Common use of PAYMENTS OBLIGATIONS Clause in Contracts

PAYMENTS OBLIGATIONS. On and after the Effective Date, the Assignee shall be entitled to receive from the Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Assignee shall advance funds directly to the Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. [In consideration for the sale and assignment of Loans hereunder, (i) the Assignee shall pay the Assignor on the Effective Date, an amount equal to the principal amount of the portion of all ABR Loans assigned to the Assignee hereunder and

Appears in 3 contracts

Samples: Assignment Agreement (Beazer Homes Usa Inc), Assignment Agreement (Beazer Homes Usa Inc), Assignment Agreement (Beazer Homes Usa Inc)

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PAYMENTS OBLIGATIONS. On and after the Effective Date, the Assignee shall be entitled to receive from the Administrative Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Assignee shall advance funds directly to the Administrative Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. [In consideration for the sale and assignment of Loans and L/C Participation Amounts hereunder, (i) the Assignee shall pay the Assignor Assignor, on the Effective Date, an amount equal to the principal amount of the portion of all ABR Loans assigned to the Assignee hereunder andall

Appears in 1 contract

Samples: Assignment Agreement (TBC Corp)

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PAYMENTS OBLIGATIONS. On and after the Effective Date, the Assignee shall be entitled to receive from the Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Assignee shall advance funds directly to the Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. [In consideration for the sale and assignment of Loans hereunder, (i) the Assignee shall pay the *Each Assignor on the Effective Date, an amount equal to the principal amount may insert its standard payment provisions in lieu of the portion of all ABR Loans assigned to the Assignee hereunder andpayment terms included in this Exhibit.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Properties Four LTD Partnership)

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