Common use of General Payment Provisions Clause in Contracts

General Payment Provisions. The Payor will make the Payment under this Compulsory Repurchase Instrument in one or more installments in such currency of the United States of America as will be legal tender at the time of payment. Payment under this Compulsory Repurchase Instrument will be made by immediately available funds to Payee’s account as previously identified to the Payor by the Payee. The Company may decide, in its discretion, to make payment in cash, or by the distribution of securities in kind or partly in cash and partly in kind. Any payment in the form of securities will be made by means of a separate arrangement entered into with the Payee in the sole discretion of the Company.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (BlackRock Preferred Partners LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation Master Portfolio LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation TEI Portfolio LLC)

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General Payment Provisions. The Payor will make the Payment under this Compulsory Repurchase Instrument in one or more installments in such currency of the United States of America as will be legal tender at the time of payment. Payment under this Compulsory Repurchase Instrument will be made by immediately available funds to Payee’s account as previously identified to the Payor by the Payee. The Company may decide, in its discretion, to make payment in cash, or by the distribution of securities in kind or partly in cash and partly in kind. Any payment in the form of securities will be made by means of a separate arrangement entered into with the Payee in the sole discretion of the Company.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (BlackRock Alternatives Allocation FB TEI Portfolio LLC), Limited Liability Company Agreement (BlackRock Preferred Partners LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation TEI Portfolio LLC)

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General Payment Provisions. The Payor will make the Payment under this Compulsory Repurchase Instrument in one or more installments in such currency of the United States of America as will be legal tender at the time of payment. Payment under this Compulsory Repurchase Instrument will be made by immediately available funds to Payee’s account as previously identified to the Payor by the Payee. The Company Trust may decide, in its discretion, to make payment in cash, or by the distribution of securities in kind or partly in cash and partly in kind. Any payment in the form of securities will be made by means of a separate arrangement entered into with the Payee in the sole discretion of the CompanyTrust.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (BlackRock Multi-Sector Opportunities Trust II), Agreement and Declaration of Trust (BlackRock Multi-Sector Opportunities Trust Series I)

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