SALE OF INITIAL INVENTORY AND REPURCHASE OF ENDING INVENTORY. 3.1 Estimated Initial Inventory (Estimated Step-in Inventory). On Thursday, June 27, 2013, PRC shall prepare its good faith estimate of the Initial Inventory to be sold by PRC to Xxxx hereunder as of the Commencement Date (the “Estimated Initial Inventory”) based on the volumes held in the Included Locations as of 11:59:59 p.m. EPT on Wednesday, June 26, 2013, and shall deliver a written statement thereof to Xxxx by 5:00:00 p.m. EPT on Thursday, June 27, 2013.
Appears in 4 contracts
Samples: Inventory Intermediation Agreement (PBF Energy Co LLC), Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Energy Inc.)
