Common use of PAYMENT; SHORTFALL PAYMENTS Clause in Contracts

PAYMENT; SHORTFALL PAYMENTS. (a) Delek-Big Xxxxx shall invoice Delek Refining monthly (or, in the case of any Shortfall Payments, quarterly). Delek Refining will make payments to Delek-Big Xxxxx by electronic payment with immediately available funds on a monthly (or in the case of Shortfall Payments, quarterly) basis during the Term with respect to services rendered by Delek-Big Xxxxx under this Agreement in the prior month (or, in the case of Shortfall Payments, Contract Quarter) upon the later of (i) ten (10) days after its receipt of such invoice and (ii) thirty (30) days following the end of the calendar month (or in the case of Shortfall Payments, Calendar Quarter) during which the invoiced services were performed. Any past due payments owed by Delek Refining to Delek-Big Xxxxx shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Terminalling Service Fee, Storage Fee, or Shortfall Payment pursuant to this Section 6 shall be made by wire transfer of immediately available funds to an account designated in writing by Delek-Big Xxxxx. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.

PAYMENT; SHORTFALL PAYMENTS. (a) Delek-Big Xxxxx shall invoice Sandy shxxx xnvoice Delek Refining monthly (or, in the case of any Shortfall Payments, quarterly). Delek Refining will make payments to Delek-Big Xxxxx Sandy by electronic xxxxtronic payment with immediately available funds on a monthly (or in the case of Shortfall Payments, quarterly) basis during the Term with respect to services rendered by Delek-Big Xxxxx under this Sandy unxxx xhis Agreement in the prior month (or, in the case of Shortfall Payments, Contract Quarter) upon the later of (i) ten (10) days after its receipt of such invoice and (ii) thirty (30) days following the end of the calendar month (or in the case of Shortfall Payments, Calendar Contract Quarter) during which the invoiced services were performed. Any past due payments owed by Delek Refining to Delek-Big Xxxxx shall accrue Sandy shxxx xccrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Terminalling Service Throughput Fee, Storage Fee, or Shortfall Payment pursuant to this Section 6 shall be made by wire transfer of immediately available funds to an account designated in writing by Delek-Big XxxxxSandy. If any Ix xxx such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.

PAYMENT; SHORTFALL PAYMENTS. (a) Delek-Big Xxxxx shall invoice Delek Refining DKTS monthly (or, in the case of any Shortfall Payments, quarterly). Delek Refining DKTS will make payments to Delek-Big Xxxxx by electronic payment with immediately available funds on a monthly (or in the case of Shortfall Payments, quarterly) basis during the Term with respect to services rendered by Delek-Big Xxxxx under this Agreement in the prior month (or, in the case of Shortfall Payments, Contract Quarter) upon the later of (i) ten (10) days after its receipt of such invoice and (ii) thirty (30) days following the end of the calendar month (or in the case of Shortfall Payments, Calendar Contract Quarter) during which the invoiced services were performed. Any past due payments owed by Delek Refining DKTS to Delek-Big Xxxxx shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Terminalling Service Throughput Fee, Storage Fee, or Shortfall Payment pursuant to this Section 6 shall be made by wire transfer of immediately available funds to an account designated in writing by Delek-Big Xxxxx. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.