Remittances of Collections. Each remittance of Collections by the Seller to any Purchaser or the Agent (each a “Transferee”) 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 such Transferee and (ii) made in the ordinary course of business or financial affairs of the Seller and such Transferee.
Remittances of Collections. Each remittance of Collections by the Borrower to the Administrative Agent or any Lender under this Agreement will have been (a) in payment of a debt incurred by the Borrower in the ordinary course of the business or financial affairs of the Borrower and the Administrative Agent or such Lender and (b) made in the ordinary course of the business or financial affairs of the Borrower and the Administrative Agent or such Lender. For the avoidance of doubt, each reference in this Article IV to “the Subsidiaries of Anixter” includes the Borrower.
Remittances of Collections. On each Wednesday (or the immediate following business day should any Wednesday not be a business day in the State of Texas) of each week during the Term, Intermedix shall forward to Provider checks received but not deposited during the previous week.
