Common use of Payment Mechanism Clause in Contracts

Payment Mechanism. All payments under this Agreement shall be made in United States Dollars, unless otherwise agreed, and within ten (10) days after the end of the month in which the obligation to make the payment is incurred to a bank specified by the Party to whom the payment is due.

Appears in 12 contracts

Sources: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

Payment Mechanism. All payments under this Agreement shall Contract shall, unless otherwise prescribed, be made in United States Dollars, unless . Unless otherwise prescribed or agreed, and all payments shall be made within ten (10) days Days after the end of the month in which the obligation to make the payment is incurred to a bank specified by the Party to whom the payment is due.

Appears in 4 contracts

Sources: Production Sharing Contract, Production Sharing Contract, Offshore Production Sharing Contract

Payment Mechanism. All payments under this Agreement shall Contract shall, unless otherwise prescribed, be made in United States Dollars, unless . Unless otherwise prescribed or agreed, and all payments shall be made within ten (10) days Days after the end of the month in which the obligation to make the payment is incurred to a bank specified by the Party party to whom the payment is due.

Appears in 1 contract

Sources: Production Sharing Contract