Common use of Payments on Assignment Effective Date Clause in Contracts

Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Commitment and Loans as set forth above, [(a)] Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Share of the principal amount of the respective Loans made by Assignee pursuant to the Credit Agreement and outstanding on the Assignment Effective Date [plus interest accrued thereon as of the Assignment Effective Date]2 [and (b) Assignor agrees to pay to Assignee within three Business Days after the Assignment Effective Date the Facility Fee specified in Annex I hereto](3).

Appears in 1 contract

Sources: Credit Agreement (Frontier Insurance Group Inc)

Payments on Assignment Effective Date. In consideration of ------------------------------------- the assignment by Assignor to Assignee of Assignee's Share of Assignor's Commitment and and/or Loans as set forth above, [(a)] Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Share of the principal amount of the respective Loans made by Assignee Assignor pursuant to the Credit Agreement and outstanding on the Assignment Effective Date [plus interest accrued thereon as of the Assignment Effective Date]2 [and (b) Assignor agrees to pay to Assignee within three Business Days after the Assignment Effective Date the Assignment Facility Fee specified in Annex I hereto](3).hereto].6/ -

Appears in 1 contract

Sources: Credit Agreement (RJR Nabisco Inc)