Common use of Contributions by the Company Clause in Contracts

Contributions by the Company. The Company agrees to pay the Contribution in pounds Sterling to the University on receipt of University invoices received prior to the Payment Dates. The Contribution will be exclusive of any value added tax [and free of withholding] or other taxes which, if applicable, will be payable in addition by the Company. The Company will pay the additional travel and subsistence costs incurred as a direct result of the Student carrying out the Project, together with the reasonable costs of the Student and the Academic Supervisor in attending meetings. The University will own any equipment purchased or constructed using the Contribution. The University shall acknowledge the financial contribution of the Company towards any such equipment in such reasonable way as may be mutually agreed between the Company and the University. If any amount due under this Agreement by the Company is not paid in accordance with this Clause 2 the Company shall pay interest on the amount outstanding as at the due date of payment from the due date of payment until payment is made in full at the rate of 4 per centum per annum above the base lending rate of the Royal Bank of Scotland plc from time to time. Such interest shall accrue on a daily basis and be compounded quarterly. The Company will provide the in kind contributions to the University as specified in Part 2B of the Schedule.

Contributions by the Company. The Company agrees to pay the Contribution in pounds Sterling Xxxxxxxx to the University on receipt of University invoices received prior to the Payment Dates. The Contribution will be exclusive of any value added tax [and free of withholding] or other taxes which, if applicable, will be payable in addition by the Company. The Company will pay the additional travel and subsistence costs incurred as a direct result of the Student carrying out the Project, together with the reasonable costs of the Student and the Academic Supervisor in attending meetings. The University will own any equipment purchased or constructed using the Contribution. The University shall acknowledge the financial contribution of the Company towards any such equipment in such reasonable way as may be mutually agreed between the Company and the University. If any amount due under this Agreement by the Company is not paid in accordance with this Clause 2 the Company shall pay interest on the amount outstanding as at the due date of payment from the due date of payment until payment is made in full at the rate of 4 per centum per annum above the base lending rate of the Royal Bank of Scotland plc from time to time. Such interest shall accrue on a daily basis and be compounded quarterly. The Company will provide the in kind contributions to the University as specified in Part 2B of the Schedule.

Contributions by the Company. The Company agrees to pay the Contribution in pounds Sterling to the University on receipt of University invoices received prior to the Payment Dates. The Contribution will be exclusive of any value added tax [and free of withholding] or other taxes which, if applicable, will be payable in addition by the Company. The Company will pay the additional travel and subsistence costs incurred as a direct result of the Student carrying out the Project, together with the reasonable costs of the Student and the Academic Supervisor in attending meetings. The University will own any equipment purchased or constructed using the Contribution. The University shall acknowledge the financial contribution of the Company towards any such equipment in such reasonable way as may be mutually agreed between the Company and the University. If any amount due under this Agreement by the Company is not paid in accordance with this Clause clause 2 the Company shall pay interest on the amount outstanding as at the due date of payment from the due date of payment until payment is made in full at the rate of 4 per centum per annum above the base lending rate of the Royal Bank of Scotland plc from time to time. Such interest shall accrue on a daily basis and be compounded quarterly. The Company will provide the in kind contributions to the University as specified in Part 2B of the Schedule.