Common use of Payment Certificates Clause in Contracts

Payment Certificates. Each payment pursuant to subsections (a) or (b) above shall be made within 10 days after demand therefor, which demand shall be accompanied by a certificate of the Credit Party demanding such payment setting forth the calculations of the additional amounts payable pursuant thereto. Each such certificate shall be conclusive absent manifest error. No failure by any Credit Party to demand, and no delay in demanding, compensation for any increased cost shall constitute a waiver of its right to demand such compensation at any time, provided that such Credit Party shall notify the Borrower of any such increased cost within 90 days after the officer of such Lender having primary responsibility for this Agreement has obtained knowledge of such increased cost.