Application of Funds by Owner Trust. On the Closing Date, upon ----------------------------------- receipt by the Owner Trust of (a) the amount of the Investment to be made by the Owner Participant on the Closing Date, (b) the purchase price of the Secured Note to be paid by the Pass Through Trustee, as a Loan Participant, on the Closing Date, and (c) the instruction pursuant to Section 2.6 that each of such amounts is available to be applied by the Owner Trust pursuant to this Section 2.7, the Owner Trust shall cause such funds to be deposited in such amounts and in such accounts as may be specified by the Owner Participant by written instructions.
Appears in 6 contracts
Samples: Participation Agreement (Mobil Corp), Participation Agreement (Mobil Corp), Participation Agreement (Mobil Corp)
