables Financing Agreement (Lamar Media Corp/De)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower to the Credit Parties Lenders and the Administrative Agent under this Agreement will have been (i) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 2 contracts

Samples: Credit and Security Agreement (Bausch Health Companies Inc.), Credit and Security Agreement (Bausch Health Companies Inc.)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower to the Credit Parties Administrator or the Lender under this Agreement will have been is (i) in payment of a debt incurred by the Borrower in the ordinary course of its business or financial affairs of the Borrower and (ii) made in the ordinary course of its business or financial affairs of the Borroweraffairs.

Appears in 2 contracts

Samples: Loan Agreement (Jarden Corp), Loan Agreement (Jarden Corp)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower Issuer to the Credit Parties under this Agreement will have been (i) in payment of a debt incurred by the Borrower Issuer in the ordinary course of business or financial affairs of the Borrower Issuer and (ii) made in the ordinary course of business or financial affairs of the BorrowerIssuer and the Purchasers.

Appears in 2 contracts

Samples: Note Purchase Agreement (Mallinckrodt PLC), Note Purchase Agreement (Mallinckrodt PLC)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower to the Credit Parties Administrator or the Lenders under this Agreement will have been is (i) in payment of a debt incurred by the Borrower in the ordinary course of its business or financial affairs of the Borrower and (ii) made in the ordinary course of its business or financial affairs of the Borroweraffairs.

Appears in 2 contracts

Samples: Loan Agreement (Jarden Corp), Loan Agreement (Jarden Corp)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower to the Credit Parties under this Agreement will have been (i) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinary course of business or financial affairs of the Borrower.. (z)

Appears in 1 contract

Samples: Version Receivables Financing Agreement (Applied Industrial Technologies Inc)

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Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower pursuant to the Credit Parties under this Agreement Transaction Documents will have been (i) in payment of a debt an obligation incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinary course of business or financial affairs of the Borrower.. 760715600 23750643

Appears in 1 contract

Samples: Receivables Financing Agreement (Agiliti, Inc. \De)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower to the Credit Parties Lenders (or to the Collateral Agent, the Administrative Agent or any Group Agent on their behalf) under this Agreement will have been (i) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower Borrower, and (ii) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 1 contract

Samples: Receivables Financing Agreement (ADT Inc.)

Ordinary Course of Business. Each The Borrower represents and warrants as to itself, each remittance of Collections by or on behalf of the Borrower to the Credit Parties Lender under this Agreement will have been (i) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sparta Commercial Services, Inc.)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower pursuant to the Credit Parties under this Agreement Transaction Documents will have been (i) in payment of a debt an obligation incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 1 contract

Samples: Receivables Financing Agreement (Deluxe Corp)

Ordinary Course of Business. Each remittance of Collections by or on behalf of the Borrower to the Credit Parties under this Agreement in respect of principal and interest on the Loans and fees under the Fee Letter to the Lenders or the Agent will have been (i) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (PPL Electric Utilities Corp)

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