Common use of Second Installment Clause in Contracts

Second Installment. The second installment of the Purchase Price (the “Second Installment”) shall be the balance of the Purchase Price, reflecting Actual NCVcp. Buyer shall pay the Second Installment within five (5) Working Days following receipt from Seller of a properly documented invoice therefor, which invoice shall be valid when Buyer has received each of the following with respect to the FOB Shipment that is the subject of the invoice: (1) all documentation identified in Section 9(c)(i); (2) upon request by Buyer with reasonable advance notice, required documentation to demonstrate compliance with the GGL Certification or control standard; and (3) the Quality Analysis Certificate.

Appears in 3 contracts

Sources: Master Biomass Purchase and Sale Agreement, Master Biomass Purchase and Sale Agreement (Enviva Partners, LP), Master Biomass Purchase and Sale Agreement (Enviva Partners, LP)