Date for Payment Sample Clauses
Date for Payment. 5.1 Where a Holdings Tax Claim or any sum to which paragraph 2.2 of part 3 of this schedule applies involves the Purchaser or Holdings being under a liability to make a payment to any Tax Authority, the Warrantors shall (subject to clause 4 of this agreement) instruct the Vendors’ Solicitors to release from the Joint Account (subject to clause 4 of this agreement) to pay the Purchaser the relevant amount on or before the later of the fifth Business Day after demand is made for the amount in question and the fifth Business Day before the date on which the amount in question is payable to the relevant Tax Authority without any interest, penalty, fine or surcharge arising in respect of it.
5.2 Where a Holdings Tax Claim does not fall within paragraph 5.1, the due date for payment out of the Joint Account (subject to clause 4 of this agreement) under this schedule shall be:
5.2.1 in the case of a Holdings Tax Claim involving the loss of an Accounts Relief which is not a right to a repayment of Tax, the later of ten Business Days following service by the Purchaser of a written demand for the same and the date on which the Accounts Relief would otherwise have been used but for such loss;
5.2.2 in the case of a Holdings Tax Claim involving the loss of an Accounts Relief which is a right to repayment of Tax, the later of ten Business Days after the Purchaser has served a written demand for the same and the date on which repayment of Tax would have actually been received or credited against an Actual Tax Liability;
5.2.3 in the case of a Holdings Tax Claim involving the set-off of a Purchaser’s Relief or an Accounts Relief, the later of ten Business Days following the service by the Purchaser of a written demand for the same or the date on which the Actual Tax Liability against which the Purchaser’s Relief or Accounts Relief is set off would have fallen due but for such setting off; and
5.2.4 in any other case, ten Business Days following the service by the Purchaser of a written demand for the same.
5.3 If the Warrantors default in the payment when due of any sum payable under this schedule, the liability of the Warrantors shall be increased to include interest on that sum from the date when the payment was due until the date of actual payment (as well after as before judgment) at a rate per annum of 1 per cent. above the base rate from time to time of Barclays Bank plc. This interest shall be payable on demand.
Date for Payment. Subject to clause 11.4 and the terms of the applicable Statement of Work, if the Purchasing Agency receives a Valid Tax Invoice:
(a) on or before the 3rd Business Day of the month, the Purchasing Agency must pay that Valid Tax Invoice by the 20th calendar day of that month; or
(b) after the 3rd Business Day of the month, the Purchasing Agency must pay that Valid Tax Invoice on or before the 20th calendar day of the month following the month it is received.
Date for Payment. Any invoice under this Agreement must be paid in full on or before the Due Date. Except as otherwise provided in this Agreement, “
Date for Payment. The Authority shall pay to the Contractor the Termination Sum, together with any interest at the Prescribed Rate on or before the date falling forty (40) Business Days after the Termination Date.
Date for Payment. Where any amount is required to be paid to the Purchaser by the Vendors in respect of an Actual Tax Liability the Vendors shall pay such amount in cleared funds three Business Days before the date on which the Tax in question is due for payment to the relevant Tax Authority or if later ten Business Days following the date on which the Purchaser notifies the Vendors of its liability to make such payment.
Date for Payment. 5.1 Subject to paragraphs 5.2 and 5.3, the due date for payment by the Sellers of any sum due under this Schedule shall be:
5.1.1 in the case of any Tax Liability which involves an actual payment of Tax, the later of (i) 3 Business Days before the amount of the Tax Liability is due and payable and (ii) 10 Business Days after a demand in writing is served on the Sellers by the Buyer; and
5.1.2 in the case of any Tax Liability which does not involve an actual payment of Tax, on the date which is 10 Business Days after a demand in writing is served on the Sellers by the Buyer, such demand to be accompanied by a copy of a certificate from the auditors of the relevant Group Company (obtained or procured to be obtained by and at the expense of the Buyer) to the effect that the Sellers have a liability of a stated amount in respect of such Tax Liability.
5.2 If the date on which the Tax can be recovered by the relevant Tax Authority is deferred following application to such Tax Authority, the date for payment by the Sellers shall be 3 Business Days before the later of (i) (a) such later date when the amount of Tax is finally and conclusively determined, or a decision of a court or tribunal is given or any binding agreement or determination is made from which either no appeal lies or in respect of which no appeal is made within the prescribed time limit and (b) if earlier, the date on which such Tax is lawfully recoverable by the relevant Tax Authority, and (ii) 10 Business Days after a demand in writing is served on the Sellers by the Buyer.
5.3 If a payment or payments to the relevant Tax Authority prior to the date otherwise specified by this paragraph would avoid or minimise interest or penalties, the Sellers may at their option pay the whole or part of the amount due to the Buyer on an earlier date or dates, and, in such event, the Buyer shall procure that the Tax in question (or the appropriate part of it) is promptly paid to the relevant Tax Authority.
Date for Payment. 3.1 A payment to be made by the Warrantors under this Schedule shall be made in cleared funds on the following dates:
(a) in the case of an amount under paragraphs 1.1(a), 1.1(c), 1.1(d), 1.1(e) or 1.1(f) of Part 3 of this Schedule on or before the later of:
(i) seven days after written demand for such payment; and
(ii) seven days before the date on which the Tax is finally due to the Tax Authority demanding the same (or would have been due but for the utilisation of any Buyer’s Relief);
(b) in the case of an amount in respect of an Effective Tax Liability within paragraph 2.2(a) of Part 1 of this Schedule on or before the later of:
(i) seven days after written demand for such payment; and
(ii) seven days before the date on which Tax becomes payable which would not have been payable if no liability had arisen under paragraph 1.1(b) of Part 3 of this Schedule or, in the case of a repayment of Tax, the date on which such repayment would have been made;
(c) in the case of an amount in respect of an Effective Tax Liability within paragraph 2.2(b) of Part 1 of this Schedule, on or before the later of:
(i) seven days after written demand for such payment; and
(ii) seven days before the date on which the Tax saved thereby would otherwise have become due and payable to the relevant Tax Authority;
(d) in the case of an amount under paragraph 1.1(g) of Part 3 of this Schedule within seven days of the Buyer giving written notice of the costs and expenses to the Warrantors;
(e) in the case of any claim for breach of the Tax Warranties five days after demand is made.
3.2 Where the Warrantors fails to make a payment in satisfaction of a liability under this Schedule by the due date for payment, the liability of the Warrantors shall be increased to include interest on such sum from the date on which the Warrantors becomes liable to make payment to the date of actual payment at a rate per annum being four per cent above the base rate from time to time of Barclays Bank plc compounded monthly (such interest to accrue after as well as before judgement).
Date for Payment. The amount payable by Enbridge pursuant to Section 3(a) shall be paid upon the occurrence of the latest of: (1) subject to Section 6 and the next sentence, 15 Business Days after the receipt by Enbridge of a notice from Management accompanied by its computations in accordance with Section 6; 7 <Page> (2) if any such indemnity payment relates to an Indemnifiable Event that is contested pursuant to Section 5, 15 Business Days after the date of a Final Determination with respect to such Indemnifiable Event; and (3) in the case of, and to the extent such amount payable by Enbridge pursuant to Section 3(a) relates to, the redemption or other disposition of the I-Units, and subject to Section 6 and the next sentence, 15 Business Days after the redemption or other disposition of the I-Units. The date required for payment pursuant to the preceding sentence shall be delayed until 15 Business Days after delivery to Enbridge of any verification requested pursuant to Section 6. 4.
Date for Payment. 4.1 Each Seller shall pay to the Purchaser amounts due, paid or assessed under this Schedule in cleared, immediately available funds:
(a) in the case of amounts due, paid or assessed in relation to an Actual Tax Liability, within five (5) Business Days following the date on which the Purchaser gives written notice to the Sellers of the amount so payable, paid or assessed or, if later, two (2) Business Days before the date on which the relevant Tax is payable;
(b) in the case of amounts due, paid or assessed in relation to a Deemed Tax Liability, within five (5) Business Days following the date on which the Purchaser gives written notice to the Sellers of the amount so payable, paid or assessed or, if later, two (2) Business Days before the date on which the Tax would have been due for payment; and
(c) in all other cases in relation to an Actual Tax Liability, Deemed Tax Liability or otherwise, within five (5) Business Days following the date on which the Purchaser gives written notice to the Sellers of the amount payable, paid or assessed.
Date for Payment. If the date for payment of any amount under these Terms of Issue is not a Business Day, the date for payment shall be postponed to the next following Business Day.