Common use of Product Gains/Losses Clause in Contracts

Product Gains/Losses. With respect to Customer’s Product, normal evaporation and handling losses will not exceed five-tenths percent (0.5%) (the “Evaporation Threshold”). Operator shall not be liable for normal evaporation and handling losses not in excess of the Evaporation Threshold. Product gains and losses will be analyzed at the end of each month and reconciled at the end of each calendar year at minimum.

Appears in 2 contracts

Samples: Ethanol Storage and Throughput Agreement (Green Plains Inc.), Ethanol Storage and Throughput Agreement (Green Plains Partners LP)

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Product Gains/Losses. With respect to Customer’s Customer Product, normal evaporation and handling losses will not exceed five-tenths percent (0.5%) (the “Evaporation Threshold”). Operator shall not be liable for normal evaporation and handling losses not in excess of the Evaporation Threshold. Customer Product gains and losses will be analyzed at the end of each month and reconciled at the end of each calendar year at minimum.

Appears in 2 contracts

Samples: Rail Transportation Services Agreement (Green Plains Partners LP), Rail Transportation Services Agreement (Green Plains Partners LP)

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