Payments Clause Example with 4 Variations from Business Contracts
This page contains Payments clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Payments. (a) Method of Payment. All payments required by this Agreement shall be made by (i) wire transfer to the appropriate bank account as may from time to time be designated by the parties for such purpose; provided that, on the date of such wire transfer, notice of the transfer is given to the recipient thereof in accordance with Section 12, or (ii) any other method agreed to by the parties. All payments due under this Agreement shall be deemed to be paid when available funds are actually received b...y the payee. 22 (b) Interest. Any payment required by this Agreement that is not made on or before the date required hereunder shall bear interest, from and after such date through the date of payment, at the Prime Rate. (c) Characterization of Payments. Except to the extent otherwise required by applicable Law or pursuant to a Final Determination, the parties hereto agree to treat, and to cause their respective Affiliates to treat, (i) any payment required by this Agreement or by the Transaction Agreement (other than payments of interest), as either a contribution by Parent to Match or a distribution by Match to Parent, as the case may be (which contribution or distribution shall, in the case of any payment made following the Distribution Date, be treated as occurring immediately prior to the Distribution) and (ii) any payment of interest or non-federal Income Taxes by or to a Tax Authority, as taxable or deductible, as the case may be, to the party entitled under this Agreement to retain such payment or required under this Agreement to make such payment; provided that in the event such treatment is not permissible (or that an Indemnified Party nevertheless suffers a Tax detriment as a result of such payment), the payment in question shall be adjusted to place the Indemnified Party in the same after-tax position it would have enjoyed absent such applicable Law or Final Determination.View More
Variations of a "Payments" Clause from Business Contracts
Payments. (a) Method of Payment. All payments required by this Agreement shall be made by (i) wire transfer to the appropriate bank account as may from time to time be designated by the parties respective Parties for such purpose; provided provided, however, that, on the date of such wire transfer, notice of the transfer is given to the recipient thereof in accordance with Section 12, 11, or (ii) any other method agreed to by the parties. Parties. All payments due under this Agreement shall be deemed to b...e paid when available funds are actually received by the payee. 22 28 (b) Interest. Any payment required by this Agreement that is not made on or before the date required hereunder shall bear interest, from and after such date through the date of payment, at the Prime Underpayment Rate. (c) Characterization of Payments. Except to the extent otherwise required by applicable Law or pursuant to a Final Determination, For all tax purposes, the parties hereto agree to treat, and to cause their respective Affiliates to treat, (i) treat any payment required by this Agreement or by the Transaction Agreement (other than payments of interest), as either a contribution by Parent Remainco to Match Spinco or a distribution by Match Spinco to Parent, Remainco, as the case may be (which contribution or distribution shall, in the case of any payment made following the Distribution Date, be treated as be, occurring immediately prior to the Distribution) and (ii) any payment of interest Spin-Off, except as otherwise mandated by applicable law or non-federal Income Taxes by or to a Tax Authority, as taxable or deductible, as the case may be, to the party entitled under this Agreement to retain such payment or required under this Agreement to make such payment; provided Final Determination; provided, however, that in the event it is determined (i) pursuant to applicable law, or (ii) pursuant to a Final Determination, that any such treatment is not permissible (or that an Indemnified Party nevertheless suffers a an Income Tax or Other Tax detriment as a result of such payment), the payment in question shall be adjusted to place the Indemnified Party in the same after-tax position it would have enjoyed absent such applicable Law law or Final Determination. View More
Payments. 25 (a) Method of Payment. All payments required by this Agreement shall be made by (i) wire transfer to the appropriate bank account as may from time to time be designated by the parties respective Parties for such purpose; provided provided, however, that, on the date of such wire transfer, notice of the transfer is given to the recipient thereof in accordance with Section 12, or (ii) any other method agreed to by the parties. Parties. All payments due under this Agreement shall be deemed to be... paid when available funds are actually received by the payee. 22 (b) Interest. Any payment required by this Agreement that is not made on or before the date required hereunder shall bear interest, from and after such date through the date of payment, at the Prime Underpayment Rate. (c) Characterization of Payments. Except to the extent otherwise required by applicable Law or pursuant to a Final Determination, For all tax purposes, the parties hereto agree to treat, and to cause their respective Affiliates to treat, (i) treat any payment required by this Agreement or by the Transaction Agreement (other than payments of interest), as either a contribution by Parent TriMas to Match Horizon or a distribution by Match Horizon to Parent, TriMas, as the case may be (which contribution or distribution shall, in the case of any payment made following the Distribution Date, be treated as be, occurring immediately prior to the Distribution) and (ii) any payment of interest Spin-Off, except as otherwise mandated by applicable law or non-federal Income Taxes by or to a Tax Authority, as taxable or deductible, as the case may be, to the party entitled under this Agreement to retain such payment or required under this Agreement to make such payment; provided Final Determination; provided, however, that in the event it is determined (i) pursuant to applicable law, or (ii) pursuant to a Final Determination, that any such treatment is not permissible (or that an Indemnified Party nevertheless suffers a an Income Tax or Other Tax detriment as a result of such payment), the payment in question shall be adjusted to place the Indemnified Party in the same after-tax position it would have enjoyed absent such applicable Law law or Final Determination. View More
Payments. (a) Method of Payment. All payments required by this Agreement shall be made by (i) wire transfer to the appropriate bank account as may from time to time be designated by the parties respective Parties for such purpose; provided provided, however, that, on the date of such wire transfer, notice of the transfer is given to the recipient thereof in accordance with Section 12, or (ii) any other method agreed to by the parties. Parties. All payments due under this Agreement shall be deemed to be pa...id when available funds are actually received by the payee. 22 (b) Interest. Any payment required by this Agreement that is not made on or before the date required hereunder shall bear interest, from and after such date through the date of payment, at the Prime Underpayment Rate. (c) Characterization of Payments. Except to the extent otherwise required by applicable Law or pursuant to a Final Determination, For all tax purposes, the parties hereto agree to treat, and to cause their respective Affiliates to treat, (i) treat any payment required by this Agreement or by the Transaction Agreement (other than payments of interest), as either a contribution by Parent TriMas to Match Horizon or a distribution by Match Horizon to Parent, TriMas, as the case may be (which contribution or distribution shall, in the case of any payment made following the Distribution Date, be treated as be, occurring immediately prior to the Distribution) and (ii) any payment of interest Spin-Off, except as otherwise mandated by applicable law or non-federal Income Taxes by or to a Tax Authority, as taxable or deductible, as the case may be, to the party entitled under this Agreement to retain such payment or required under this Agreement to make such payment; provided Final Determination; provided, however, that in the event it is determined (i) pursuant to applicable law, or (ii) pursuant to a Final Determination, that any such treatment is not permissible (or that an Indemnified Party nevertheless suffers a an Income Tax or Other Tax detriment as a result of such payment), the payment in question shall be adjusted to place the Indemnified Party in the same after-tax position it would have enjoyed absent such applicable Law law or Final Determination. View More
Payments. (a) Method of Payment. All payments required by this Agreement shall be made by (i) wire transfer to the appropriate bank account as may from time to time be designated by the parties hereto for such purpose; provided that, on the date of such wire transfer, notice of the transfer is given to the recipient thereof in accordance with Section 12, or (ii) any other method agreed to by the parties. parties hereto. All payments due under this Agreement shall be deemed to be paid when available funds ...are actually received by the payee. 22 (b) Interest. Any payment required by this Agreement that is not made on or before the date required hereunder shall bear interest, from and after such date through the date of payment, at the Prime Rate. 23 (c) Characterization of Payments. Except to the extent otherwise required by applicable Law or pursuant to a Final Determination, the parties hereto agree to treat, and to cause their respective Affiliates to treat, (i) any payment required by this Agreement or by the Transaction Contribution Agreement (other than payments of interest), as either a contribution by Parent (or the relevant member of the Parent Group) to Match NewCo or a distribution by Match NewCo to Parent, Parent (or the relevant member of the Parent Group), as the case may be (which contribution or distribution shall, in the case of any payment made following the Distribution Date, be treated as occurring immediately prior to the Distribution) and (ii) any payment of interest or non-federal non-U.S. federal Income Taxes by or to a Tax Authority, as taxable or deductible, as the case may be, to the party entitled under this Agreement to retain such payment or required under this Agreement to make such payment; provided in each case that in the event if such treatment is not permissible (or that an Indemnified Party nevertheless suffers a Tax detriment as a result of such payment), the payment in question shall be adjusted to place the Indemnified Party payee in the same after-tax after-Tax position it would have enjoyed absent such applicable Law or Final Determination. View More
