Common use of Ordinary Course Clause in Contracts

Ordinary Course. Each repayment of principal or interest under this Agreement shall be (x) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (y) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 37 contracts

Samples: Credit Agreement (AB Private Credit Investors Corp), Credit Agreement (Blue Owl Technology Finance Corp. II), Credit Agreement (AB Private Lending Fund)

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Ordinary Course. Each repayment of principal or interest in respect of the Advances under this Agreement shall be (x) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (y) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 12 contracts

Samples: Credit and Security Agreement (Diameter Credit Co), Credit and Security Agreement (Blue Owl Credit Income Corp.), Credit and Security Agreement (Blue Owl Technology Income Corp.)

Ordinary Course. Each repayment of principal or interest in respect of the Advances under this Agreement shall be (x) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (y) made in the ordinary course of business or financial affairs of between the BorrowerBorrower and the Lenders.

Appears in 7 contracts

Samples: Credit and Security Agreement (Saratoga Investment Corp.), Credit and Security Agreement (Saratoga Investment Corp.), Credit and Security Agreement (Saratoga Investment Corp.)

Ordinary Course. Each repayment of principal of or interest on the Loans under this Agreement shall be (x) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (y) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (NewStar Financial, Inc.)

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Ordinary Course. Each repayment of principal or interest under this Agreement shall be (xa) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (yb) made in the ordinary course of business or financial affairs of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (HPS Corporate Lending Fund)

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