Common use of Payments on Assignment Effective Date Clause in Contracts

Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Participating Commitment and Funded Participant's Interest as set forth above, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Share of the principal amount of the Funded Participant's Interest of Assignor outstanding on the Assignment Effective Date.

Appears in 3 contracts

Samples: Loan Facility Agreement (Ruby Tuesday Inc), Loan Facility Agreement (Aaron Rents Inc), Loan Facility Agreement (Aaron Rents Inc)

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Payments on Assignment Effective Date. In consideration of the assignment by the Assignor to the Assignee of the Assignee's Share of Assignor's Participating Commitment and Funded Participant's Interest as set forth aboveShare, the Assignee agrees to pay to the Assignor on or prior to the Assignment Effective Date an amount specified by the Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Share of the principal amount of the Funded Participant's Interest of Assignor outstanding on the Assignment Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (Vertrue Inc), Credit Agreement (Memberworks Inc)

Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's ’s Share of Assignor's ’s Participating Commitment and Funded Participant's ’s Interest as set forth above, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's ’s Share of the principal amount of the Funded Participant's ’s Interest of Assignor outstanding on the Assignment Effective Date.

Appears in 2 contracts

Samples: Loan Facility Agreement (Ruby Tuesday Inc), Loan Facility Agreement (Ruby Tuesday Inc)

Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Participating Commitment pursuant to this Assignment and Funded Participant's Interest as set forth aboveAcceptance, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Pro Rata Share of the principal amount of the Funded Participant's Interest of Assignor Loans to Borrower and outstanding on the Assignment Effective Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Participating Commitment pursuant to this Assignment and Funded Participant's Interest as set forth aboveAcceptance, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's ’s Pro Rata Share of the principal amount of the Funded Participant's Interest of Assignor Loans to Borrower and outstanding on the Assignment Effective Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Perry-Judds Inc)

Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Participating Commitment pursuant to this Assignment and Funded Participant's Interest as set forth aboveAcceptance, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date (as defined below) an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Pro Rata Share of the principal amount of the Funded Participant's Interest of Assignor Loans to Borrowers outstanding on the Assignment Effective Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Smith C D Drug Co)

Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Participating Commitment pursuant to this Assignment and Funded Participant's Interest as set forth aboveAcceptance, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's ’s Pro Rata Share of the principal amount of the Funded Participant's Interest of Assignor Revolving Loans to Borrower outstanding on the Assignment Effective Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Apac Customer Service Inc)

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Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Participating Revolving Credit Commitment and Funded Participant's Interest Advances as set forth above, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Share of the principal amount of the Funded Participant's Interest of respective Advances made by Assignor pursuant to the Credit Agreement and outstanding on the Assignment Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Rock Tenn Co)

Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Participating Commitment pursuant to this Assignment and Funded Participant's Interest as set forth aboveAcceptance, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Pro Rata Share of the principal amount of the Funded Participant's Interest of Assignor Loans to Borrowers and outstanding on the Assignment Effective Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Empire of Carolina Inc)

Payments on Assignment Effective Date. In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Participating Commitment Revolving Loan Commitment, Term Loan and Funded Participant's Interest Advances as set forth above, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Share of the principal amount of the Funded Participant's Interest of respective Advances made by Assignor pursuant to the Credit Agreement and outstanding on the Assignment Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Morrison Health Care Inc)

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