Beneficiary: Carnegie Mellon University Account Name: Cash Management Account Account Number: 1979003 ABA Number: 043000261 SWIFT Code: IRVTUS3N Bank Contact: Cash Management Customer Service (412) 234-3359 Jan Schade Any payment that is not made when due shall be considered Delinquent Payments; delinquent. Carnegie Mellon, in its sole discretion, may charge interest on any delinquent amounts at the lower of the rate of 1.5% per month or the maximum rate of interest allowable under applicable law. The amounts to be paid by Sponsor under this Agreement do not include any charges for applicable taxes, governmental charges, duties or similar additions or deductions of any kind (including without limitation any and all federal, state, local, governmental, republic or provincial sales, use, goods and services, excise and withholding taxes) other than any United States Federal or state income taxes assessed on the income of Carnegie Mellon (collectively, Sponsor agrees to pay any and all amounts required under this Agreement without “Taxes”). deduction of any such Taxes. In addition, the amounts to be paid by Sponsor under this Agreement do not include customs duties or any other importation or exportation fees and associated costs, if any. Sponsor agrees to pay any such costs within thirty (30) days after receipt of an invoice from Carnegie Mellon. In the event by operation of law or otherwise, such Taxes are required to be deducted from any amounts paid to Carnegie Mellon under this Agreement, the amounts due under this Agreement shall be increased to such amounts as may be necessary to yield Carnegie Mellon the amount it would otherwise have received had such payments been made without deduction for any such Taxes.
Beneficiary: Carnegie Mellon University Account Name: Cash Management Account Account Number: 1979003 ABA Number: 043000261 SWIFT Code: IRVTUS3N Bank Contact: Cash Management Customer Service (412) 234-3359 Jan Schade Delinquent Payments; Any payment that is not made when due shall be considered delinquent. Carnegie Mellon, in its sole discretion, may charge interest on any delinquent amounts at the lower of the rate of 1.5% per month or the maximum rate of interest allowable under applicable law. The amounts to be paid by Sponsor under this Agreement do not include any charges for applicable taxes, governmental charges, duties or similar additions or deductions of any kind (including without limitation any and all federal, state, local, governmental, republic or provincial sales, use, goods and services, excise and withholding taxes) other than any United States Federal or state income taxes assessed on the income of Carnegie Mellon (collectively, “Taxes”). Sponsor agrees to pay any and all amounts required under this Agreement without deduction of any such Taxes. In addition, the amounts to be paid by Sponsor under this Agreement do not include customs duties or any other importation or exportation fees and associated costs, if any. Sponsor agrees to pay any such costs within thirty (30) days after receipt of an invoice from Carnegie Mellon. In the event by operation of law or otherwise, such Taxes are required to be deducted from any amounts paid to Carnegie Mellon under this Agreement, the amounts due under this Agreement shall be increased to such amounts as may be necessary to yield Carnegie Mellon the amount it would otherwise have received had such payments been made without deduction for any such Taxes.
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