Currency, Time and Payment Place. The Buyer shall perform all the payments agreed herein in this Agreement in Mexican Currency, without any discount or deduction, through an electronic transference of a deposit of a referenced check or in cash in the account and bank appointed opportunely by the Seller. Every payment in regards to the Product sales, delivered and invoiced shall be done no more than 45 (forty five) days later after the date of issuance of the correspondent invoice, without the need to submit a written payment requirement by the Seller in which it is specified the subject of the debt, the amount and/or the nature of such obligation. All the other payments shall be done within the 7 (seven) days following to the submission of the written payment requirement by the Seller in which it is specified the subject of the debt, the amount and/or the nature of such obligation. Any payment in regards to this Agreement that shall be paid on a day in which the banks are not open, then it shall be performed as follows: If the payment date is a Saturday or a Holiday different form Monday, it will be valid the prior day. If the payment date is that correspondent to those of the ▇▇▇▇▇ week Thursday or Friday, the payment day will be the prior Wednesday, if it is Saturday or Sunday of said ▇▇▇▇▇ Week, the payment date will be on Monday.
Appears in 3 contracts
Sources: Fourth Modifying Agreement to the Purchase and Sale Agreement of Anhydrous Ammonia (Innophos Investment Holdings, Inc.), Purchase and Sale Agreement (Innophos, Inc.), Fourth Modifying Agreement to the Purchase and Sale Agreement of Anhydrous Ammonia (Innophos Mexico Holdings, LLC)