Common use of Currency, Time and Place of Payment; Overdue Payments Clause in Contracts

Currency, Time and Place of Payment; Overdue Payments. Buyer shall make all payments required to be made by it hereunder in immediately available U.S. Dollars, without any discount or deduction whatsoever, by wire transfer to such account at such bank as may be designated by Seller from time to time. Payments in respect of Oil sold and delivered shall be made no later than thirty (30) Days after the date of the xxxx of lading therefor (xxxx of lading date excluded). All other payments to Seller shall be made thirty (30) Days after presentation by Seller of a written demand setting forth the provisions of the Agreement giving rise to the payment obligation, the nature of such obligation, and the amount thereof. If any payment hereunder is due on a Day which is not a Banking Day, such payment shall be due on the immediately preceding Banking Day. In the event that Buyer fails to make any payment when due, then, to the extent permitted by applicable law and without prejudice to the application of any other provision hereof or to any other remedy provided to Seller hereunder or otherwise (including, without limitation, Articles 7.3 and 7.4), interest shall accrue daily on the amount of the overdue payment, commencing on the date such payment was due, at a rate per annum equal to two percent (2%) above the prime rate in effect from time to time as announced by Citibank, N.A. at its principal office in New York, New York; it being understood and agreed that each change in the prime rate shall take effect on the Day on which such change is announced by Citibank, N.A. Interest shall be computed for the actual number of Days elapsed on the basis of a year consisting of three hundred sixty (360) Days, payable on demand.

Currency, Time and Place of Payment; Overdue Payments. Buyer shall make all payments required to be made by it hereunder under this Agreement in immediately available U.S. Dollars, without any discount or deduction whatsoever, by wire transfer to such account at such bank as may be designated by Seller from time to time. Payments in respect of Oil sold and delivered shall be made no later than within thirty (30) Days after the date of the xxxx of lading therefor (xxxx of lading date excluded). All other payments to Seller shall be made thirty fifteen (3015) Days after presentation by Seller of a written demand setting forth the provisions of the this Agreement giving rise to the payment obligation, the nature of such obligation, and the amount thereof. If any payment hereunder is due on a Day which is not a Banking Day, such payment shall be due on the immediately preceding following Banking Day. In the event that Buyer fails to make any payment when due, then, to the extent permitted by applicable law and without prejudice to the application of any other provision hereof or to any other remedy provided to Seller hereunder under this Agreement or otherwise (including, without limitation, Articles 7.3 8.4 and 7.48.5), interest shall accrue daily on the amount of the overdue payment, commencing on the date such payment was due, at a rate per annum equal to two one percent (21%) above the prime rate in effect from time to time as announced by Citibank, N.A. at its principal office in New York, New York, United States; it being understood and agreed that each change in the prime rate shall take effect on the Day on which such change is announced by Citibank, N.A. Interest shall be computed for the actual number of Days elapsed on the basis of a year consisting of three hundred sixty (360) Days, payable on demand.

Currency, Time and Place of Payment; Overdue Payments. Buyer shall make all payments required to be made by it hereunder under the Agreement in immediately available U.S. Dollars, without any discount or deduction whatsoever, by wire transfer to such account at such bank as may be designated by Seller from time to time. Payments in respect of Oil sold and delivered shall be made no later than within thirty (30) Days after of the date of the xxxx of lading therefor (xxxx of lading date excluded)) specified in the Particular Conditions of Sale. All other payments to Seller shall be made thirty five (305) Days after presentation by Seller of a written demand setting forth the provisions of the Agreement giving rise to the payment obligation, the nature of such obligation, and the amount thereof. If any payment hereunder is due on a Day which is not a Banking Day, such payment shall be due on the immediately preceding Banking Day. In the event that Buyer fails to make any payment when due, then, to the extent permitted by applicable law and without prejudice to the application of any other provision hereof or to any other remedy provided to Seller hereunder under the Agreement or otherwise (including, without limitation, Articles 7.3 10.4 and 7.410.5 ), interest shall accrue daily on the amount of the overdue payment, commencing on the date such payment was due, at a rate per annum equal to two three percent (23%) above the prime rate in effect from time to time as announced by Citibank, N.A. at its principal office in New York, New York, United States; it being understood and agreed that each change in the prime rate shall take effect on the Day on which such change is announced by Citibank, N.A. Interest shall be computed for the actual number of Days elapsed on the basis of a year consisting of three hundred sixty (360) Days, payable on demand.

Currency, Time and Place of Payment; Overdue Payments. Buyer shall make all payments required to be made by it hereunder in immediately available U.S. Dollars, without any discount or deduction whatsoever, by wire transfer to such bank account at such a bank branch located within the United States of America as may be designated by Seller from time to time. Payments in respect of Oil Maya sold and delivered shall be made no on or before the later than of the Day which is thirty (30) Days after the date of the xxxx of lading therefor (xxxx or the Day which is five Business Days after delivery to Buyer of lading date excluded)the corresponding invoice pursuant to Article 11.6. All Except as otherwise expressly provided in the Agreement, all other payments to Seller shall be made within thirty (30) Days after presentation by Seller of a written demand setting forth the provisions of the Agreement giving rise to the payment obligation, the nature of such obligation, and the amount thereof. If any payment hereunder is would be due on a Day Day, other than a Sunday or Monday, which is not a Banking Business Day, such payment shall be due on the immediately preceding Banking Business Day, and if any payment hereunder would be due on a Sunday or Monday which is not a Business Day, such payment shall be due on the immediately succeeding Business Day. In the event that Buyer fails to make any payment under the Agreement when due, then, to the extent permitted by applicable law and without prejudice to the application of any other provision hereof or to any other remedy provided to Seller hereunder or otherwise (including, without limitation, remedies provided pursuant to Articles 7.3 11.4 and 7.411.5), interest shall accrue daily on the amount of the overdue payment, commencing on the date such payment was due, at a rate per annum equal to two percent (2%) above the prime rate in effect from time to time as announced by Citibank, N.A. at its principal office offices in New York, New York; it being understood and agreed that each change in the prime rate shall take effect on the Day on which such change is announced by Citibank, N.A. Interest shall be computed for the actual number of Days elapsed on the basis of a year consisting of three hundred sixty (360) Days, payable on demand.