Common use of PAYEE DESIGNATION Clause in Contracts

PAYEE DESIGNATION. All payments made pursuant to Article 3 of this Agreement to be made to Institutions by Acorda (and/or its Affiliates) under this Agreement shall be paid by telegraphic transfer to the account of Cambridge University Technical Services Ltd at Barclays Bank of Bene’t Street, Business Centre, XX Xxx Xx 0, Xxxxxxxxx XX0 0XX, sort code 20-17-19 account number 00000000. The Parties agree that payments made by Acorda and/or its Affiliates and received by CUTS shall satisfy Acorda’s payment obligations to the Institutions hereunder.