Common use of Payment in Immediately Available Funds; Interest Clause in Contracts

Payment in Immediately Available Funds; Interest. All payments made pursuant to this Agreement shall be made in immediately available funds. Except as otherwise provided in the Agreement, all payments shall be made within thirty (30) days of receipt of request therefor. Except as otherwise provided in the Agreement, any payment not made within thirty (30) days of receipt shall thereafter bear interest at the Overdue Rate.

Appears in 4 contracts

Samples: Tax Matters Agreement (SeaSpine Holdings Corp), Tax Matters Agreement (Demand Media Inc.), Tax Matters Agreement (Rightside Group, Ltd.)

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Payment in Immediately Available Funds; Interest. All payments made pursuant to this Agreement shall be made in immediately available funds. Except as otherwise provided in the Agreement, all payments Payments shall be made within thirty (30) days of receipt of request therefor, except for payments with respect to Estimated Tax Returns, which shall be made immediately upon request, and payments with respect to Tax refunds or other Tax Benefits, which shall be made thirty (30) days after receipt or realization. Except as otherwise provided in the Agreementherein, any payment not made within thirty (30) days of receipt shall thereafter bear interest at the Overdue Underpayment Rate.

Appears in 2 contracts

Samples: Tax Separation Agreement (Hyatt Hotels Corp), Tax Separation Agreement (Hyatt Hotels Corp)

Payment in Immediately Available Funds; Interest. All payments made pursuant to this Agreement shall be made in immediately available funds. Except as otherwise provided in the Agreement, all payments shall be made within thirty fifteen (3015) days of receipt of request therefor. For the avoidance of doubt, a party may request payment for any costs incurred pursuant to Section 2.12 as soon as such costs are incurred. Except as otherwise provided in the Agreement, any payment not made within thirty fifteen (3015) days of receipt shall thereafter bear interest at the Overdue Rate.

Appears in 2 contracts

Samples: Tax Matters Agreement (SilverSun Technologies Holdings, Inc), Tax Matters Agreement (SilverSun Technologies Holdings, Inc)

Payment in Immediately Available Funds; Interest. All payments made pursuant to this Agreement shall be made in immediately available funds. Except as otherwise provided in the Agreement, all payments shall be made within thirty fifteen (3015) days of receipt of request therefor. For the avoidance of doubt, a Party may request payment for any costs incurred pursuant to Section 2.12 as soon as such costs are incurred. Except as otherwise provided in the Agreement, any payment not made within thirty fifteen (3015) days of receipt shall thereafter bear interest at the Overdue Applicable Rate.

Appears in 1 contract

Samples: Investment Agreement (SilverSun Technologies, Inc.)

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Payment in Immediately Available Funds; Interest. All payments made pursuant to this Agreement shall be made in immediately available funds. Except as otherwise provided in the Agreement, all payments shall be made within thirty (30) days of receipt of request therefor. Except as otherwise provided in the Agreement, any payment not made within thirty (30) days of receipt shall thereafter bear interest at the Overdue Applicable Rate.

Appears in 1 contract

Samples: Tax Matters Agreement (SeaSpine Holdings Corp)

Payment in Immediately Available Funds; Interest. All payments made pursuant to this Agreement shall be made in immediately available funds. Except as otherwise provided in the Agreement, all payments shall be made within thirty fifteen (3015) days of receipt of request therefor. For the avoidance of doubt, a Party may request payment for any costs incurred pursuant to ‎Section 2.12 as soon as such costs are incurred. Except as otherwise provided in the Agreement, any payment not made within thirty fifteen (3015) days of receipt shall thereafter bear interest at the Overdue Applicable Rate.

Appears in 1 contract

Samples: Tax Matters Agreement (SilverSun Technologies Holdings, Inc./Nv)

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