Common use of Payment Date Clause in Contracts

Payment Date. Buyer shall pay Seller for the SRECs on or before five (5) Business Days after the Trade Date (“Payment Date”). Buyer shall pay the Payment Amount stated above, which is the sum of the Contract Price multiplied by the Contract Quantity over all Vintages, on or before the Payment Date, by electronic funds transfer to the following account: Bank Name: ABA: Account: Account Name: Reference Text: Solar REC – Invoice #

Payment Date. Buyer shall pay Seller for the SRECs on or before five (5) Business Days after the Trade Date (“Payment Date”). Buyer shall pay the Payment Amount stated above, which is the sum of the Contract Price multiplied by the Contract Quantity over all Vintagesfor each Vintage, less any amounts already paid, on or before the Payment Date, by electronic funds transfer to the following account: Bank Name: ABA: Account: Account Name: Reference Text: Solar REC – Invoice #_______ Delivery Date: Seller shall deliver the SRECs no later than three (3) Business Days after the Payment Date.