Common use of Payment Due Date Clause in Contracts

Payment Due Date. The payment due date and required documentation for payment shall be as established in the relevant Confirmation. Notwithstanding the foregoing, if transfer of Product is made by book, stock or inventory transfer, payment shall be due on the effective date of such transfer. All payments shall be made in la w f u l U.S. Dollars, free and clear (unless otherwise expressly permitted pursuant to this Agreement) of any withholding, liens, claims, charges, right of setoff or recoupment by wire transfer of immediately available funds to Seller at such account as Seller may designate in writing. If Seller’s invoice is received by Buyer prior to 10:00 am Pacific Prevailing Time/12:00 pm Central Prevailing Time /1:00 pm Eastern Prevailing Time, such invoice shall be deemed to have been received by Buyer on the New York Banking Day of receipt, but if Seller’s invoice is received by Buyer after 10:00 am Pacific Prevailing Time/12:00 pm Central Prevailing Time /1:00 pm Eastern Prevailing Time, such invoice shall be deemed to have been received by Buyer on the following New York Banking Day.

Payment Due Date. The payment due date and required documentation for payment shall be as established in the relevant Confirmation. Notwithstanding the foregoing, if transfer of Product is made by book, stock or inventory transfer, payment shall be due on the effective date of such transfer. All payments shall be made in la l a w f u l U.S. Dollars, free and clear (unless otherwise expressly permitted pursuant to this Agreement) of any withholding, liens, claims, charges, right of setoff or recoupment by wire transfer of immediately available funds to Seller at such account as Seller may designate in writing. If Seller’s invoice is received by Buyer prior to 10:00 am Pacific Prevailing Time/12:00 pm Central Prevailing Time /1:00 pm Eastern Prevailing Time, such invoice shall be deemed to have been received by Buyer on the New York Banking Day of receipt, but if Seller’s invoice is received by Buyer after 10:00 am Pacific Prevailing Time/12:00 pm Central Prevailing Time /1:00 pm Eastern Prevailing Time, such invoice shall be deemed to have been received by Buyer on the following New York Banking Day.