Common use of Payment and Taxes Clause in Contracts

Payment and Taxes. 3.1 The initial Payment Period for a Lease shall begin on the first day of the month following the Commencement Date. Customer will remit each Payment payable hereunder to the bank account specified in the invoice sent by IBM. If any Payment is due on a non-Business Day, then such Payment shall become due and payable on the next Business Day.

Payment and Taxes. 3.1 The initial Payment Period for a Lease shall begin on the first day of the month following the Commencement Date. Customer will remit each Payment payable hereunder to the bank account specified in the invoice sent by IBMIGF. If any Payment is due on a non-Business Day, then such Payment shall become due and payable on the next Business Day.