Common use of Payment Mechanics Clause in Contracts

Payment Mechanics. (a) Subject to Section 10.7, all payments under this Agreement shall be made by Air Products directly to Versum and by Versum directly to Air Products; provided, however, that if the Parties mutually agree with respect to any such indemnification payment, any member of the Air Products Group, on the one hand, may make such indemnification payment to any member of the Versum Group, on the other hand, and vice versa. All indemnification payments shall be treated in the manner described in Section 5.4. (b) In the case of any payment of Taxes made by a Preparing Party or Indemnitee pursuant to this Agreement for which such Preparing Party or Indemnitee, as the case may be, has received a payment from the other Party, such Preparing Party or Indemnitee shall provide to the other Party a copy of any official government receipt received with respect to the payment of such Taxes to the applicable Taxing Authority (or, if no such official governmental receipts are available, executed bank payment forms or other reasonable evidence of payment).

Payment Mechanics. (a) Subject to Section 10.7, all All payments under this Agreement shall be made by Air Products Xxxxxxxxx directly to Versum WKKC and by Versum WKKC directly to Air ProductsXxxxxxxxx; provided, however, that if the Parties mutually agree with respect to any such indemnification payment, any member of the Air Products Kellanova Group, on the one hand, may make such indemnification payment to any member of the Versum WKKC Group, on the other hand, and vice versa. All indemnification payments shall be treated in the manner described in Section 5.4. (b) In the case of any payment of Taxes made by a Preparing Responsible Party or Indemnitee pursuant to this Agreement for which such Preparing Responsible Party or Indemnitee, as the case may be, has received a payment from the other Party, such Preparing Responsible Party or Indemnitee shall provide to the other Party a copy of any official government receipt received with respect to the payment of such Taxes to the applicable Taxing Authority (or, if no such official governmental receipts are available, executed bank payment forms or other reasonable evidence of payment).

Payment Mechanics. (a) Subject to Section 10.7, all All payments under this Agreement shall be made by Air Products Labcorp directly to Versum Fortrea and by Versum Fortrea directly to Air ProductsLabcorp; provided, however, that that, if the Parties mutually agree with respect to any such indemnification payment, any member of the Air Products Labcorp Group, on the one hand, may make such indemnification payment to any member of the Versum Fortrea Group, on the other hand, and vice versa. All indemnification payments shall be treated for U.S. federal, state and local income tax purposes in the manner described in Section 5.45.04. (b) In the case of any payment of Taxes made by a Preparing Responsible Party or Indemnitee pursuant to this Agreement for which such Preparing Responsible Party or Indemnitee, as the case may be, has received a payment from the other Party, such Preparing Responsible Party or Indemnitee shall provide to the other Party a copy of any official government receipt received with respect to the payment of such Taxes to the applicable Taxing Authority (or, if no such official governmental receipts are available, executed bank payment forms or other reasonable evidence of payment).