Common use of Production Estimates Clause in Contracts

Production Estimates. On or before the first day of each month, Producer will provide Bunge with its updated best estimate of Producer’s anticipated monthly Ethanol production for the next twelve months, so that Bunge will have Ethanol production estimates from Producer twelve months into the future during the Term (each such monthly anticipated amount, a “Monthly Estimate”). If Producer fails to timely provide a written estimate for a month as required by this Section 2.2, then the Monthly Estimate for such month will be deemed to be the average amount of monthly production of Ethanol over the two months immediately preceding the month in question. Producer will notify Bunge of anticipated production downtime or disruption in Ethanol availability at least three months in advance of such outage. In addition to the Monthly Estimates, Producer will provide a written estimate to Bunge of the quantity of Ethanol to be produced and delivered by Producer in each given week (each such weekly anticipated amount, a “Weekly Estimate”) during the Term at least five days prior to the beginning of such week. Each Weekly Estimate will (a) include a statement of the amount of Ethanol in storage as of such date, and (b) be consistent with the applicable Monthly Estimate.

Appears in 3 contracts

Samples: Ethanol Purchase Agreement (Southwest Iowa Renewable Energy, LLC), Ethanol Purchase Agreement (Southwest Iowa Renewable Energy, LLC), Ethanol Purchase Agreement (Southwest Iowa Renewable Energy, LLC)

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Production Estimates. On or before the first day of each month, Producer will provide Bunge with its updated best estimate of Producer’s anticipated monthly Ethanol production for the next twelve months, so that Bunge will have Ethanol production estimates from Producer twelve months into the future during the Term (each such monthly anticipated amount, a “Monthly Estimate”). If Producer fails to timely provide a written estimate for a month as required by this Section 2.2, then the Monthly Estimate for such month will be deemed to be the average amount of monthly production of Ethanol over the two months immediately preceding the month in question. Producer will notify Bunge of anticipated production downtime or disruption in Ethanol availability at least three months in advance of such outage. In addition to the Monthly Estimates, Producer will provide a written estimate to Bunge of the quantity of Ethanol to be produced and delivered by Producer in each given week (each such weekly anticipated amount, a “Weekly Estimate”) during the Term at least five days prior to the beginning of such week. Each Weekly Estimate will (a) include a statement of the amount of Ethanol in storage as of such date, and (b) be consistent with the applicable Monthly Estimate. * Portion omitted pursuant to request for confidential treatment filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Samples: Ethanol Purchase Agreement (Southwest Iowa Renewable Energy, LLC)

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Production Estimates. On or before the first day of each month, Producer will provide Bunge with its updated best estimate of Producer’s anticipated monthly Ethanol DGS production for the next twelve months, so that Bunge will have Ethanol DGS production estimates from Producer twelve months into the future during the Term (each such monthly anticipated amount, a “Monthly Estimate”). If Producer fails to timely provide a written estimate for a month as required by this Section 2.2, then the Monthly Estimate for such month will be deemed to be the average amount of monthly production of Ethanol DGS over the two months immediately preceding the month in question. Producer will notify Bunge of anticipated production downtime or disruption in Ethanol DGS availability at least three months in advance of such outage. In addition to the Monthly Estimates, Producer will provide a written estimate to Bunge of the quantity of Ethanol DGS to be produced and delivered by Producer in each given week (each such weekly anticipated amount, a “Weekly Estimate”) during the Term at least five days prior to the beginning of such week. Each Weekly Estimate will (a) include a statement of the amount of Ethanol DGS in storage as of such date, and (b) be consistent with the applicable Monthly Estimate.

Appears in 1 contract

Samples: Grain Purchase Agreement (Southwest Iowa Renewable Energy, LLC)

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