Common use of Timing of Sale Notice and Purchase Date Clause in Contracts

Timing of Sale Notice and Purchase Date. If, at or prior to 12:30 P.M. (New York time) on any Business Day, PARCO delivers a Sale Notice to the Funding Agent specifying that the Purchase Date shall be the same date as the date of the Sale Notice, the Funding Agent shall, by no later than 1:30 P.M. (New York time) on such Business Day, notify each APA Bank of such Sale Notice. Each APA Bank shall make a purchase of its Pro Rata Share of the Purchase Percentage of the PARCO Interest by advancing immediately available funds on such date to the account of PARCO maintained at the principal office of the Funding Agent no later than 3:00 P.M. (New York time). Notwithstanding the fact that the Purchase Date may occur on a date which is later than the date on which the Sale Notice is delivered to the Funding Agent, the several obligations of each APA Bank to accept such transfer and to make payment of the amounts required to be paid by it pursuant to Section 2.2 shall arise immediately upon receipt by the Funding Agent of the Sale Notice. Regardless of when the Sale Notice is received, any APA Bank may designate any one or more of its domestic or foreign branches, offices or affiliates through which it will fund its Pro Rata Share of the Purchase Price for a Purchase, and the term "APA Bank" shall include any such branch, office or affiliate for such purpose.

Timing of Sale Notice and Purchase Date. If, at or prior to 12:30 P.M. (New York time) on any Business Day, PARCO delivers a Sale Notice to the Funding Agent specifying that the Purchase Date shall be the same date as the date of the Sale Notice, the Funding Agent shall, by no later than 1:30 1:00 P.M. (New York time) on such Business Day, notify each APA Bank of such Sale Notice. Each APA Bank shall make a purchase of its Pro Rata Share of the Purchase Percentage of the PARCO Interest Transferred Interests Payments by advancing immediately available funds on such date to the account of PARCO maintained at the principal office of the Funding Agent no later than 3:00 2:00 P.M. (New York time). Notwithstanding the fact that the Purchase Date may occur on a date which is later than the date on which the Sale Notice is delivered to the Funding Agent, the several obligations of each APA Bank to accept such transfer and to make payment of the amounts required to be paid by it pursuant to Section 2.2 shall arise immediately upon receipt by the Funding Agent of the Sale Notice. Regardless of when the Sale Notice is received, any APA Bank may designate any one or more of its domestic or foreign branches, offices or affiliates through which it will fund its Pro Rata Share of the Purchase Price for a Purchase, and the term "APA Bank" shall include any such branch, office or affiliate for such purpose.

Timing of Sale Notice and Purchase Date. If, at or prior to 12:30 P.M. (New York time) on any Business Day, PARCO delivers a the Sale Notice to the Funding Agent specifying that the Purchase Date shall be the same date as the date of the Sale Notice, the Funding Agent shall, by no later than 1:30 1:00 P.M. (New York time) on such Business Day), notify each APA Bank of such Sale Notice. Each APA Bank shall make a purchase of its Pro Rata Share of the Purchase Percentage of the PARCO Interest by advancing immediately available funds on such date to the PARCO's account of PARCO maintained at the principal office of the Funding Agent no later than 3:00 2:00 P.M. (New York time). Notwithstanding the fact that the Purchase Date may occur on a date which is later than the date on which the Sale Notice is delivered to the Funding Agent, the several obligations of each APA Bank to accept such transfer and to make payment of the amounts required to be paid by it pursuant to Section 2.2 5.2 shall arise immediately upon receipt by the Funding Agent of the Sale Notice. Regardless of when the Sale Notice is received, any APA Bank may designate any one or more of its domestic or foreign branches, offices or affiliates through which it will fund its Pro Rata Share of the Purchase Price for a Purchase, and the term "APA Bank" shall include any such branch, office or affiliate for such purpose.

Timing of Sale Notice and Purchase Date. If, at or prior to 12:30 P.M. (New York time) on any Business Day, PARCO delivers a the Sale Notice to the Funding Agent specifying that the Purchase Date shall be the same date as the date of the Sale Notice, the Funding Agent shall, by no later than 1:30 1:00 P.M. (New York time) on such Business Day), notify each APA Bank of such Sale of Notice. Each APA Bank shall make a purchase of its Pro Rata Share of the Purchase Percentage of the PARCO Interest by advancing immediately available funds on such date to the PARCO's account of PARCO maintained at the principal office of the Funding Agent no later than 3:00 2:00 P.M. (New York time). Notwithstanding the fact that the Purchase Date may occur on a date which is later than the date on which the Sale Notice is delivered to the Funding Agent, the several obligations of each APA Bank to accept such transfer and to make payment of the amounts required to be paid by it pursuant to Section 2.2 shall arise immediately upon receipt by the Funding Agent of the Sale Notice. Regardless of when the Sale Notice is received, any APA Bank may designate any one or more of its domestic or foreign branches, offices or affiliates through which it will fund its Pro Rata Share of the Purchase Price for a Purchase, and the term "APA Bank" shall include any such branch, office or affiliate for such purpose.

Timing of Sale Notice and Purchase Date. If, at or prior to 12:30 P.M. 12.30P.M. (New York time) on any Business Day, PARCO delivers a Sale Notice to the Funding Agent specifying that the a Purchase Date shall be the same date as the date of the Sale Notice, the Funding Agent shall, by no later than 1:30 P.M. 1.30P.M. (New York time) on such Business Day, notify each APA Bank of such Sale Notice. Each APA Bank shall make a purchase of its Pro Rata Share of the Purchase Percentage of the PARCO Interest by advancing immediately available funds on such date to the account of PARCO maintained at the principal office of the Funding Agent no later than 3:00 P.M. 3.00P.M. (New York time). Notwithstanding the fact that the a Purchase Date may occur on a date which is later than the date on which the Sale Notice is delivered to the Funding Agent, the several obligations obligation of each APA Bank to of accept such transfer and to make payment of the amounts amount required to be paid by it pursuant to Section 2.2 shall arise immediately upon receipt by the Funding Agent of the a Sale Notice. Regardless of when the Sale Notice is received, any APA Bank may designate any one or more of its domestic or foreign branches, offices or affiliates through which it will fund its Pro Rata Share of the Purchase Price for a Purchase, and the term "“APA Bank" ” shall include any such branch, office or affiliate for such purposepurchase.