Payment Procedures for Coal Shipments. For all coal delivered pursuant to Section 5 hereof, and unloaded at the Buyer’s generating station(s) between the first (1st) through the fifteenth (15th) days of any calendar month, Buyer shall make preliminary payment for one-hundred percent (100%) of the amount owed for the coal (based on the assumption that the coal will meet all guaranteed monthly quality parameters) by the twenty-fifth (25th) day of such month of delivery and unloading, except that, if the twenty-fifth (25th) is not a regular work day, payment shall be made on the next regular work day. All preliminary payments shall be calculated based upon the then-current price on a dollar per ton basis as calculated on the guaranteed monthly weighted average BTU/lb and the then-current Base Price in dollars per ton. For all coal delivered, as defined in Section 5 hereof, and unloaded at the Buyer’s generating station(s) between the sixteenth (16th) and through the last day of any calendar month, Buyer shall make a payment for one-hundred percent (100%) of the amount owed for the coal by the fifteenth (15th) day of the month following the month of unloading, except that, if the fifteenth (15th) is not a regular work day, payment shall be made on the next regular work day. Also by the fifteenth (15th) day of the month following the month of unloading, with respect to all coal unloaded at Buyer’s generating station(s) during the month of unloading, a reconciliation of amounts paid and amounts owed during said month shall be made, including, making any adjustments for any applicable discounts or other adjustments provided herein, except that, with respect to all amounts due or owing on the fifteenth (15th) of the month following the month of unloading, if the fifteenth (15th) is not a regular work day, payment shall be made on the next regular work day. For example, Buyer will make a preliminary payment by September 25 for coal unloaded from September 1 through 15. By September 15, a payment for coal unloaded from August 16 through August 31 will be made which will be adjusted to include a reconciliation with respect to all coal unloaded in August. The reconciliation shall be made as follows: Seller shall invoice Buyer on or before the tenth (10th) day of the month following the month of unloading at Buyer’s generating station(s) during the previous month. The amount due for all coal (based on the Base Price minus any Quality Price Discounts) unloaded and accepted by Buyer during any calendar month ...
Payment Procedures for Coal Shipments. For all coal unloaded at Buyer’s generating station(s) between the first (1st) and fifteenth (15th) days of any Delivery Month, Buyer shall make a “Preliminary Payment” of one-hundred percent (100%) of the Base Price for such coal (based on the assumption that the coal will meet all GMWA parameters) by the twenty-fifth (25th) day of such Delivery Month. All Preliminary Payments shall be calculated based solely on the then-current Base Price on a dollar-per-ton basis. By the fifteenth (15th) day of the Payment Month, Buyer will pay for all coal unloaded at the Buyer’s generating station(s) between the sixteenth (16th) and the last day of any Delivery Month plus any quality adjustments for the Delivery Month as provided in §8.2 above. For example, Buyer will make a Preliminary Payment by August 25 for coal unloaded between August 1 through August 15. On or before the fifth (5th) working day of September, Buyer will provide Seller with the Buyer’s Statement. On or before the tenth (10th) day of September, the Seller shall provide Buyer the Monthly Invoice for all coal unloaded by Buyer in August. The Monthly Invoice for August unloadings, to the extent it is verified by Buyer, will be paid by the fifteenth (15th) day of September. In every case referenced in this section for payment, if a specific day is not a banking day and regular work day for Buyer, payment shall be made on the next regular work day for Buyer. The parties acknowledge that Buyer’s performance of its obligations in this Section 9 may be performed by one or more agents, including without limitation LG&E and KU Services Company. Buyer shall electronically transfer funds to Seller’s Account: Xxxxxxxxx Energy, Inc. Bank: US Bank, N.A. ABA # 152306681361 Account # 000-000-000
Payment Procedures for Coal Shipments. Payment for coal unloaded in a calendar month shall be mailed by the 25th of the month following the month of unloading or within ten days after receipt of Seller's invoice, whichever is later. Buyer shall mail all payments to Seller's account at Lafayette Coal Company, X.X. Xxx 00000, Xxxxxxx, Xxxxxxxx 00000.
Payment Procedures for Coal Shipments. Payment for coal unloaded shall be mailed within 15 days after receipt of invoice in form and detail satisfactory to Buyer. Buyer shall mail all payments to Seller's account as directed by Seller.
Payment Procedures for Coal Shipments. Payment for coal unloaded in a calendar month shall be mailed or wired by the 25th of the month following the month of unloading, except that, if the 25th is a weekend or a holiday observed by the Buyer, payment shall be made on the next business day or within ten days after receipt of Seller's invoice, whichever is later. Buyer shall electronically transfer all payments to Seller's account at: Arch Coal, Inc. PNC Bank - Pittsburgh, PA ABA Number: 000000000 Account Number: 0000000000
Payment Procedures for Coal Shipments. Payment for coal unloaded in a calendar month shall be mailed by the 25th of the month following the month of unloading or within ten days after receipt of Seller's invoice, whichever is later. Buyer shall mail all payments to Seller's account at Peabody COALSALES Company, X.X. Xxx 000000, Xx. Xxxxx, XX 00000-0000. To make wire transfers contact Xxxxxxx'x Bank, Account ABA 000000000, wire transfer account 100101223441.
Payment Procedures for Coal Shipments. Payment for coal unloaded in a calendar month shall be mailed by the 25th of the month following the month of unloading or within ten days after receipt of Seller's invoice, whichever is later. Buyer shall mail all CONTRACT #00-000-000 payments to Seller's account at X.X. Xxx 000, 000 Xxxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxx 00000, Attn: Xxxxxx Xxxxxxxx.
Payment Procedures for Coal Shipments. By the 25th of the month following the month of unloading or within ten days after receipt of Seller's invoice, whichever is later, Buyer shall pay for coal unloaded in a calendar month either by mailing payment to Seller's CONTRACT #00-000-000 account at Andalex Resources, Inc., Dept. 97292, Xxxxxxxxxx, Xxxxxxxx 00000, or by transferring the payment by wire to Seller's account.
Payment Procedures for Coal Shipments. For all coal unloaded at the Buyer’s generating station(s) between the first (1st) and fifteenth (15th) days of any calendar month. Buyer shall make a preliminary payment of seventy-five percent (75%) of the amount owed for the coal (based on the assumption that the coal will meet all guaranteed monthly quality parameters) by the twenty-fifth (25th) day of such month of unloading, except that, if the twenty-fifth (25th) is not a regular work day, payment shall be made on the next regular work day. For all coal unloaded at the Buyer’s generating station(s) between the sixteenth (16th) and the last day of any calendar month, Buyer shall make a preliminary payment of seventy-five percent (75%) of the amount owed for the coal (based on the assumption that the coal will meet all of the guaranteed monthly quality parameters) by the tenth (10th) day of the month following the month of unloading, except that, if the tenth (10th) is not a regular work day, payment shall be made on the next regular work day. All preliminary payments shall be calculated based on the then-current price on a dollar per ton basis as calculated by the guaranteed monthly weighted average BTU/lb. and the then-current Base Price in cents per MMBTU and shall be equal to seventy-five percent (75%) of such calculated amount.
Payment Procedures for Coal Shipments. Payment for coal unloaded in a calendar month shall be wired by the 25th of the month following the month of unloading, except that, if the 25th is a weekend or a holiday observed by the Buyer, payment shall be made on the next CONSOL ENERGY INC. LG&E CONTRACT #LGE 00010 KU CONTRACT #KUF00731 business day or within ten days after receipt of Seller's invoice, whichever is later. Buyer shall electronically transfer all payments to Seller's account at: CONSOL Inc. Account No. 107-3965 ABA No. 043000261 Mellon Bank, NA Pittsburgh, PA 15251
