Common use of Date for Payment Clause in Contracts

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. 3.1 4.1 A payment to be made by the Warrantors Seller 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(d1.1(e), 1.1(e1.1(f), 1.1(g) or 1.1(f1.1(i) of Part 3 of this Schedule on or before the later of: (i) seven days after written demand for such payment; and (ii) seven two 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)same; (b) in the case of an amount in respect of an Effective Tax Liability Liability, on or before the later of: (i) seven days after written demand for such payment; and (ii) two days before the date on which the payment of Tax saved thereby would otherwise have become due and payable to the relevant Tax Authority; (c) in the case of an amount under paragraph 1.2 of Part 3 of this Schedule within seven days of the Buyer giving written notice and evidence of the costs and expenses incurred by the Buyer or the Target to the Seller; (d) in the case of an amount under paragraph 2.2(a1.1(d) of Part 1 3 of this Schedule on or before the later of: (i) seven days after written demand for such payment; and (ii) seven two days before the date on which Tax becomes the Group Relief Payment is finally due and 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 by the case of a repayment of Tax, the date on which such repayment would have been made;Target; and (ce) in the case of an amount in respect of an Effective Tax Liability within under paragraph 2.2(b1.1(h) of Part 1 3 of this Schedule, : (i) where the liability is an Actual Tax Liability on or before the later of: (iA) seven days after written demand for such payment; and (iiB) seven two days before the date on which the Tax saved thereby would otherwise have become is finally due and payable to the relevant Tax Authority;Authority demanding the same; and (dii) in the case of an amount under paragraph 1.1(g) of Part 3 of this Schedule any other liability, within seven days of the Buyer giving written notice and evidence of the costs and expenses liability incurred by the Buyer or the Target to the Warrantors; (e) in the case of any claim for breach of the Tax Warranties five days after demand is madeSeller. 3.2 Where 4.2 Any sum not paid by the Warrantors fails to make a payment in satisfaction of a liability under this Schedule by Seller on the due date for payment, the liability of the Warrantors payment as specified in clause 6.1 shall be increased bear Interest (which shall accrue from day 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 day after as well as before judgement)any judgment for the same) from the due date to and including the day of actual payment, provided that no Interest shall accrue to the extent that the Seller’s liability under part 3 of this Schedule extends to interest or penalties arising after the due date.

Date for Payment. 3.1 8.1 A payment to be made by the Warrantors under this Schedule the Tax Covenant or for breach of any of the Tax Warranties shall be made in cleared funds on the following dates: (a) in the case of an amount under paragraphs 1.1(a4(a), 1.1(c), 1.1(d), 1.1(e4(c) or 1.1(fand 4(e) of Part 3 of this Schedule to 4(j) (inclusive) on or before the later of: (i) seven days after written demand for such that 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)that amount; (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 that payment; and (ii) seven days before the date on which Tax becomes payable which would not have been payable saved if no liability had arisen under paragraph 1.1(b4(a) of Part 3 of this Schedule the Tax Covenant or, in the case of a repayment of Tax, the date on which such that 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 that 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(gparagraphs 4(d) of Part 3 of this Schedule within and 4(i) on or before the later of: (i) seven days of the Buyer giving written notice of the costs and expenses to the Warrantors;; and (ii) seven days before the date on which the costs and expenses are due for payment. (e) in the case of any claim for breach of any of the Tax Warranties five seven 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).