Common use of Payment of Investment Clause in Contracts

Payment of Investment. On any Investment Date, each Uncommitted Investor or each Committed Investor, as the case may be, shall remit its share of the aggregate amount of such Investment (determined pursuant to Section 2.2(a)) to the account of the Managing Agent specified therefor from time to time by the Managing Agent by notice to such Persons by wire transfer of same day funds. Following the Managing Agent’s receipt of funds from the Investors as aforesaid, the Managing Agent shall remit such funds received to the SPV’s account at the location indicated in Schedule 11.3, by wire transfer of same day funds.

Appears in 5 contracts

Samples: Transfer and Administration Agreement (Valvoline Inc), Transfer and Administration Agreement (Ashland Inc.), Transfer and Administration Agreement (Ashland Inc.)

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Payment of Investment. On any Investment Date, each Uncommitted Conduit Investor or each Committed Investor, as the case may be, shall remit its share of the aggregate amount of such Investment (determined pursuant to Section 2.2(a)) to the account of the applicable Managing Agent specified therefor from time to time by the such Managing Agent by notice to such Persons by wire transfer of same day funds. Following the each Managing Agent’s 's receipt of funds from the Investors as aforesaid, the such Managing Agent shall remit such funds received to the SPV’s 's account at the location indicated in Schedule 11.3, by wire transfer of same day funds.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Norfolk Southern Corp)

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