Common use of Contributions; Payments Clause in Contracts

Contributions; Payments. Holdings will contribute as an equity contribution to the capital of the Borrower promptly upon its receipt thereof, any cash proceeds (net of reasonable costs associated with such sale or issuance) received by Holdings from any sale or issuance of its preferred or common equity or any cash capital contributions received by Holdings, provided that (i) to the extent permitted by Section 8.05(r), Holdings may lend such proceeds to the Borrower through Borrower Subordinated Loans and (ii) Holdings may retain such proceeds for a period not exceeding three (3) days to the extent such proceeds have been specifically allocated for use by Holdings in connection with any transaction permitted to be consummated by Holdings hereunder and Holdings may use such proceeds within such three (3) day period for such allocated use.

Contributions; Payments. Holdings will contribute as an equity contribution to the capital of the Borrower promptly upon its receipt thereof, any cash proceeds (net of reasonable costs associated with such sale or issuance) received by Holdings from any sale or issuance of its preferred or common equity or any cash capital contributions received by Holdings, provided that (i) to the extent permitted by Section 8.05(r), Holdings may lend such proceeds to the Borrower through Borrower Subordinated Loans and (ii) Holdings may retain such proceeds for a period not exceeding three (3) days to the extent such proceeds have been specifically allocated for use by Holdings in connection with any transaction permitted to be consummated by Holdings hereunder and Holdings may use such proceeds within such three (3) day period for such allocated usehereunder.

Contributions; Payments. Holdings will contribute as an equity contribution to the capital of the Borrower a Credit Party (other than Holdings) promptly upon its receipt thereof, any cash proceeds (net of reasonable costs associated with such sale or issuance) received by Holdings from any sale or issuance of its preferred or common equity or any cash capital contributions received by Holdings, provided that (i) to the extent permitted by Section 8.05(r), Holdings may lend such proceeds to the Borrower through Borrower Subordinated Loans and (ii) Holdings may retain such proceeds for a period not exceeding three (3) days Business Days to the extent such proceeds have been specifically allocated for use by Holdings in connection with any transaction permitted to be consummated by Holdings hereunder and Holdings may use such proceeds within such three (3) day Business Day period for such allocated use.