Common use of DATE FOR PAYMENT Clause in Contracts

DATE FOR PAYMENT. 5.1 Where a Tax Claim or any sum to which paragraph 2.2 of part 3 applies involves the Purchaser or the Company being under a liability to make a payment to any Tax Authority, the Warrantors shall pay to the Purchaser in cleared funds the amount claimed on or before the later of the fifth Business Day after demand is made for such payment and the fifth Business Day before the date on which the amount in question is payable to the relevant Tax Authority without any interest, penalty, fine or surcharge arising in respect of it.

DATE FOR PAYMENT. 5.1 Where a Tax Claim or any sum to which paragraph 2.2 of part Part 3 of this Schedule applies involves the Purchaser Buyer or the Company being under a liability to make a payment to any Tax Authority, the Warrantors shall pay to the Purchaser Buyer in cleared funds the relevant amount claimed on or before the later of the fifth Business Day after demand is made for such payment the amount in question and the fifth Business Day before the date on which the amount in question is finally payable to the relevant Tax Authority without any interest, penalty, fine or surcharge arising in respect of it.

DATE FOR PAYMENT. 5.1 Where a Tax Claim or any sum to which paragraph 2.2 of part 3 of this schedule applies involves the Purchaser or the Company being under a liability to make a payment to any Tax Authority, the Warrantors shall pay to the Purchaser in cleared funds the relevant amount claimed on or before the later of the fifth Business Day after demand is made for such payment the amount in question and the fifth Business Day before the date on which the amount in question is payable (not including extensions) to the relevant Tax Authority without any interest, penalty, fine or surcharge arising in respect of it.

DATE FOR PAYMENT. 5.1 Where a Tax Claim or any sum to which paragraph 2.2 of part 3 of this schedule applies involves the Purchaser or the Company being under a liability to make a payment to any Tax Authority, the Warrantors shall pay to the Purchaser in cleared funds the relevant amount claimed on or before the later of the fifth Business Day after demand is made for such payment the amount in question and the fifth Business Day before the date on which the amount in question is finally payable to the relevant Tax Authority without any interest, penalty, fine or surcharge arising in respect of it.