Deferred Payment for Excess Quantity Sample Clauses

Deferred Payment for Excess Quantity. If Macquarie rejects an Excess Quantity of Permitted Feedstock or Renewable Product, then Macquarie shall purchase such Excess Quantity from the Company on deferred payment terms and, accordingly, the provisions of Article 9 below shall not apply and no Monthly True-Up Amount shall be calculated in respect of such Excess Quantity. Instead, on (i) the date on which such Excess Quantity is sold to the Company in accordance with the Weekly Renewable Product Projections, Macquarie shall pay to the Company an amount equal to the amount payable for the purchase of such Excess Quantity of Permitted Feedstock or Renewable Product by the Company, as determined in accordance with the terms of this Agreement; and (ii) the second Business Day following the date on which Excess Quantity of Renewable Product is sold to an offtaker in accordance with the terms of the relevant Tripartite Renewable Product Offtake Agreement (if any), Macquarie shall pay to the Company an amount equal to the amount payable for the purpose of such Excess Quantity by the relevant offtaker, as determined in accordance with the terms of the relevant Tripartite Renewable Product Offtake Agreement (if any). For the purposes of determining when any Excess Quantity is sold, such Excess Quantity shall be deemed to have been withdrawn from the Included Renewable Product Tanks first.