Common use of Payment of Commitment Clause in Contracts

Payment of Commitment. The Owner Participant agrees with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement and the Commitment Letter, to make the amount of its Commitment available for and on account of the Owner Trustee on the Delivery Date specified in the Delivery Notice pursuant to Section 3.01 hereof by wire transfer, initiated by 10:00 a.m. (New York City time on such day) of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company, Boston, Massachusetts, ABA Number: 011-000-028, Account Name: FedEx Equity Payments, Account Number: 104000-000, Xxtention: Chrissey Mullen, Re: FedEx Equity Payment Account. The amount of the Xxxxx Xxxxxxxxant's Commitment shall be held for the account of the Owner Participant by the Owner Trustee until released by the Owner Participant or its special counsel at closing or until returned to the Owner Participant in accordance with Section 3.02(c) hereof.

Payment of Commitment. The Owner Participant agrees with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement and the Commitment Letter, to make the amount of its Commitment available for and on account of the Owner Trustee on the Delivery Date specified in the Delivery Notice pursuant to Section 3.01 hereof by wire transfer, initiated by 10:00 a.m. (New York City time on such day) of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company, Boston, Massachusetts, ABA Number: 011-000-028, Account Name: FedEx Equity Payments, Account Number: 104000-000HT5000, XxtentionXxxxxxion: Chrissey Mullen, Re: FedEx Equity Payment Account. The amount of the Xxxxx Xxxxxxxxant's Commitment shall be held for the account of the Owner Participant by the Owner Trustee until released by the Owner Participant or its special counsel at closing or until returned to the Owner Participant in accordance with Section 3.02(c) hereof.

Payment of Commitment. The Each Owner Participant agrees agrees, severally and not jointly, with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement and the Commitment Letter, to make the amount of its Commitment available for and on account of the Owner Trustee on the Delivery Date specified in the Delivery Notice pursuant to Section 3.01 hereof by wire transfer, initiated by 10:00 a.m. (New York City time on such day) of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company, Boston, Massachusetts, ABA Number: 011-000-028, Account Name: FedEx Equity Payments, Account Number: 104000-000, Xxtention: Chrissey Mullen, Re: FedEx Equity Payment Account. The amount of the eacx Xxxxx XxxxxxxxantXxxxxxxpant's Commitment shall be held for the account of the applicable Owner Participant by the Owner Trustee until released by the such Owner Participant or its special counsel at closing or until returned to the such Owner Participant in accordance with Section 3.02(c) hereof.

Payment of Commitment. The Owner Participant agrees with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement and the Commitment Letter, to make the amount of its Commitment available for and on account of the Owner Trustee on the Delivery Date specified in the Delivery Notice pursuant to Section 3.01 hereof by wire transfer, initiated by 10:00 a.m. (New York City time on such day) of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company, Boston, Massachusetts, ABA Number: 011000-000-028000, Account Name: FedEx Equity Payments, Account Number: 104000-000HT5639, XxtentionAttention: Chrissey MullenXxxxxxxx Xxxxxx, Re: FedEx Equity Payment Account. The amount of the Xxxxx XxxxxxxxantOwner Participant's Commitment shall be held for the account of the Owner Participant by the Owner Trustee until released by the Owner Participant or its special counsel at closing or until returned to the Owner Participant in accordance with Section 3.02(c) hereof.