Monthly Forecasts and Projections Sample Clauses
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Monthly Forecasts and Projections. (a) Before the Contract Cutoff Date in any Nomination Month, the Company shall provide ▇▇▇▇ with a written forecast of the Refinery’s anticipated Crude Oil requirements for the related Delivery Month (each, a “Monthly Crude Forecast”).
(b) [Reserved.]
(c) The Company shall promptly notify ▇▇▇▇ in writing upon learning of any material change in any Monthly Crude Forecast or if it is necessary to delay any previously scheduled pipeline nominations.
(d) The Parties acknowledge that the Company is solely responsible for providing the Monthly Crude Forecast and for making any adjustments thereto, and the Company agrees that all such forecasts and projections shall be prepared in good faith, with due regard to all available and reliable historical information and the Company’s then-current business prospects, and in accordance with such standards of care as are generally applicable in the U.S. oil refining industry. The Company acknowledges and agrees that (i) ▇▇▇▇ shall be entitled to rely and act upon all such forecasts and projections and shall not be deemed in breach hereof to the extent any such breach or alleged breach is attributable to its having acted or relied thereon, and (ii) ▇▇▇▇ shall not have any responsibility to make any investigation into the facts or matters stated in such forecasts or projections.
Monthly Forecasts and Projections. (a) No later than the fifth (5th) Business Day of the month preceding a Delivery Month, the Company shall provide ▇▇▇▇ ▇ith a preliminary written forecast of the Target Month End Crude Volume and Target Month End Product Volume for the Delivery Month. During the first (1st) month of deliveries of Crude Oil made pursuant to this Agreement, the Target Month End Crude Volume and Target Month End Product Volume shall be the amounts set forth on Schedule I.
(b) No later than the fifth (5th) Business Day of the month preceding a Delivery Month, the Company shall provide ▇▇▇▇ ▇ith a written forecast of the Refinery’s anticipated Crude Oil requirements for the following Delivery Month and the immediately following month (each, a “Monthly Crude Forecast”).
(c) [Reserved].
(d) The Company shall promptly notify ▇▇▇▇ ▇n writing upon learning of any material change in any Monthly Crude Forecast or if it is necessary to delay any previously scheduled pipeline nominations.
(e) The Parties acknowledge that the Company is solely responsible for providing the Monthly Crude Forecast and for making any adjustments thereto, and the Company agrees that all such forecasts and projections shall be prepared in good faith, with due regard to all available and reliable historical information and the Company’s then-current business prospects, and in accordance with such standards of care as are generally applicable in the U.S. oil refining industry; provided, however, the Parties acknowledge and agree that such forecasts and projections are only estimates, and the Company shall have no liability to ▇▇▇▇ for any differences between such forecasts and projections provided by Producer in good faith and the actual crude requirements or runs. The Company acknowledges and agrees that (i) ▇▇▇▇ ▇hall be entitled to rely and act, and shall be fully protected in relying and acting, upon all such forecasts and projections, and (ii) ▇▇▇▇ ▇hall not have any responsibility to make any investigation into the facts or matters stated in such forecasts or projections.
Monthly Forecasts and Projections. (a) Before the Contract Cutoff Date in any Nomination Month, the Company shall provide ▇▇▇▇ with a written forecast of the Refinery’s anticipated Crude Oil requirements for the related Delivery Month (each, a “Monthly Crude Forecast”).
(b) [Reserved.]
Monthly Forecasts and Projections