Common use of Time and Manner of Payment Clause in Contracts

Time and Manner of Payment. The Indemnifying Party shall pay to the Indemnified Party the amount of the Indemnified Liability and any expenses or other costs indemnified against (less any amount paid directly by the Indemnifying Party to the taxing authority) no less than (7) business days prior to the date payment of the Indemnified Liability is to be made by any party to the taxing authority. Such payment shall be paid by wire transfer of immediately available funds to an account designated by the Indemnified Party by written notice to the Indemnifying Party prior to the due date of such payment. If the Indemnifying Party delays making payment beyond the due date hereunder, such party shall pay interest on the amount unpaid at the IRS Penalty Rate for each day and the actual number of days for which any amount due hereunder is unpaid.

Time and Manner of Payment. The An Indemnifying Party shall pay to the Indemnified Party the amount of the Indemnified Liability and any expenses or other costs indemnified against (less any amount paid directly by the an Indemnifying Party to the taxing authorityTaxing Authority) no less than seven (7) business days prior to the date payment of the Indemnified Liability is to be made by any party to the taxing authorityTaxing Authority. Such payment shall be paid by wire transfer of immediately available funds to an account designated by the Indemnified Party by written notice given to the Indemnifying Party at least three (3) days prior to the due date of such payment. If the an Indemnifying Party delays making payment beyond the due date hereunder, such party shall pay interest on the amount unpaid at the IRS Penalty Interest Rate for each day and the actual number of days for which any amount due hereunder is unpaid.

Time and Manner of Payment. The An Indemnifying Party shall pay to the Indemnified Party the amount of the Indemnified Liability and any expenses or other costs indemnified against (less any amount paid directly by the an Indemnifying Party to the taxing authorityTaxing Authority) no less than seven (7) business days prior to the date payment of the Indemnified Liability is to be made by any party to the taxing authorityTaxing Authority. Such payment shall be paid by wire transfer of immediately available funds to an account designated by the Indemnified Party by written notice to the an Indemnifying Party prior to the due date of such payment. If the an Indemnifying Party delays making payment beyond the due date hereunder, such party shall pay interest on the amount unpaid at the IRS Penalty Interest Rate for each day and the actual number of days for which any amount due hereunder is unpaid.

Time and Manner of Payment. The Indemnifying Party shall pay to the Indemnified Party the amount of the Indemnified Liability and any expenses or other costs indemnified against (less any amount paid directly by the Indemnifying Party to the taxing authority) no not less than (7) business days prior to the date payment of the Indemnified Liability is to be made by any party to the taxing authority. Such payment shall be paid by wire transfer of immediately available funds to an account designated by the Indemnified Party by written notice to the Indemnifying Party prior to the due date of such payment. If the Indemnifying Party delays making payment beyond the due date hereunder, such party shall pay interest on the amount unpaid at the IRS Penalty Rate for each day and the actual number of days for which any amount due hereunder is unpaid.

Time and Manner of Payment. The An Indemnifying Party shall pay to the Indemnified Party the amount of the Indemnified Liability and any expenses or other costs indemnified against (less any amount paid directly by the an Indemnifying Party to the taxing authority) no less than seven (7) business days prior to the date payment of the Indemnified Liability is to be made by any party to the taxing authorityauthority (or, if applicable, to one or more IREX shareholders). Such payment shall be paid by wire transfer of immediately available funds to an account designated by the Indemnified Party by written notice to the an Indemnifying Party prior to the due date of such payment. If the an Indemnifying Party delays making payment beyond the due date hereunder, such party shall pay interest on the amount unpaid at the IRS Penalty Interest Rate for each day and the actual number of days for which any amount due hereunder is unpaid.