Common use of Initial Payment and Delivery of Notes Clause in Contracts

Initial Payment and Delivery of Notes. 2.1 Payment of the Assigned Amount Assignee Lender will pay to Assignor Lender, in immediately available funds, not later than 12:00 noon (New York time) on the Effective Date, an amount equal to its Pro Rata Share of the then outstanding principal amount of the Loans as set forth above in Section 1.1 together with accrued interest, fees and other amounts as set forth on Schedule 2.1 (the “Assigned Amount”). 2.2 Payment of Assignment Fee Assignor Lender and/or Assignee Lender will pay to Agent, for its own account in immediately available funds, not later than 12:00 noon (New York time) on the Effective Date, the assignment fee in the amount of $3,500 (the “Assignment Fee”) as required pursuant to Section 9.1(a) of the Credit Agreement.

Initial Payment and Delivery of Notes. 2.1 Payment of the Assigned Amount 2.1. PAYMENT OF THE ASSIGNED AMOUNT. Assignee Lender will pay to Assignor Lender, in immediately available funds, not later than 12:00 noon (New York time) on the Effective Date, an amount equal to its Pro Rata Share as set forth on Schedule 1.1 of the then outstanding principal amount of the Loans as set forth above in Section 1.1 together with accrued interest, fees and other amounts as set forth on Schedule 2.1 (the “Assigned Amount”"ASSIGNED AMOUNT"). 2.2 Payment of Assignment Fee Assignor Lender and/or Assignee Lender 2.2. PAYMENT OF ASSIGNMENT FEE. [ASSIGNOR LENDER AND/OR ASSIGNEE LENDER] will pay to Agent, for its own account in immediately available funds, not later than 12:00 noon (New York time) on the Effective Date, the assignment fee in the amount of $3,500 (the “Assignment Fee”"ASSIGNMENT FEE") as required pursuant to Section 9.1(a) of the Credit Agreement.