Common use of Direct Fixed Price Purchase Orders Clause in Contracts

Direct Fixed Price Purchase Orders. Gold may place a Purchase Order with Producer for a fixed quantity of Ethanol to be sold for a fixed price-per-gallon to an end customer of Gold (each a “Direct Fixed Price Purchase Order”). Delivery Payments for Direct Fixed Price Purchase Orders will be paid by check of Gold or by wire transfer (according to Producer’s preference) on or before the earliest to occur of the date that is two Business Days after Gold receives payment for the relevant Ethanol from Gold’s customer and the first Business Day that is at least 20 days after the date on which the relevant Ethanol was loaded at the Plant (as evidenced by the date on which all Payment Documents for such shipment have been delivered).