Common use of Timing and Manner of Payment Clause in Contracts

Timing and Manner of Payment. On the Maturity Date, the Company shall pay to the Redeemable Preferred Member the Complete Redemption Amount due to it. The Complete Redemption Amount shall be paid on the Maturity Date to the Redeemable Preferred Member by wire transfer of immediately available funds to the account specified by the relevant Redeemable Preferred Member in written wire transfer instructions or if the relevant Redeemable Preferred Member has not provided written wire transfer instructions, a check dispatched to the address of such Redeemable Preferred Member as shown on the Register of Members, at the Redeemable Preferred Member’s risk, within three Banking Days of the Maturity Date.