Payment by Due Date. By no later than the Due Date for each Supply Period, the Member shall pay the accumulated Member’s Obligations relating to the Livestock Supply Forms, Promissory Notes, Equity Loans and Equity Loan Promissory Notes for that Supply Period. The Member may do so by purchasing all Livestock supplied during the Supply Period, and/or by selling these Livestock on behalf of the Association in accordance with clauses 4.1, 4.2 and/or 4.4 of this Agreement. The Member shall remain liable for the Member’s Obligations not paid as a result of these purchases and/or sales. The following illustration is one example of the operation of these provisions: Supply Period #1 First Supply Form Second Supply Form Third Supply Form Due Date Supply Period #2 First Supply Form Second Supply Form Equity Loan Due Date
Appears in 4 contracts
Samples: Feeder Association Member Agreement, Feeder Association Member Agreement, Feeder Association Member Agreement
