Common use of Payment and Taxes Clause in Contracts

Payment and Taxes. 3.1 Repayments shall be due and payable on the Payment Date as specified by IBM. The Payment Period for a Loan shall begin on the first day of the month following the Commencement Date. Customer will remit each Payment payable hereunder to the bank account specified in the payment advice sent by IBM to Customer. If any Payment is due on a non-Business Day, then such Payment shall become due and payable on the next Business Day.

Payment and Taxes. 3.1 Repayments shall be due and payable on the Payment Date as specified by IBM. The Payment Period for a Loan shall begin on the first day of the month following the Commencement Date. Customer will remit each Payment payable hereunder to the bank account specified in the payment advice reminder sent by IBM to Customer. If any Payment is due on a non-Business Day, then such Payment shall become due and payable on the next Business Day.