Article IV. Price, Payment, Obligations, Taxes

Section 4.01 Contract Credit Payment Obligation. With respect to each Contract Credit to be Delivered hereunder, Buyer will pay to Supplier the Unit Price by wire transfer of immediately available funds to an account designated by Supplier to Buyer in writing:

[ __ ] within [ __ ] ([ __ ]) days of such Contract Credit being Delivered.

[ __ ] within [ __ ] ([ __ ]) days of Buyer receiving Supplier's invoice therefor.

[ __ ] [within [ __ ] ([ __ ]) days of/upon] the [Effective Date/Fulfillment Due Date].

[ __ ] no less than [ __ ] ([ __ ]) days prior to the Commercial Operations Date.

During each Contract Year, Buyer shall pay Supplier for all Contract Credits Delivered by Supplier to Buyer pursuant to the terms and subject to the conditions herein up to and including the Contract Quantity, regardless of Buyer's acceptance or use of such Contract Credits, unless Buyer is unable to accept or use such Contract Credits as the sole and direct result of Supplier's breach of this Agreement.

Section 4.02 Interest. Interest shall accrue on any payment for Contract Credits not timely remitted by Buyer to Supplier in accordance with Section 19.10. Buyer may withhold any payment amount disputed in good faith. If such dispute is resolved so that Buyer owes withheld amounts, Buyer shall also owe Supplier interest accrued on amounts owing, in accordance with Section 19.10, from the date originally due until paid in full.

Section 4.03 Verification and Registry Payment Obligations. From and after the [Commercial Operations Date / Effective Date] and for so long as Supplier is Delivering Contract Credits to Buyer in accordance with this Agreement, Supplier shall perform, or cause to be performed, any verification or inspection of the Project and any reporting data in connection with the Project, as required by Applicable Law, the Registry, and the Carbon Standard Rules. In doing so, Supplier shall coordinate with and accommodate requirements and reasonable requests by the Registry and the Verification Contractor (all costs related to the foregoing collectively, the "Verification and Registry Costs"). [Supplier/Buyer] shall be responsible for the timely payment in full of all Verification and Registry Costs directly to the Person to whom due.

Section 4.04 Taxes. Supplier shall pay or cause to be paid all taxes and fees, including any sales, use, or value added taxes, imposed by any Government Agency on or with respect to the Contract Credits Delivered ("Governmental Charges") to the extent accruing prior to or imposed upon the Delivery of Contract Credits to Buyer. Buyer shall pay to Supplier any such Governmental Charges that Supplier has a legal obligation to collect from Buyer (subject to Buyer's documented exemption therefrom) if such amounts are identified in the invoices rendered to Buyer hereunder for Contract Credits Delivered. Buyer shall pay or cause to be paid all Governmental Charges on or with respect to the Contract Credits Delivered to the extent accruing after Delivery of the Contract Credits to Buyer. If either Party remits or pays Governmental Charges that are the other Party's responsibility hereunder, such other Party shall promptly reimburse the paying Party therefor (or, if such paying Party is Buyer, Buyer may, at its option, deduct the amount of any such Governmental Charges from subsequent sums due to Supplier under this Agreement). Supplier will provide Buyer with any forms, documents, or certifications reasonably required by Buyer to satisfy any information reporting or withholding tax obligations of Buyer with respect to any payments under this Agreement.