Common use of Minimum Biodiesel Blending Commitment Clause in Contracts

Minimum Biodiesel Blending Commitment. (a) During each Calendar Quarter, Company shall tender for blending with diesel fuel, and Carrier shall blend, a volume of biodiesel equal to 5% of the total volume of Company’s blended diesel fuel delivered at the Hartford Terminal truck rack and the Pasadena Terminal truck rack during such Calendar Quarter, in approximately ratable quantities (such volume, the “Minimum Quarterly Biodiesel Commitment”), and for each Barrel of biodiesel blended into diesel fuel, Company shall pay the “Biodiesel Blending” fee determined in accordance with Exhibit B. Company shall provide any biodiesel required for Carrier to discharge its obligations under this Section 3.03.

Appears in 3 contracts

Samples: Terminal Services Agreement (Phillips 66 Partners Lp), Terminal Services Agreement (Phillips 66 Partners Lp), Terminal Services Agreement (Phillips 66 Partners Lp)

AutoNDA by SimpleDocs

Minimum Biodiesel Blending Commitment. (a) During each Calendar Quarter, Company shall tender for blending with diesel fuel, and Carrier shall blendblend (to the extent tendered), a volume of biodiesel equal to 5% of the total volume of Company’s blended diesel fuel delivered at the Hartford Terminal Terminals’ truck rack and the Pasadena Terminal truck rack racks during such Calendar Quarter, in approximately ratable quantities (such volume, the “Minimum Quarterly Biodiesel Commitment”), and for each Barrel of biodiesel blended into diesel fuel, Company shall pay the “Biodiesel Blending” fee Blending Fee for biodiesel determined in accordance with Exhibit B. Company shall provide any biodiesel required for Carrier to discharge its obligations under this Section 3.03.

Appears in 2 contracts

Samples: Terminal Services Agreement (Phillips 66 Partners Lp), Services Agreement (Phillips 66 Partners Lp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!