Common use of Extension Payments Clause in Contracts

Extension Payments. In the event that a Fund continues to participate in the Program during a Program Extension Period, the Investment Company shall pay to the Treasury a non-refundable payment (a “Program Extension Participation Payment”) with respect to such Program Extension Period, which payment shall be made on the same date as the Investment Company’s delivery of the Program Extension Notice. The Program Extension Participation Payment shall be an amount equal to such Fund’s Fund Designated Asset Base multiplied by the percentage designated by the Treasury for such Program Extension Period in the Extension Announcement or, at the Treasury’s sole and absolute discretion, an amount based on any other formula described in the Extension Announcement.

Extension Payments. In the event that a the Fund continues to participate in the Program during a Program Extension Period, the Investment Company Fund shall pay to the Treasury a non-non- refundable payment (a “Program Extension Participation Payment”) with respect to such Program Extension Period, which payment shall be made on the same date as the Investment CompanyFund’s delivery of the Program Extension Notice. The Program Extension Participation Payment shall be an amount equal to such Fund’s the Fund Designated Asset Base multiplied by the percentage designated by the Treasury for such Program Extension Period in the Extension Announcement or, at the Treasury’s sole and absolute discretion, an amount based on any other formula described in the Extension Announcement.