General Terms of Payment. (a) All sums payable to Funding Corporation hereunder shall be deemed paid to the extent the Depositary shall apply amounts held by the Depositary in accordance with the Depositary Agreement to the payment of principal of or interest on the Partnership Loan and the Senior Secured Notes in accordance with the Depositary Agreement.
(b) Whenever any payment hereunder shall be due, or any calculation shall be made, on a day which is not a Business Day, the date for payment or calculation, as the case may be, shall be extended to the next succeeding Business Day, and any interest on any payment shall be payable for such extended time at the specified rate.
(c) If no due date is specified for the payment of any amount payable by Guarantor hereunder, such amount shall be due and payable not later than ten (10) days after receipt of written demand by Funding Corporation or by the Trustee to Guarantor for payment thereof.
General Terms of Payment. All payments shall be made in lawful money of the United States of America at such place as the Holder may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal.
General Terms of Payment. 1) The Seller’s invoices must be paid at the Seller’s head office address for the amount stated on each invoice.
2) Invoices are payable within 30 days of the date of issue in accordance with Law NR 2008/776 of 04 August 2008.
3) Payment by Bill of Exchange or promissory note is subject to the Seller’s express consent; such means of payment must be specified on the order and accepted on the Seller’s confirmation of order. In any event, the invoice shall not be deemed settled before the Buyer returns the accepted bill of exchange or promissory note provided such return takes place within 10 days of the invoice being issued. Failure to return the accepted bill of exchange or promissory note within 10 days constitutes a default in payment on the due date. Moreover, the Buyer is hereby reminded that all bills of exchange must be sent to the bank for payment 12 working days before due date.
4) No claim of the Buyer against the Seller can be set off against any invoice issued by the Seller.
General Terms of Payment. (a) All sums payable to Funding Company hereunder shall be deemed paid to the extent the Collateral Agent shall apply amounts held by the Depositary Bank to the payment of the principal of, interest on or any other amounts due in respect of the Trinidad Project Loan and the principal of, premium (if any), interest on or any other amounts due in respect of the Securities, each in accordance with the Trinidad Depositary Agreement.
(b) Whenever any payment hereunder shall be due, or any calculation shall be made, on a day which is not a Business Day, the date for payment or calculation, as the case may be, shall be extended to the next Business Day, and any interest on any payment shall be payable for such extended time at the rate set forth therefor.
(c) If no due date is specified for the payment of any amount payable by the Trinidad Project Borrower hereunder, such amount shall be due and payable not later than ten (10) days after receipt by the Trinidad Project Borrower of a written demand from Funding Company for payment thereof.
General Terms of Payment. (a) All sums payable to Funding Company hereunder shall be deemed paid to the extent the Collateral Agent shall apply amounts held by the Depositary Bank to the payment of the principal of, interest on or any other amounts due in respect of the U.S. Project Loan and the principal of, premium (if any), interest on or any other amounts due in respect of the Securities, each in accordance with the U.S. Depositary Agreement.
(b) Whenever any payment hereunder shall be due, or any calculation shall be made, on a day which is not a Business Day, the date for payment or calculation, as the case may be, shall be extended to the next Business Day, and any interest on any payment shall be payable for such extended time at the rate set forth therefor.
(c) If no due date is specified for the payment of any amount payable by the U.S. Guarantors hereunder, such amount shall be due and payable not later than ten (10) days after receipt by the U.S. Guarantors of a written demand from Funding Company for payment thereof.
General Terms of Payment. (a) All sums payable to Agent or the Term Lenders hereunder shall be paid without deduction, set-off or counterclaim in New York City in immediately available funds not later than 1:00 p.m. (New York time) on the day in question to the Federal Reserve Bank of New York, for credit to the account of Credit Suisse, New York Branch, ABA No. 0000-0000-0 (CR SUISSE NY), Attention: Loan Department.
(b) Any payments made to Agent for its account or for the benefit of Term Lenders shall be applied first against costs, expenses and indemnities due hereunder; then against fees due to Agent and Term Lenders (other than LOC Fees); then against Default Interest, if any; then against interest on the Term Loan; then against any LOC Fees; and then against principal of the Term Loan.
(c) Whenever any payment hereunder shall be due, or any calculation shall be made, on a day which is not a Banking Day, the date for payment or calculation, as the case may be, shall be extended to the next succeeding Banking Day, and any interest on any payment shall be payable for such extended time at the specified rate. In no event shall this Section be deemed to modify the definitions of Term Loan Repayment Date or Interest Period set forth in this Agreement.
(d) All calculations of interest, fees, increased costs, funding costs, gross up costs or other amounts due hereunder calculated by Agent shall be conclusive as to the amount thereof absent manifest error. Agent shall promptly provide Borrower with a certificate, as to the basis and amount of any withholding or increased cost, setting forth the method of calculation of such amounts, the assumptions made in making such calculation and the reason for such withholding. At least five (5) Banking Days prior to the date on which a payment is due from Borrower hereunder, Agent shall provide a notice to Borrower specifying the amount due and the date on which such amount is due.
(e) If no due date is specified for the payment of any amount payable by Borrower hereunder, such amount shall be due and payable not later than twenty (20) days after receipt of written demand by Agent to Borrower for payment thereof.
General Terms of Payment. 22.2.1 All payments to the Supplier shall be made in US Dollars.
General Terms of Payment. (a) All sums payable to the Issuer hereunder shall be deemed paid to the extent the Collateral Agent shall apply, pursuant to the instructions of either Obligor, amounts held by the Depositary Bank to the payment of the principal of, interest on or any other amounts due in respect of the Guarantor Loan and the principal of, premium (if any), interest on or any other amounts due in respect of the Bonds, each in accordance with the Indenture or any relevant Supplemental Indenture.
(b) All payments due or accruing hereunder shall be calculated pursuant to the terms and provisions set forth in the Indenture with respect to the corresponding payment due or accruing on the Bonds.
General Terms of Payment. 22.2.1 All payments to the Supplier shall be made in US Dollars.
22.2.2 Full and properly itemised and issued requests for progress payments, reimbursement of VAT, customs duties and other taxes and duties shall be submitted by the Supplier to the Purchaser not more than ***.
22.2.3 No payment shall be claimed earlier than that set out in the Schedule of Progress Payments in Annex 2 hereof, unless otherwise specifically agreed to by the Purchaser.
22.2.4 The monthly request for payment shall show the total prices and charges for each item in accordance with the Price Schedule contained in Annex 1 hereof. The amounts due to the Supplier shall be computed in accordance with Article 22.1.
22.2.5 Such requests for payment are to be accompanied by all documentation necessary to demonstrate compliance with the terms of this Contract including but not limited to appropriate Release Certificates signed on behalf of the Purchaser and relevant shipping papers.
22.2.6 On the basis of such requests for payment, the Supplier shall be paid the full amount owed *** of receipt of the request for payment by the Purchaser, subject to applicable deduction or withholding pursuant to this Contract.
22.2.7 In the event that one or more items, on any request for payment, is questioned by the Purchaser or for which the Purchaser requires additional information prior to authorising its payment, the amount of such item shall be deducted from the total amount of the request for payment and payment of the balance of such request for payment shall be made in accordance with the terms of this Contract. Whenever such questioning occurs, the Supplier shall be advised of its nature and requested to furnish the information required to permit the expeditious resolution of the issue. The Purchaser shall act in a reasonable manner in exercising this right.
22.2.8 No payment (final or otherwise) made under or in connection with this Contract shall be conclusive evidence of the performance of the Work, or of this Contract, in whole or in part, and no such payment shall be construed to constitute the acceptance of defective, faulty of improper Work or Equipment, nor shall it release the Supplier from any of its obligations under this Contract.
General Terms of Payment. (a) All sums payable to the Trinidad Guarantor hereunder shall be paid in accordance with the Trinidad Depositary Agreement.
(b) Whenever any payment hereunder shall be due, or any calculation shall be made, on a day which is not a Business Day, the date for payment or calculation, as the case may be, shall be extended to the next Business Day, and any interest on any payment shall be payable for such extended time at the rate set forth therefor.
(c) If no due date is specified for the payment of any amount payable by the Trinidad Obligor hereunder, such amount shall be due and payable not later than ten (10) days after receipt by the Trinidad Obligor of a written demand from the Trinidad Guarantor for payment thereof.
