Payment Terms for Grain Sample Clauses

Payment Terms for Grain. Aemetis Keyes agrees that the Purchase Price and Service Fee will be due the day of delivery. Notwithstanding this general rule, in consideration of Aemetis Keyes’ entering into the Security Agreement and performing its obligations under this Agreement, Hexxxxxx xgrees that so long as its security interest in Collateral (as defined in the Security Agreement, which includes, but is not limited to, all products derived from the processing of Corn at the Plant) remains a valid First Priority Security Interest, subject to the terms of this Section 3.02, Hexxxxxx xhall permit payment of the Purchase Price and Service Fee to be payable and settled on the next business day following the applicable delivery by 4:30 p.m. local central time. The credit limit described in the preceding sentence (the “Credit Limit”) shall be in an amount equal to (a) all delivered Grain since the immediately preceding business day, plus (b) the applicable Handling Fee, minus (c) WDGS, Syrup, CDS/Syrup, and Corn Oil (as defined in the Hexxxxxx Xurchasing Agreement) to be purchased by Hexxxxxx xince the immediately preceding business day. The Credit Limit shall cease immediately if (1) the liens in favor of Hexxxxxx xnder the Security Agreement shall at any time cease to constitute a First Priority Security Interest in the Collateral, (2) the enforceability of the Security Agreement or Lender Consent shall be repudiated in writing by Aemetis Keyes or the Lenders, (3) if at any time, the Cash Deposit or request for additional funds in anticipation of a holiday weekend fails to meet the levels mutually agreed upon by the Parties; or (4) any other Event of Default (as defined below), or any event or condition which with the lapse of time, the giving of notice, or both, could constitute an Event of Default, shall occur hereunder, whereupon the Credit Limit shall, at Hexxxxxx’x xole discretion and without notice, become $0.00 and Hexxxxxx xhall have no obligation to deliver Grain to the Ethanol Plant.
Sample 1
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Payment Terms for Grain. Aemetis Keyes agrees that the Purchase Price and Service Fee will be due [***]. Notwithstanding this general rule, in consideration of Aemetis Xxxxx’x entering into the Security Agreement and performing its obligations under this Agreement, Xxxxxxxx agrees that so long as its security interest in the Collateral (as defined in the Security Agreement) remains a valid First Priority Security Interest, subject to the terms of this Section 3.02, Xxxxxxxx shall permit payment of the Purchase Price and Service Fee to be payable and settled [***] following the applicable delivery. The credit limit [***] plus [***] minus,[***]. The Credit Limit shall cease immediately if (1) the liens in favor of Xxxxxxxx under the Security Agreement shall at any time cease to constitute a First Priority Security Interest in the Collateral described therein, (2) the enforceability of the Security Agreement or the Lender Consent shall be repudiated in writing by Aemetis Keyes or the Lenders, or (3) any Event of Default (as defined below), or any event or condition which with the lapse of time, the giving of notice, or both, could constitute an Event of Default, shall occur hereunder, whereupon the Credit Limit shall, at Xxxxxxxx’x sole discretion and without notice, become [***]
Sample 1

Related to Payment Terms for Grain

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  • Settlement Terms Settlement Currency: USD

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