Currency and Method of Payment Clause Samples
The 'Currency and Method of Payment' clause defines the specific type of currency to be used and the acceptable methods for making payments under the agreement. It typically outlines whether payments should be made in local or foreign currency and may specify acceptable payment methods such as wire transfer, check, or electronic funds transfer. By clearly establishing these terms, the clause helps prevent disputes over payment logistics and ensures both parties have a mutual understanding of how and in what form payments will be made.
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Currency and Method of Payment. All dollar amounts stated in this Agreement are stated in United States currency, and all payments required under this Agreement shall be paid in United States currency. All payments required under this Agreement shall be made by wire transfer of immediately available United States federal funds.
Currency and Method of Payment. (1) Payment of any benefit in accordance with this Convention may be made in the currency of the Party whose competent authority makes the payment and any such payment shall constitute a full discharge of the obligation in respect of which payment has been made.
(2) Where the competent authority of one Party has made a payment of benefit on behalf of the competent authority of the other Party in accordance with paragraph (5) of Article 31, any reimbursement of the amounts paid by the competent authority of the former Party shall be in the currency of the latter Party.
(3) Where a person in the territory of one Party is receiving benefit under the legislation of the other Party, it shall be payable by whatever method the competent authority of the latter Party deems appropriate.
Currency and Method of Payment. Notwithstanding anything contained in this PPA, all payments to be made by either Seller or Buyers under this PPA shall be made in Dollars in immediately available cleared funds by automated clearing house (ACH) or wire transfer into the relevant account specified in this PPA or, if no account is specified, into the account designated by the receiving Party by written notice consistent with Article 13 below.
Currency and Method of Payment. All monetary amounts specified in this Agreement are in reference to lawful currency of Canada. Any monies payable hereunder will be paid in cash or by bank draft, certified cheque or solicitor's trust cheque.
Currency and Method of Payment. All dollar amounts stated in this Agreement are stated in United States currency, and all payments required under this Agreement shall be paid in United States currency. All payments required under this Agreement shall be made as follows: (a) any payment may be made by wire transfer of immediately available United States federal funds; (b) any payment exceeding $100,000 shall be made by wire transfer of immediately available United States federal funds; (c) any payment exceeding $10,000, but not exceeding $100,000, may be made by bank certified, treasurer's or cashier's check; and (d) any payment not exceeding $10,000 may be made by ordinary check.
Currency and Method of Payment. Royalties on Royalty Net Sales and all other amounts payable by Roche under this Agreement shall be paid by Roche in Dollars (the “Payment Currency”) to account(s) designated by Prothena.
Currency and Method of Payment. Royalties on Net Sales and all other amounts payable by Provention hereunder shall be paid by Provention in U.S. Dollars in immediately available funds to account(s) designated in writing by MacroGenics.
Currency and Method of Payment. (1) Payment of any benefit in accordance with this Convention may be made in the currency of the Party whose competent authority or competent institution makes the payment and any such payment shall constitute a full discharge of the obligation in respect of which payment has been made.
(2) Where the competent authority or the competent institution of one Party has made a payment of benefit on behalf of the competent authority or the competent institution of the other Party in accordance with Article 28 (5), any reimbursement of the amounts paid by the competent authority or the competent institution of the former Party shall be in the currency of the latter Party.
(3) Where a person in the territory of one Party is receiving benefit under the legislation of the other Party, it shall be payable by whatever method the competent authority or the competent institution of the latter Party deems appropriate.
Currency and Method of Payment. □ As an alternative to Provision 11.1 of the Agreement, the Home DGS and the Host DGS agree to take the […….] as the Payout Currency .
Currency and Method of Payment. All payments due or payable hereunder shall be made in US Dollars, delivered by wire transfer to such account as LGLS may identify from time to time on notice to GS. Royalty payments due hereunder with respect to sales not denominated in US Dollars shall be converted using the applicable conversion rates quoted in the Wall Street Journal for buying US Dollars in accordance with U.S. generally accepted accounting principles, consistently applied. GS shall pay interest to LGLS on the amount of any payments that are not paid on or before the date such payments are due under this Agreement at a rate of LIBOR plus ***** percent for the applicable period, calculated on the number of days such payment is delinquent.