Form and Manner of Payments. All payments made pursuant to this Agreement shall be made by check or wire transfer of immediately available funds to a bank account to be designated by the Party receiving such payment. Either Party may designate from time to time a different bank or account by notice to the other Party given not less than ten (10) Business Days prior to the payment date to which such payment instructions are to apply. If the date for any payment called for under this Agreement should fall on a day that is not a Business Day at the location designated for receipt of such payment, then such payment may be made on the next succeeding Business Day in such location with the same effect as if made on the date due.
Form and Manner of Payments. The Principal and Interest are payable on the date such payment is due, not later than 11:00 am (New York time) at the offices of the Lender, 000 Xxxx Xxxxxx, Xxxxx 000, Xxx Xxxx, XX 00000-0000, or such other address as the Lender may specify in writing to the Borrower, in, at the option of the Borrower and in such proportions as the Borrower may elect, (i) lawful money of the United States of America, (ii) fully paid and nonassessable shares of common or preferred stock of Khanty- Mansiyskneftegazgeologia, a subsidiary of the Lender incorporated under the laws of the Russian Federation ("KMNGG"), valued, solely for purposes of determining the number of shares to be so paid pursuant to this Section 1.6, at U.S.$520.00 per share, or (iii) common stock of the Lender valued, solely for purposes of determining the number of shares to be so paid pursuant to this Section 1.6, at U.S.$600.00 per share; provided, however, that the values in clauses (ii) and (iii) shall be adjusted as appropriate for any stock splits, combinations and dividends or other distributions consisting of, or payable in, shares of common or preferred stock of KMNGG or common stock of the Lender, respectively. Notwithstanding the foregoing, following the completion of an initial public offering of the Lender's common stock, the common stock of the Lender shall be valued at the market price listed for such shares on the public exchange on which such shares are traded.
Form and Manner of Payments. The Principal and Interest are payable on the date such payment is due, not later than 11:00 am (New York time) at the offices of the Lender, 000 Xxxx Xxxxxx, Xxxxx 000, Xxx Xxxx, XX 00000-0000, or such other address as the Lender may specify in writing to the Borrower, in. at the option of the Borrower and in such proportions as the Borrower may elect, (i) lawful money of the United States of America, (ii) fully paid and nonassessable shares of common or preferred stock of Khanty- Mansiyskneftegazgeologia, a subsidiary of the Lender incorporated under the laws of the Russian Federation ("KMNGG"), valued, solely for purposes of determining the number of shares to be so paid pursuant to this Section 1.6, at U.S.$520.00 per share, or (iii) common stock of the Lender valued, solely for purposes of determining the number of shares to be so paid pursuant to this Section 1.6, at U.S.$600.00 per share; provided, however, that the values in clauses (ii) and (iii) shall be adjusted as appropriate for any stock splits, combinations and dividends or other distributions consisting of, or payable in, shares of
Form and Manner of Payments. Franchisee will pay Franchisor all one-time or non-periodic fees, including the Initial Fee, in the form of cashier’s check or other form of payment acceptable to Franchisor in its sole discretion. Franchisee will pay Franchisor the Royalty, Ad Fee, and any other monthly or regularly recurring fees by electronic funds transfer or other form of payment acceptable to Franchisor in its sole discretion. Franchisee will execute all banking forms, documents, and any other agreements, as set forth in the Manual, and will take all other actions necessary, to facilitate electronic funds transfer payments to Franchisor, and Franchisee authorizes Franchisor to debit Franchisee’s account for any amounts due by electronic funds transfer.
Form and Manner of Payments. All payments to a Party under this Agreement shall be made in United States Dollars or Euros (as specified in this Agreement) and by wire transfer of immediately available funds to the following bank accounts: If to Contractor:
Form and Manner of Payments. Unless otherwise provided in this Agreement or otherwise specified in writing by Licensor, all payments by Licensee under this Agreement shall be made within thirty (30) days after March 31, June 30, September 30, December 31, for each applicable Contract Year and payable in US Dollars to Licensor or to a bank or other organization designated by Licensor at the official rate of conversion of currency existing at the moment of the issue of any invoice from Licensee to customers. Payments shall be by wire transfer. Failure to timely provide a written accounting under Section 6.4 and make the applicable Royalty Payment shall be cause for immediate termination of this Agreement.
Form and Manner of Payments
