Common use of Consummation of Purchase Clause in Contracts

Consummation of Purchase. Any purchase pursuant to Section 6.1 or Section 6.2 above shall occur on a date selected by Lead Lender as specified in its notice as required thereby. The applicable Purchase Price shall be paid on such date in immediately available funds and, concurrently therewith, Participant shall execute and deliver to Lead Lender documents assigning its pro rata share to the other Lender. Each Lender agrees to be responsible for any expenses incurred by or on behalf of it, including, without limitation, legal fees and recording costs, in connection with the aforesaid purchase.