Common use of Payment Documents Clause in Contracts

Payment Documents. As a precondition to Gold’s obligation to make the Delivery Payment for a given shipment of Ethanol, Gold shall have received from Producer all meter certificates, bills of lading and certificates of analysis (each in proper form) for such shipment (collectively, the “Payment Documents”). Notwithstanding anything in this Agreement to the contrary, if Gold has not received all Payment Documents for a given Ethanol shipment by the applicable payment date for such shipment, the Delivery Payment for such shipment shall instead be made on the second Business Day following the receipt of all Payment Documents for such shipment.

Payment Documents. As a precondition to GoldXxxx’s obligation to make the Delivery Payment for a given shipment of Ethanol, Gold shall have received from Producer all meter certificates, bills of lading and certificates of analysis (each in proper form) for such shipment (collectively, the “Payment Documents”). Notwithstanding anything in this Agreement to the contrary, if Gold has not received all Payment Documents for a given Ethanol shipment by the applicable payment date for such shipment, the Delivery Payment for such shipment shall instead be made on the second Business Day following the receipt of all Payment Documents for such shipment.