Common use of Directed Payments Clause in Contracts

Directed Payments. If a party which is entitled to a payment under this Purchase Agreement provides the other party five days' advance written designation of a bank and account number into which the payee wishes payment to be made, then the payor will make such payment by wire transfer (in immediately available funds) to the designated account of the payee.

Appears in 3 contracts

Samples: Share Purchase Agreement (Ferro Corp), Purchase Agreement (Ferro Corp), Purchase Agreement (Ferro Corp)

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Directed Payments. If a party which is entitled to a payment under this Purchase Agreement provides the other party five days' ’ advance written designation of a bank and account number into which the payee wishes payment to be made, then the payor payer will make such payment by wire transfer (in immediately available funds) to the designated account of the payee.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ferro Corp), Asset Purchase Agreement (Ferro Corp)

Directed Payments. If a party which is entitled to a payment under this Purchase Agreement provides the other party five five-days' advance written designation of a bank and account number into which the payee wishes payment to be made, then the payor payer will make such payment by wire transfer (in immediately available funds) to the designated account of the payee.

Appears in 1 contract

Samples: Share Purchase Agreement (Norcross Capital Corp)

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Directed Payments. If a party which is entitled to a payment under this Purchase Agreement provides the other party five days' advance written designation of a bank and account number into which the payee wishes payment to be made, then the payor payer will make such payment by wire transfer (in immediately available funds) to the designated account of the payee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ferro Corp)

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