Payment and Interest Charges. i) Payment will be made by way of electronic funds transfer (EFT) as per the settlement date on the ▇▇▇▇▇▇▇▇▇ Statement and in any event not earlier than 30 days from the date of ▇▇▇▇▇▇▇▇▇, in accordance with the terms and conditions in Schedule B, payable in line with the banking details provided in writing to MEATCO by the PRODUCER or his/her/its duly authorised Agent. ii) In the event of MEATCO failing to pay the PRODUCER within the period specified in (i) above, prime interest shall accrue in favour of the PRODUCER, reckoned from the settlement date as per the ▇▇▇▇▇▇▇▇▇ statements.
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Sources: Feeders Price Slaughter Contract, Feeders Price Slaughter Contract, Feeders Price Slaughter Contract