Common use of Currency and Payment Clause in Contracts

Currency and Payment. All amounts due by SmithKline ▇▇▇▇▇▇▇ to Quest Diagnostics under any provision of this Agreement shall be payable in United States currency by electronic funds transfer (SWIFT) to an account designated by Quest Diagnostics. Any obligation to pay shall only be deemed fulfilled on the day on which the relevant amount of money is credited to the aforesaid account. The fees specified in this Article VIII shall be denominated in U.S. dollars. Quest Diagnostics shall be responsible on its own account for its own corporate income taxes. In the event of a breach by Quest Diagnostics that continues for thirty (30) days after SmithKline ▇▇▇▇▇▇▇ gives Quest Diagnostics written notice setting forth the nature of such breach, SmithKline ▇▇▇▇▇▇▇ may suspend payment of any amount due under Section 8.01 until Quest Diagnostics cures such breach.