Common use of Date for Payment Clause in Contracts

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. 4.1 DATE FOR PAYMENT ---------------- Where any amount is required to be paid to the Purchaser by the Vendors Vendor in respect of an Actual Tax Liability Liability, the Vendors Vendor 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 or, if later later, ten Business Days following the date on which the Purchaser notifies the Vendors Vendor of its liability to make such payment.