Common use of Outstanding Invoices Clause in Contracts

Outstanding Invoices. The Parties agree that all disputes relating to all invoices which have been or could have been submitted to DF by either Tyson or Syntroleum as of May 31, 2012 for Sourcing Fees, Running Royalty Fees, LC or Interest Fees or hourly services and expenses under the Service Agreements shall be fully satisfied by equal payments by DF to Tyson and Syntroleum in the amount of $6,597,128 with such obligations converted into additional contributions under each of the Party’s contribution accounts. Any amounts previously claimed by either Tyson or Syntroleum for Sourcing Fees, Running Royalty Fees, LC or Interest Fees or hourly services and expenses under the Service Agreements prior to June 1, 2012 are hereby waived, withdrawn and released.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement (Syntroleum Corp)