Common use of Payment of the Assigned Amount Clause in Contracts

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").