Common use of Payment of the Assigned Amount Clause in Contracts

Payment of the Assigned Amount. Assignee Lender will pay to Assignor Lender, for value not later than 12:00 noon 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").

Appears in 5 contracts

Samples: Term Loan Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.), Term Loan Credit Agreement (Rand Logistics, Inc.)

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Payment of the Assigned Amount. Assignee Lender will pay to Assignor Lender, for value in immediately available funds, not later than 12:00 noon 11:00 a.m. (Eastern Standard Time on the Effective Date, an amount equal to its Pro Rata Share of the then outstanding principal amount of the Loans, Loans as set forth above in Section 1.1 [together with accrued interest, fees and other amounts as set forth on Schedule 2.1 2.1] (the "Assigned Amount").. 1 Include this Section if assigned interests will be subject to Retained Interests

Appears in 1 contract

Samples: Credit Agreement (Great Lakes Aviation LTD)

Payment of the Assigned Amount. Assignee Lender will pay to Assignor Lender, for value not later than 12:00 noon on the Effective Date, an amount equal to its Pro Rata Share of the then outstanding principal amount of the LoansAdvances, 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").

Appears in 1 contract

Samples: Credit Agreement (Clean Harbors Inc)

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Payment of the Assigned Amount. Assignee Lender will pay to Assignor Lender, for value not later than 12:00 noon 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").

Appears in 1 contract

Samples: Credit Agreement (Rand Logistics, Inc.)

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