Payment of the Assigned Amount Sample Clauses
The 'Payment of the Assigned Amount' clause establishes the obligation for one party to pay a specified sum that has been assigned, typically to a third party or assignee. In practice, this clause details the timing, method, and recipient of the payment, ensuring that the assigned amount is transferred as agreed, such as when a creditor assigns the right to receive payment to another entity. Its core function is to provide clarity and certainty regarding payment responsibilities, thereby preventing disputes over who is entitled to receive the funds and ensuring the proper execution of the assignment.
Payment of the Assigned Amount. Assignee Lender will pay to Assignor Lender, in immediately available funds, not later than 12:00 noon (New York City time) on the Effective Date, an amount equal to its Pro Rata Share of the then outstanding principal amount of the Advances as set forth above in Section 1.1 together with accrued interest, fees and other amounts as set forth on Schedule 2.1 (the “Assigned Amount”).
Payment of the Assigned Amount. Assignee Lender will pay to Assignor Lender, for value not later than 12:00 noon on the Effective Date, an amount equal to its Pro Rata Share of the then outstanding principal amount of the Loans, as set forth above in Section 1.1 together with accrued interest, fees and other amounts as set forth on Schedule 2.1 (the "Assigned Amount").
Payment of the Assigned Amount. Assignee Lender will pay to Assignor Lender, in immediately available funds, not later than 12:00 noon (Toronto time) on the Effective Date, an amount equal to that set forth in on Schedule 1.1 (the "Assigned Amount").
Payment of the Assigned Amount. Purchasing Lender will pay to Transferor Lender, in immediately available funds, not later than 12:00 noon (New York time) on the Transfer Effective Date, an amount equal to its Pro Rata Share of the then outstanding principal amount of the Loans as set forth above in Section 1.1 [together with accrued interest, fees and other amounts as set forth on Schedule 2.1] (the "Assigned Amount").
Payment of the Assigned Amount. Additional Lender will pay to Assigning Lender, in immediately available funds, not later than 12:00 p.m. New York time on the Effective Date, an amount equal to its Pro Rata Share of the then outstanding principal amount of the Loans (“Assigned Amount”) as set forth on Schedule “A” hereof.
Payment of the Assigned Amount. Assignee will pay to Assignor, in immediately available funds, not later than 12:00 noon (New York time) on the Effective Date, an amount equal to its Applicable Percentage of the Assigned Interest.
Payment of the Assigned Amount. Assignee Purchaser will pay to Assignor Purchaser, in immediately available funds, not later than 12:00 noon (New York City time) on the Effective Date, an amount equal to its Pro Rata Share of the then Capital Investment as set forth above in Section 1.1 together with accrued interest, fees and other amounts as set forth on Schedule 2.1 (the “Assigned Amount”).