Example ContractsClausesDistributions in the Ordinary Course
Distributions in the Ordinary Course
Distributions in the Ordinary Course contract clause examples

. In the ordinary course of business, the Borrower causes all of its Subsidiaries to make transfers of net cash and Cash Equivalents upstream to the Borrower, and the Borrower shall continue to follow such ordinary course of business. The Borrower shall not make net transfers of cash and cash equivalents downstream to its Subsidiaries except in the ordinary course of business consistent with past practice.

Distributions in the Ordinary Course. In the ordinary course of business, the Borrower causes all of its Subsidiaries to make transfers of net cash and Cash Equivalents upstream to the Borrower, and the Borrower shall continue to follow such ordinary course of business. The Borrower shall not make net transfers of cash and cash equivalents downstream to its Subsidiaries except in the ordinary course of business consistent with past practice.

Distributions in the Ordinary Course. In the ordinary course of business, the Operating Partnership causes all of its Subsidiaries to make transfers of net cash and cash equivalents upstream to the Operating Partnership, and the Operating Partnership shall continue to follow such ordinary course of business. No Borrower shall make net transfers of cash and cash equivalents downstream to its Subsidiaries except in the ordinary course of business consistent with past practice.

Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Servicer.

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 # in payment of an obligation incurred by the Seller in the ordinary course of business or financial affairs of the Seller and # made in the ordinary course of business or financial affairs of the Seller.

Ordinary Course of Business. The related Customer Agreement relates to the sale of power from or the leasing of a PV System originated in the ordinary course of business of the Developer.

Ordinary Course of Business. Each remittance of Collections to the Purchaser Parties by or on behalf of the Seller pursuant to the Transaction Documents will have been # in payment of an obligation incurred by the Seller in the ordinary course of business or financial affairs of the Seller and # made in the ordinary course of business or financial affairs of the Seller.

Ordinary Course Equity Awards. During the Term of Employment, Executive will be eligible to participate in the long-term equity incentive plan(s) adopted by the Company from time to time, including without limitation, under the Company’s 2017 Omnibus Incentive Plan, in the normal course and consistent with other senior executives of the Company, commencing with the equity grant cycle in the earlier of 2023 or the fiscal year following the fiscal year with respect to which any portion of the Sign-On PSUs vest, or such earlier time as the Board may determine, in its sole discretion.

to the extent constituting Guaranteed Debt, indemnification obligations and other similar obligations of such Borrower and its Subsidiaries in favor of partners, directors, officers, employees, consultants or agents of such Borrower or any of its Subsidiaries extended in the ordinary course of business;

Operation, Maintenance and Repair in Ordinary Course of Business. From the Effective Date until Closing or earlier termination of this Agreement, Seller shall conduct the operations of the Property in the Ordinary Course of Business including, without limitation, # performing maintenance and repairs to the Property and the Assets in the Ordinary Course of Business; # maintaining insurance coverage consistent with Seller’s risk management policies in place as of the date hereof; and # replacing and/or repairing Personal Property in the Ordinary Course of Business. Seller shall maintain the Assets in accordance with the Ordinary Course of Business (such obligation to include the maintenance of Seller’s casualty and liability insurance policies in the Ordinary Course of Business), subject to reasonable wear and tear and further subject to destruction by casualty or eminent domain. Purchaser shall have the right to inspect the Assets prior to Closing to determine if any Seller has breached the covenants of such Seller in this Section 6.3.1. Seller in all material respects shall comply with the terms conditions and requirements under the Facility Contracts, Tenant Leases, and Licenses and Permits, and shall continue to make all payments due thereunder prior to delinquency (whether or not Purchaser shall assume the same). Seller shall not sell, remove or otherwise dispose of any Assets other than the removal or disposal of worn out or obsolete Personal Property in the Ordinary Course of Business.

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