Common use of Payments on Assignment Effective Date Clause in Contracts

Payments on Assignment Effective Date. (a) In consideration of the assignment by Assignor to Assignee of Assignee's Share and the Loans attributable to Assignee's Share as set forth above, (i) Assignee agrees to pay to Assignor on the Assignment Effective Date an amount in U.S. Dollars which represents the principal amount of the Loans attributable to Assignee's Share made by Assignor pursuant to the Credit Agreement and outstanding on the Assignment Effective Date and (ii) Assignor agrees to pay to Assignee the assignment fee (if any) specified in Annex I hereto on the Assignment Effective Date. (b) The Agent shall have received, along with the Notice of Assignment, a recordation fee of $3,500 if required pursuant to Section 11.04 of the Credit Agreement.

Payments on Assignment Effective Date. (a) In consideration of the assignment by Assignor to Assignee of Assignee's Share and the Loans attributable to Assignee's Share as set forth above, (i) Assignee agrees to pay to Assignor on the Assignment Effective Date an amount in U.S. Dollars which represents the principal amount of the Loans attributable to Assignee's Share made by Assignor pursuant to the Credit Agreement and outstanding on the Assignment Effective Date and (ii) Assignor agrees to pay to Assignee the assignment fee (if any) specified in Annex I hereto on the Assignment Effective Date. (b) The Agent shall have received, along with the Notice of Assignment, a recordation fee of $3,500 2500 if required pursuant to Section 11.04 of the Credit Agreement.