Common use of Mode of Payment; Foreign Exchange Clause in Contracts

Mode of Payment; Foreign Exchange. All payments to SBL due under the MSA or any applicable PSA shall be made in US$ within [***] days from the receipt of SBL’s invoice in US$ by means of telegraphic transfer to the account with the bank designated by SBL in the applicable invoice without any deduction, deferment, set-off or lien. For the purpose of computing payment amounts incurred by SBL in a currency other than US$, such currency shall be converted into US$ using the Standard Rate published by the Bank of Korea at the opening of business on such invoice date.

Mode of Payment; Foreign Exchange. All payments to SBL due under the MSA or any applicable PSA shall be made in US$ USD $ within [***] days from the receipt of SBL’s invoice in US$ USD $ by means of telegraphic transfer to the account with the bank designated by SBL in the applicable invoice without any deduction, deferment, set-off or lienforegoing invoice. For the purpose of computing payment amounts incurred by SBL in a currency other than US$USD $, such currency shall be converted into US$ USD $ using the Standard Rate basic exchange rate published by the Korean Exchange Bank of Korea (or its successor institution) at the opening of business on such invoice date.

Mode of Payment; Foreign Exchange. All payments to SBL due under the MSA MDSA or any applicable PSA shall be made in US$ within [***] days from the receipt of SBL’s invoice in US$ by means of telegraphic transfer to the account with the bank designated by SBL in the applicable invoice without any deduction, deferment, set-off or lien. For the purpose of computing payment amounts incurred by SBL in a currency other than US$, such currency shall be converted into US$ using the Bank of Korea Standard Rate published by the Bank of Korea at the opening of business on such invoice date.

Mode of Payment; Foreign Exchange. All undisputed payments to SBL due under the this MSA or any applicable PSA shall be made in US$ within [***] days from the receipt of SBL’s invoice in US$ by means of telegraphic transfer to the account with the bank designated by SBL in the applicable invoice without any deduction, deferment, set-off or lien. For the purpose of computing payment amounts owed by Client based on amounts incurred by SBL in a currency other than US$, such currency shall be converted into US$ using the Standard Rate published by the Bank of Korea at the opening of business on such invoice date.