Market Updates. On a monthly basis, Cargill will provide Producer with corn market updates. Additionally, Cargill may provide Producer with input regarding Producer’s plans for Corn procurement and storage, including input on forward purchases, amount of grain held in storage and basis risk management; provided, however, that any such information provided by Cargill to Producer will be provided solely for informational purposes, without any guaranty of accuracy or completeness, provided that Cargill did not engage in fraud or willful misconduct. Such updates may be provided in writing or orally each Cargill Working Day. Cargill will provide the Commodity Manager with Corn “to arrive” information, based upon which the Commodity Manager may prepare the following day’s Limit Order Sheet. “Cargill Working Day” means Monday, Tuesday, Wednesday, Thursday or Friday except for Cargill Holidays. “Cargill Holidays” are New Years Day, Presidents Day, Good Friday, Memorial Day, July 4th, Labor Day, Thanksgiving Day, the day after Thanksgiving Day, Christmas Eve Day and Christmas Day (or, with respect to Christmas, the Cargill Holidays may differ from actual Christmas Eve Day and Christmas Day if such days fall on a weekend).
Appears in 4 contracts
Samples: Corn Supply Agreement (BioFuel Energy Corp.), Corn Supply Agreement (BioFuel Energy Corp.), Corn Supply Agreement (BioFuel Energy Corp.)
