Common use of PAYMENT OF ALLOCABLE SHARE Clause in Contracts

PAYMENT OF ALLOCABLE SHARE. Effective from and after the IPO Date, to the extent that Holdings' share of the costs set forth in Section 8.2(a) is not paid directly by Holdings, but instead is initially paid by Continental, Holdings shall reimburse Continental for such costs as soon as administratively feasible (but no later than 60 days) following the receipt of an invoice from Continental providing the amount and description of such costs.

PAYMENT OF ALLOCABLE SHARE. Effective from and after the IPO Date, to the extent that Holdings' share of the costs set forth in Section 8.2(a) is not paid directly by Holdings, but instead is initially paid by Continental, Holdings shall reimburse Continental for such costs as soon as administratively feasible (but no later than 60 days) following the receipt of an invoice from Continental providing the amount and description of such costs. Holdings may, at its election, reimburse Continental for such costs by increasing the amount payable by Holdings to Continental under the InterCompany Note.