Common use of Payment of Purchase Price etc Clause in Contracts

Payment of Purchase Price etc. Subject to satisfaction of the relevant conditions referred to in clauses 3.1, 3.2 and 3.3 and to the satisfaction of the conditions set out in clause 3.11, in each case at the time then due or agreed to be due, the Lessor agrees: 3.7.1 to pay the First Instalment of the Contract Price pursuant to the Novation Agreement and each other Instalment of the Contract Price pursuant to the Novated Building Contract (in each case in the amount and at the time described therein); 3.7.2 to pay when due to the Supervisor the Supervision Costs and the Buyer’s Supplies Reimbursement Amount payable pursuant to clause 4.5 of the Supervision Agreement; 3.7.3 to pay on the First Instalment Date: (a) the Arrangement Fee; and (b) the Lessor’s Legal Costs and the costs of the Lessor’s insurance advisers, each in an amount as agreed and in accordance with the payment details specified in the invoices received by the Lessor from the arranger and from the Lessor’s legal and insurance advisers on or before the First Instalment Date; and 3.7.4 to pay the Lessor’s Underwriting Fee on the First Instalment Date.