Common use of Extension of Payment Deadlines Clause in Contracts

Extension of Payment Deadlines. Notwithstanding the deadlines of remitting payment provided in subclause 3.4(a), and with respect to Eligible Agricultural Products, that are not Livestock, where the Producer enters into a basis contract(s) on the Agriculture Products, the requirement to pay the Administrator within sixty (60) calendar days of delivery to the buyer shall be extended to ninety (90) calendar days where: (i) the Producer will not receive payment at the time of delivery; (2) the Producer provides a copy of the basis contract(s) to the Administrator; and (3) and the Producer provides proof of sale with the repayment.

Extension of Payment Deadlines. Notwithstanding the deadlines of remitting payment provided in subclause clause 3.4(a), and with respect to Eligible Agricultural Products, that are not Livestock, where the Producer enters into a basis contract(s) on the Agriculture Products, the requirement to pay the Administrator within sixty (60) calendar days of delivery to the buyer shall be extended to ninety (90) calendar days where: (i) the Producer will not receive payment at the time of delivery; (2) the Producer provides a copy of the basis contract(s) to the Administrator; and (3) and the Producer provides proof of sale with the repayment.