Common use of Calculations and Payments Clause in Contracts

Calculations and Payments. Unless otherwise specified ------------------------- herein, expressions of a time of day refer to such time in New York, New York. Except as otherwise specified in this Agreement or in a Supplement, amounts payable hereunder shall be paid in immediately available funds. Whenever any reference is made to an amount or time the determination or calculation of which is governed by this Section 1.03, the provisions of this Section 1.03 shall be ------------ ------------ applicable to such determination or calculation, whether or not reference is specifically made to this Section 1.03, unless some other method of ------------ determination or calculation is expressly specified in the particular provision.

Calculations and Payments. Unless otherwise specified ------------------------- herein, ------------------------- expressions of a time of day refer to such time in New York, New York. Except as otherwise specified in this Agreement or in a Supplement, amounts payable hereunder shall be paid in immediately available funds. Whenever any reference is made to an amount or time the determination or calculation of which is governed by this Section 1.03, the provisions of this Section 1.03 shall be ------------ ------------ applicable to such determination or calculation, whether or not reference is specifically made to this Section 1.03, unless some other method of ------------ determination or calculation is expressly specified in the particular provision.