Allocation of RINs Sample Clauses

Allocation of RINs. If Xxxxxxxx generates RINs that Xxxxxxxx is entitled to in respect of the Products after delivery by Xxxxx at the Delivery Point, Xxxxx shall not be entitled to any of the benefits associated with such RINs until the later of January 1, 2011 or until the Tulsa Refinery no longer receives a “small refinery” exemption, at which time Xxxxxxxx shall provide Xxxxx with 50% of the benefits associated with such RINs at no cost. In addition, Xxxxx may purchase the 50% of such RINs retained by Xxxxxxxx at a mutually agreed market price. For the avoidance of doubt, Xxxxx shall not be entitled to any RINs to which Xxxxxxxx is not entitled (e.g., RINs generated by any third party at locations other than the Tulsa Refinery).
Sample 1Sample 2
AutoNDA by SimpleDocs
Allocation of RINs. Section 10.2 of the Agreement is hereby deleted in its entirety and the following substituted in lieu thereof:
Sample 1
Allocation of RINs. (a) Sinclair agrees to sell and deliver to Xxxxx, and Xxxxx agrees to purchase and receive from Sinclair, for each month during the term of this Agreement, commencing on December 1, 2014, all RINs described in Section 10.2 (b), in units of “Gallon-RINs", unassigned ("K" code of "2”), renewable fuel type ("D" code of "6"), as the terms are defined in 40 CFR § 80.1400 et seq. (as amended from time to time, the "Renewable Fuel Standard Regulations"), generated by Sinclair during the then current calendar year and in the quantities, and for the price, and on the other terms and conditions, set forth in this Agreement. Capitalized terms used in this Section 10.2 but not otherwise defined herein shall have the meaning ascribed to such terms in the Renewable Fuel Standard Regulations. From time to time Sinclair may offer to sell to Xxxxx RINs generated during the prior calendar year in lieu of the sale of RINs for the then current calendar year; provided that Xxxxx shall have the right, in its sole discretion, to reject such offer and insist that RINs generated during the then current calendar year be sold pursuant to this Agreement.
Sample 1

Related to Allocation of RINs

  • Allocation of Risk The Trust acknowledges that the fees charged by UMBFS under this Agreement reflect the allocation of risk between the parties, including the exclusion of remedies and limitations on liability in Article IX. Modifying the allocation of risk from what is stated herein would affect the fees that UMBFS charges. Accordingly, in consideration of those fees, the Trust agrees to the stated allocation of risk.

  • Allocation of Revenues All revenues relating to the Designated Property shall be allocated as follows: (i) 100% to CWEI before Payout and (ii) 1% to CWEI and 99% to the Participants after Payout, apportioned among the Participants in proportion to the percentages listed on Exhibit A attached hereto.

  • Allocation of Overhead To the extent that Borrower, on the one hand, and the Servicer, the Parent, the Performance Guarantor, any Originator or any Affiliate thereof, on the other hand, have offices in the same location, there shall be a fair and appropriate allocation of overhead costs between them, and the Borrower shall bear its fair share of such expenses, which may be paid through the Servicing Fee or otherwise.

  • Allocation of Liability It is expressly understood and agreed that the Seller shall be liable to third parties for any and all obligations, claims, losses, damages, liabilities, and expenses to the extent arising out of events, contractual obligations, acts, or omissions of the Seller that occurred in connection with the ownership or operation of the Property during the period in which the Seller owned the Property prior to the Closing and the Purchaser shall be liable to third parties for any and all obligations, claims, losses, damages, liabilities and expenses to the extent arising out of events, contractual obligations, acts, or omissions of the Purchaser that occur in connection with the ownership or operation of the Property during the period in which the Purchaser owns the Property after the Closing. The provisions of this Section 12.1 shall survive the Closing.

  • Allocation of CDSCS (1) CDSCS RELATED TO THE REDEMPTION OF COMMISSION SHARES OTHER THAN OMNIBUS SHARES: CDSCs in respect of the redemption of Commission Shares which are not Omnibus Shares shall be allocated to PSI or Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI or Successor Distributor, as the case may be, in accordance with Part I above.

  • Allocation of Liabilities The IMS Health Group shall assume all Liabilities relating to the participation of IMS Health Transferred Savings Plan Employees in the Corporation Savings Plan. The Corporation Group shall retain all other Liabilities relating to the Corporation Savings Plan.

  • Allocation of Resources Whenever a disaster causes Vendor to allocate limited resources between or among Vendor's customers, vendor will not provide priority over Prudential to any other customers of Vendor. In addition, in no event will Vendor re-deploy or reassign any vendor Key Employee (as identified and defined in an applicable Engagement Schedule) or any Affected Employee (as identified and defined in an applicable Engagement Schdule) to any other Vendor account in the event of a disaster.

  • Allocation of Recovery In the event an actual pecuniary loss is suffered by any two or more of the Insureds under circumstances covered by the terms of the Bond, any recovery under the Bond shall be allocated among such Insureds as follows:

  • Limitation on Allocation of Net Loss To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss shall be reallocated (x) first, among the other Holders of Partnership Common Units in accordance with their respective Percentage Interests with respect to Partnership Common Units and (y) thereafter, among the Holders of other classes of Partnership Units as determined by the General Partner, subject to the limitations of this Section 6.4.A(vi).

  • Allocation of Costs The Fund shall pay the cost of composition and printing of sufficient copies of its Prospectus and SAI as shall be required for periodic distribution to its shareholders and the expense of registering Shares for sale under federal securities laws. You shall pay the expenses normally attributable to the sale of Shares, other than as paid under the Fund's Distribution Plan under Rule 12b-1 of the 1940 Act, including the cost of printing and mailing of the Prospectus (other than those furnished to existing shareholders) and any sales literature used by you in the public sale of the Shares and for registering such shares under state blue sky laws pursuant to paragraph 8.

Time is Money Join Law Insider Premium to draft better contracts faster.