DUE DATE OF PAYMENT AND INTEREST Sample Clauses

DUE DATE OF PAYMENT AND INTEREST. 5.1 The Seller shall pay to the Purchaser any amount payable under this Part of this Schedule on or before the date which is the later of the date ten Business Days after demand is made therefor by the Purchaser and two Business Days before the first date on which the Tax in question becomes recoverable by the Tax Authority demanding the same. Provided that:
AutoNDA by SimpleDocs
DUE DATE OF PAYMENT AND INTEREST. (a) Where a claim under this Agreement relates to Damages relating to Tax, the Sellers shall pay to FID the amount claimed under this Agreement in respect thereof on or before the date which is the later of the date ten (10) Business Days after demand is made therefor under this Agreement and the fifth Business Day prior to the latest date on which the Tax in question can be paid to the relevant Tax authority in order to avoid a liability to interest or penalties accruing.
DUE DATE OF PAYMENT AND INTEREST. 4.1 Where a claim under this Part of this Schedule relates to a liability of a Target Company to make or suffer an actual payment or increased payment of Tax or an amount on account of or in respect of Tax (a Tax Amount), each Seller shall pay to the Purchaser the amount for which that Seller is liable under this Part of this Schedule in respect of the Tax Amount on or before the date which is the later of the date ten (10) Business Days after demand is made therefor under this Part of this Schedule (such demand to include full details of the claim and the amount thereof) and the fifth Business Day prior to:
DUE DATE OF PAYMENT AND INTEREST. 4.1 Where a claim under this Tax Covenant relates to a liability to make or suffer an actual payment or increased payment of Tax or an amount in respect thereof, the Sellers shall be liable to pay on or before the date which is the later of the date ten (10) Business Days after demand is made therefor under this Tax Covenant pursuant to the Agreement and the fifth (5th) Business Day prior to:
DUE DATE OF PAYMENT AND INTEREST. 10.1 Subject to paragraph 10.2 the Sellers shall pay to the Purchaser any amount payable under this Schedule on or before the date which is the later of the date ten (10) Business Days after demand is made therefore by the Purchaser and two (2) Business Days before the first date on which the Tax in question becomes recoverable by the Taxation Authority demanding the same. Provided that:
DUE DATE OF PAYMENT AND INTEREST. 8.1 Where a claim under this Schedule relates to a liability to make or suffer an actual payment or increased payment of Tax, the Sellers shall pay to the Purchaser the amount claimed under this Schedule in respect thereof on or before the date which is the later of the date ten Business days after demand is made therefor under this Schedule and the fifth Business Day prior to:
DUE DATE OF PAYMENT AND INTEREST. 9.1 The Share Sellers shall pay to the Share Purchaser any amount payable under this Part of this Schedule on or before the date which is the later of the date ten Business Days after demand is made therefor by the Share Purchaser and two Business Days before the first date on which the Tax in question (or the Tax which would have been payable but for the use or set off of a Purchasers’ Relief, as the case may be) becomes recoverable (or would have become recoverable) by the Tax Authority demanding the same.
AutoNDA by SimpleDocs
DUE DATE OF PAYMENT AND INTEREST. 10.1 Subject to paragraph 10.2, the Relevant Vendor shall pay to the Relevant Purchaser any amount payable under this Schedule on or before the date which is the later of the date ten Business Days after demand is made therefor by the Relevant Purchaser and two (2) Business Days before the first date on which the tax in question becomes due and payable to the tax authority demanding the same or would have become due and payable but for the use or set off of the Purchaser's relief. Provided that:
DUE DATE OF PAYMENT AND INTEREST. 5.1 Where a claim under this Deed relates to an Actual Tax Liability, the Seller shall pay to the Purchaser the amount claimed under this Deed in respect thereof on or before the date which is the later of the date ten (10) Business Days after the demand is made thereof under this Deed and the tenth (10th) Business Day prior to: 5.1.1 in the case of Tax in respect of which there is no provision for payment by instalments, the latest date on which the Tax in question can be paid to the relevant Tax Authority in order to avoid a liability to interest or penalties accruing; 5.1.2 in the case of Tax in respect of which there is requirement for payment by instalments, each date on which an instalment of such Tax becomes payable. 5.2 Where a claim under this Deed relates to the loss or set off of a repayment of Tax, the Seller shall pay to the Purchaser the amount claimed under this Deed in respect thereof on or before the date which is the later of the date ten (10) Business Days after the demand is made thereof under this Deed and the date when such repayment would have been due were it not for such loss or setting off. 5.3 Where a claim under this Deed relates to the loss, use or set off of any Relief other than a repayment of Tax, the Seller shall pay to the Purchaser the amount claimed under this Deed in respect thereof on or before the date which is the later of the date ten (10) Business Days after demand is made therefor under this Deed, and: 5.3.1 in the case of a Relief which is used or set off, the date or dates referred to in Clauses 5.1.1 or 5.1.2 that would have applied to the Tax saved by the use or set off of the Relief if that Tax had been payable; or 5.3.2 in the case of a Relief which is lost, the date or dates referred to in Clauses 5.1.1 or 5.1.2 that apply to the Tax which but for such loss would have been saved by virtue of such Relief. 5.4 Any sum not paid by the Seller on the due date for payment specified in this Clause 5 shall bear interest (which shall accrue from day to day after as well as before any judgment for the same) at the rate of four (4) per cent. per annum over the base rate of Barclays Bank PLC from the due date to and including the day of actual payment of such sum, compounded quarterly. Such interest shall be paid on the demand of the Purchaser. 5.5 All sums payable by the Seller under this Deed shall be made in full without any set off or counterclaim howsoever arising. 5.6 All sums payable by the Seller under this Dee...
DUE DATE OF PAYMENT AND INTEREST. 9.1 The Vendor shall pay (for itself and as trustee for the Designated Vendor) to the Purchaser (for itself and as trustee for the Designated Purchaser) any amount payable under this Schedule on or before the date which is the later of the date five (5) Business Days after demand is made therefore by the Purchaser and:
Time is Money Join Law Insider Premium to draft better contracts faster.