- PAYMENT OR DELIVERY Sample Clauses
- PAYMENT OR DELIVERY. 8.1. - The Parties hereby undertake to make the payments and/or deliveries specified in the Confirmation of each Derivatives Transaction and detailed in the Settlement Forms, and, further, agree that:
(a) in the event that, on the Expiration Date, Early Termination Date, Termination Date or on any other date on which amounts become due for payment as regards the Derivatives Transactions the amount to be paid by one party is higher than the amount to be paid by the other party, the parties’ obligations shall be automatically netted, and the debtor shall settle the payment of the remaining balance, in due compliance with the provisions of Clause 9.1; and
(b) in the event that the Confirmation and the respective Settlement Form establish that the payments will be paid in kind (that is, in a form other than in cash), the provisions above, whenever applicable, will be complied with, and delivery will occur at the place stated in the Confirmation and in the Settlement Form.
- PAYMENT OR DELIVERY. Mastercard shall remit payment of Mastercard Support to the Merchant, in a sole installment, within forty-five (45) days of the end of the Promotional Activities and receiving a validated request from Merchant for the payment of such Support or deliver the in- kind support in the dates set forth in Exhibit B. Mastercard may condition any payment, waiver, rebate, or other provision of Support on Merchant providing such other material and backup as Mastercard may request. Respect to all payments made between the parties each party is responsible for complying in a timely and accurate manner with all applicable tax regulations in a Territory and neither party can commute or transfer any tax