Due Dates; Payment Dates Sample Clauses

Due Dates; Payment Dates. Payments for Feedstock shall be deemed due from Producer on the day of delivery from Dedicated Storage into production at Producer's plant. Payments for Biodiesel shall be deemed due from Gavilon on the day of final production and delivery into Dedicated Storage. The above notwithstanding, Gavilon shall pay the Minimum Amount *** of each month. Any amounts owed by the Parties for Feedstock and Biodiesel deliveries or otherwise pursuant to the Supply Agreements shall be due and payable on (i) the fifteenth (15th) day of the month of delivery (for deliveries occurring days one (1) through thirteen (13) of such month), or (ii) the second (2nd) day of the month following the month of delivery (for deliveries occurring during days fourteen (14) through the last day of the month) (each, a “Payment Date”). If any Payment Date falls on a Holiday, payment shall be made on the following banking day. The “Minimum Amount” shall equal *** Dollars ($***). Any amounts owed by Gavilon under Section 3.6 of the Feedstock Agreement, as the result of a monthly shortfall in the submittal of Confirmed Orders, shall be paid (pursuant to Section 1.2) on the first Payment Date that occurs in the following month. Similarly, any overpayments made by Gavilon as a result of the Minimum Amount exceeding the net amounts otherwise owed by Gavilon under the Supply Agreements shall be refunded by Producer (pursuant to Section 1.2) on the first Payment Date that occurs in the following month.
Sample 1
AutoNDA by SimpleDocs
Due Dates; Payment Dates. Payments for Feedstock shall be deemed due from Producer on the fifteenth (15th) day after delivery to Producer's plant. Payments for Biodiesel shall be deemed due from Gavilon on the day of delivery into Gavilon's transport vessel. Any amounts owed by the Parties pursuant to the Supply Agreements and which are deemed due during each week (Monday through Sunday) shall be payable on the following Wednesday (each a “Payment Date”). If any Payment Date falls on a Holiday, payment shall be made on the preceding banking day.”
Sample 1

Related to Due Dates; Payment Dates

  • Payment Dates Interest accrued on each Loan shall be payable, without duplication:

  • Repayment Dates The first Instalment shall be repaid on the date falling three months after the Drawdown Date, each subsequent Instalment shall be repaid at three-monthly intervals thereafter and the last Instalment, shall be repaid together with the Balloon Instalment, on the Final Repayment Date.

  • Payment Due Dates Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or facility fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following calendar month, such payment shall be made on the immediately preceding Business Day.

  • Principal Payment Dates Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows:

  • Interest Rates and Payment Dates (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin.

  • Due Dates Accrued interest on Base Rate Loans shall be payable on each Quarterly Date, and accrued interest on each LIBOR Loan shall be payable on the last day of the Interest Period therefor and, if such Interest Period is longer than three months, at three-month intervals following the first day of such Interest Period, except that interest payable at the Post-Default Rate shall be payable from time to time on demand and interest on any LIBOR Loan that is converted into a Base Rate Loan pursuant to Section 5.04 shall be payable on the date of conversion (but only to the extent so converted). All accrued and unpaid interest on the Loans shall be paid on the Termination Date.

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Final Repayment Date On the final Repayment Date, the Borrowers shall additionally pay to the Agent for the account of the Creditor Parties all other sums then accrued or owing under any Finance Document.

  • Interest Payment Dates; Interest and Fee Basis Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, on any date on which the Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that interest calculated based on the Prime Rate shall be calculated for actual days elapsed on the basis of a 365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Time is Money Join Law Insider Premium to draft better contracts faster.