Common use of Oregon Clean Fuels Program Regulations Clause in Contracts

Oregon Clean Fuels Program Regulations. (a) To the extent the Product sold hereunder is a transportation fuel identified in OCFP Regulations § 340-253-0200(2) (as defined below), the Parties agree that, unless otherwise agreed and stated in the Confirmation, Buyer (i) is the regulated party under the OCFP Regulations, for the total volume of fuel transferred to Buyer hereunder; (ii) must comply with the registration, recordkeeping and reporting requirements under OCFP Regulations §§ 000-000-0000, 000-000-0000, 340-253- 0620, 000-000-0000 and 000-000-0000, for the fuel transferred hereunder; and (iii) is responsible for compliance with the clean fuel standard for such fuel under OCFP Regulations § 340-253-0100(6) of the OCFP Regulations. In addition, unless otherwise agreed in the Confirmation, Seller shall provide Buyer with a PTD that prominently states that Xxxxx is now the regulated party for the entire volume of Product transferred hereunder. (b) To the extent the Parties have agreed that Seller shall remain the regulated party under the OCFP Regulations, and such agreement is specifically stated in the Confirmation, Seller (i) agrees to remain the regulated party for the volume of fuel transferred hereunder; and (ii) shall provide Buyer with a PTD that prominently states that Seller remains the regulated party and is responsible for meeting all applicable requirements of the Oregon Clean Fuels Program for the Product. (c) For purposes of this Agreement, “OCFP Regulations” means the regulations, orders, decrees and standards issued by a Governmental Authority implementing or otherwise applicable to the Oregon Clean Fuels Program as set forth in the Oregon Administrative Rules §§ 000-000-0000 et. seq., and each successor regulation, as may be subsequently amended, modified, restated from time to time.