Common use of General Payments Clause in Contracts

General Payments. All amounts payable by Seller to Purchaser under this Agreement shall be paid in full, free and clear of all deductions, set-off or withholdings whatsoever except only as may be required by law, and shall be paid on the date such amount is due to the Purchaser Account. If any deduction or withholding is required by law (other than any taxes payable by Purchaser), Seller shall pay to Purchaser such additional amount as necessary to ensure that the net amount actually received by Purchaser is equal to the full amount Purchaser should have received had no such deduction or withholding been required. All payments to be made hereunder or in respect of the Purchased Receivable shall be in USD. Any amounts that would fall due for payment on a day other than a Business Day shall be payable on the succeeding Business Day. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred sixty (360) days consisting of twelve 30-day months.

General Payments. All amounts payable by Seller to Purchaser under this Agreement shall be paid in full, free and clear of all deductions, set-off or withholdings whatsoever except only as may be required by law, and shall be paid on the date such amount is due to the Purchaser Account. If any deduction or withholding is required by law (other than any taxes payable by Purchaser)law, Seller shall pay to Purchaser such additional amount as necessary to ensure that the net amount actually received by Purchaser is equal equals to the full amount Purchaser should have received had no such deduction or withholding been required. All payments to be made hereunder or in respect of the Purchased Receivable shall be in USD. Any amounts that would fall due for payment on a day other than a Business Day shall be payable on the succeeding Business Day. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred sixty (360) days consisting of twelve 30-day months.