Examples of Supply Period in a sentence
Livestock subject to one Supply Period shall not be substituted for Livestock which are subject to another Supply Period.
In this Agreement, “Supply Period” shall mean the period in one or more Livestock Supply Forms, Promissory Notes and Equity Loan Promissory Notes which end with the same Due Date and the Livestock supplied during this Supply Period shall include all Livestock described in these Livestock Supply Forms.
The Member may do so by purchasing all Livestock supplied during the Supply Period, and/or by selling these Livestock on behalf of the Association in accordance with clauses 4.1, 4.2 and/or 4.4 of this Agreement.
Notwithstanding clause 5.5, if some Livestock have not been sold (including Livestock supplied during a different Supply Period) the Association may, in its sole discretion and subject to the Regulations, pay a portion of the Sale Proceeds from Livestock sold by the Member on behalf of the Association, to the Member, if the Association is satisfied that the value of the remaining Livestock is more than adequate to pay the balance of the Member’s Obligations.
By no later than the Due Date for each Supply Period, the Member shall pay the accumulated Member’s Obligations relating to the Livestock Supply Forms, Promissory Notes, Equity Loans and Equity Loan Promissory Notes for that Supply Period.