Common use of Ordinary Course of Business Clause in Contracts

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

Appears in 9 contracts

Samples: Receivables Purchase Agreement (Centuri Holdings, Inc.), Receivables Purchase Agreement (Labcorp Holdings Inc.), Receivables Purchase Agreement (Kinetik Holdings Inc.)

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

Appears in 9 contracts

Samples: Receivables Purchase Agreement (C. H. Robinson Worldwide, Inc.), Receivables Purchase Agreement (C. H. Robinson Worldwide, Inc.), Receivables Purchase Agreement (Exelon Generation Co LLC)

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

Appears in 8 contracts

Samples: Receivables Purchase Agreement (LyondellBasell Industries N.V.), Receivables Purchase Agreement (LyondellBasell Industries N.V.), Receivables Purchase Agreement (Celanese Corp)

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

Appears in 6 contracts

Samples: Receivables Purchase Agreement (Triumph Group Inc), Receivables Purchase Agreement (Triumph Group Inc), Receivables Purchase Agreement (Triumph Group Inc)

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

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Fleetcor Technologies Inc), Receivables Purchase Agreement (Fleetcor Technologies Inc), Receivables Purchase Agreement (Fleetcor Technologies Inc)

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

Appears in 3 contracts

Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.), Receivables Purchase Agreement (OUTFRONT Media Inc.), Receivables Purchase Agreement (OUTFRONT Media Inc.)

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

Appears in 3 contracts

Samples: Receivables Purchase Agreement (SPRINT Corp), Receivables Purchase Agreement (SPRINT Corp), Receivables Purchase Agreement (SPRINT Corp)

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

Appears in 2 contracts

Samples: Receivables Purchase Agreement (DXC Technology Co), Receivables Purchase Agreement (Computer Sciences Corp)

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

Appears in 2 contracts

Samples: Receivables Purchase Agreement (SPRINT Corp), Receivables Purchase Agreement (SPRINT Corp)

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

Appears in 2 contracts

Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.), Receivables Purchase Agreement (OUTFRONT Media Inc.)

Ordinary Course of Business. Each remittance of Collections on the Receivables transferred by or on behalf of the Seller to the Purchaser Parties Buyer under this Agreement or pursuant to the other Transaction Documents will have been (i) in payment of a debt incurred by the Seller in the ordinary course of business or financial affairs of Seller and the Seller Buyer and (ii) made in the ordinary course of business or financial affairs of Seller and the SellerBuyer.

Appears in 2 contracts

Samples: Second Tier Purchase and Sale Agreement (Exela Technologies, Inc.), Second Tier Receivables Purchase and Sale Agreement (Exela Technologies, Inc.)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exela Technologies, Inc.)

Ordinary Course of Business. Each remittance of Collections on the Receivables transferred by or on behalf of the Seller to the Purchaser Parties Buyer under this Agreement or pursuant to the other Transaction Documents will have been (i) in payment of a debt incurred by the Seller in the ordinary course of business or financial affairs of the Seller and the Buyer and (ii) made in the ordinary course of business or financial affairs of the SellerSeller and the Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exela Technologies, Inc.)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (ADT Inc.)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Chemours Co)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fortrea Holdings Inc.)

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

Appears in 1 contract

Samples: Performance Guarantee Agreement (Ashland Inc.)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Audacy, Inc.)

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