Common use of Local Payments Clause in Contracts

Local Payments. The Purchaser shall procure that each relevant Designated Purchaser set out in column 2 of the table in Part A of Schedule 26 shall, subject to the terms of the relevant Local Transfer Agreement (and, for the avoidance of doubt, in partial satisfaction of the Purchase Price) pay to the relevant Share Seller or Business Seller set out in column 3 the amount set out against its name in column 4 (each a “Local Payment Amount”) converted into the relevant currency set out in the relevant Local Transfer Document as at the Closing Date, on: 6.5.1 the date falling 7 days after the Closing Date; or 6.5.2 if this is not possible, the date falling 14 days after the Closing Date; or 6.5.3 if this is not possible, the date falling 21 days after the Closing Date, or 6.5.4 if this is not possible, the date falling 28 days after the Closing Date, or provided that, in any event, all such payments shall be made by no later than the date falling 28 days after the Closing Date.

Local Payments. The Purchaser shall procure that each relevant Designated Purchaser set out in column 2 of the table in Part A 1 of Schedule 26 28 shall, subject to the terms of the relevant Local Transfer Agreement Document (and, for the avoidance of doubt, in partial satisfaction of the Purchase Price) amounts payable under Clause 3.1.1), pay to the relevant Share Seller or Business Seller set out in column 3 the amount set out against its name in column 4 (each a “Local Payment Amount”) converted into the relevant currency set out in the relevant Local Transfer Document as at the Closing Date, on: 6.5.1 (i) the date falling 7 days after the Closing Date; or 6.5.2 (ii) if this is not possible, the date falling 14 days after the Closing Date; or 6.5.3 (iii) if this is not possible, the date falling 21 days after the Closing Date, or 6.5.4 (iv) if this is not possible, the date falling 28 days after the Closing Date, or provided that, in any event, all such payments shall be made by no later than the date falling 28 days after the Closing Date.