Common use of Payment Procedures and Conditions Clause in Contracts

Payment Procedures and Conditions. 4.2.1 Payment shall be made in immediately available funds in the quoted currency. In case of payment in any other free convertible currency, the exchange rate valid on the day of actual money transfer shall be applied for conversion. 4.2.2 Payment shall be made by the Buyer to the Seller within [***]. A320 / A330 PA – TAM – 11/2006 “[* * *]” This information is subject to confidential treatment and has been omitted and filed separately with the commission. 4.2.3 The Buyer shall make all payments hereunder to the Seller’s account with: [***] or as otherwise directed by the Seller. 4.2.4 All payments due to the Seller hereunder shall be made in full without set-off, counterclaim, deduction or withholding of any kind. Consequently, the Buyer shall procure that the sums received by the Seller under this Exhibit “H” shall be equal to the full amounts expressed to be due to the Seller hereunder, without deduction or withholding on account of and free from any and all taxes, levies, imposts, dues or charges of whatever nature except that if the Buyer is compelled by law to make any such deduction or withholding the Buyer shall pay such additional amounts as may be necessary in order that the net amount received by the Seller after such deduction or withholding shall equal the amounts which would have been received in the absence of such deduction or withholding. 4.2.5 If any payment due to the Seller is not received in accordance with the timescale provided in Clause 4.2.2, without prejudice to the Seller’s other rights under this Exhibit “H”, the Seller shall be entitled to interest for late payment calculated on the amount due [***].

Appears in 1 contract

Samples: Purchase Agreement (Latam Airlines Group S.A.)

AutoNDA by SimpleDocs

Payment Procedures and Conditions. 4.2.1 Payment shall be made in immediately available funds in the quoted currency. In case of payment in any other free convertible currency, the exchange rate valid on the day of actual money transfer shall be applied for conversion. 4.2.2 Payment shall be made by the Buyer to the Seller within [***]. A320 / A330 PA – TAM – 11/2006 “[* * *]” This information is subject to confidential treatment and has been omitted and filed separately with the commission.within 4.2.3 The Buyer shall make all payments hereunder to the Seller’s 's account with: [***] * or as otherwise directed by the Seller. 4.2.4 All payments due to the Seller hereunder shall be made in full without set-off, counterclaim, deduction or withholding of any kind. Consequently, the Buyer shall procure that the sums received by the Seller under this Exhibit "H" shall be equal to the full amounts expressed to be due to the Seller hereunder, without deduction or withholding on account of and free from any and all taxes, levies, imposts, dues or charges of whatever nature except that if the Buyer is compelled by law to make any such deduction or withholding the Buyer shall pay such additional amounts as may be necessary in order that the net amount received by the Seller after such deduction or withholding shall equal the amounts which would have been received in the absence of such deduction or withholding. 4.2.5 If any payment due to the Seller is not received in accordance with the timescale provided in Clause 4.2.2, without prejudice to the Seller’s 's other rights under this Exhibit "H", the Seller shall be entitled to interest for late payment calculated on the amount due [*** *].** This information is subject to confidential treatment and has been omitted and filed separately with the Commission. AI/CC-C No.337.0052/07 Exhibit H - 9/20

Appears in 1 contract

Samples: A319/A320 Purchase Agreement (China Southern Airlines Co LTD)

Payment Procedures and Conditions. 4.2.1 Payment shall be made in immediately available funds in the quoted currency. In case of payment in any other free convertible currency, the exchange rate valid on the day of actual money transfer shall be applied for conversion. 4.2.2 Payment shall be made by the Buyer to the Seller within [***]. A320 / A330 PA – TAM – 11/2006 “[* * *]” This information is subject to confidential treatment and has been omitted and filed separately with the commission. 4.2.3 The Buyer shall make all payments hereunder to the Seller’s 's account with: [***] * or as otherwise directed by the Seller. 4.2.4 All payments due to the Seller hereunder shall be made in full without set-off, counterclaim, deduction or withholding of any kind. Consequently, the Buyer shall procure that the sums received by the Seller under this Exhibit "H" shall be equal to the full amounts expressed to be due to the Seller hereunder, without deduction or withholding on account of and free from any and all taxes, levies, imposts, dues or charges of whatever nature except that if the Buyer is compelled by law to make any such deduction or withholding the Buyer shall pay such additional amounts as may be necessary in order that the net amount received by the Seller after such deduction or withholding shall equal the amounts which would have been received in the absence of such deduction or withholding. 4.2.5 If any payment due to the Seller is not received in accordance with the timescale provided in Clause 4.2.2, without prejudice to the Seller’s 's other rights under this Exhibit "H", the Seller shall be entitled to interest for late payment calculated on the amount due [*** *].** This information is subject to confidential treatment and has been omitted and filed separately with the Commission. AI/CC-C No.337.0052/07 Exhibit H - 9/20

Appears in 1 contract

Samples: A319/A320 Purchase Agreement (China Southern Airlines Co LTD)

AutoNDA by SimpleDocs

Payment Procedures and Conditions. 4.2.1 Payment shall be made in immediately available funds in the quoted currency. In case of payment in any other free convertible currency, the exchange rate valid on the day of actual money transfer shall be applied for conversion. 4.2.2 Payment shall be made by the Buyer to the Seller within [***]. A320 / A330 PA ] A350 XWB – TAM – 11/2006 12/2007 “[* * ***]” This information is subject to confidential treatment and has been omitted and filed separately with the commission. 4.2.3 The Buyer shall make all payments hereunder to the Seller’s account with: [***] or as otherwise directed by the Sellerseller. 4.2.4 All payments due to the Seller hereunder shall be made in full without set-off, counterclaim, deduction or withholding of any kind. Consequently, the Buyer shall procure that the sums received by the Seller under this Exhibit “H” shall be equal to the full amounts expressed to be due to the Seller hereunder, without deduction or withholding on account of and free from any and all taxes, levies, imposts, dues or charges of whatever nature except that if the Buyer is compelled by law to make any such deduction or withholding the Buyer shall pay such additional amounts as may be necessary in order that the net amount received by the Seller after such deduction or withholding shall equal the amounts which would have been received in the absence of such deduction or withholding. 4.2.5 If any payment due to the Seller is not received in accordance with the timescale provided in Clause 4.2.2, without prejudice to the Seller’s other rights under this Exhibit “H”, the Seller shall be entitled to interest for late payment calculated on the amount due [***].

Appears in 1 contract

Samples: Purchase Agreement (Latam Airlines Group S.A.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!