Common use of Services Weights and Quality Clause in Contracts

Services Weights and Quality. (a) Settlements and Accounting. Producer will be solely responsible to provide all back office administrative and accounting responsibilities for A-B in connection with this Agreement, including but not limited to making settlements under Contracts, issuing associated payments and invoices to corn suppliers, balancing open Contracts activity with corn suppliers, balancing open contract activity and daily settlement activity between Producer and A-B, and providing daily activity reporting to A-B, including reporting of: (i) current Corn inventory held at the Delivery Destinations, (ii) open Contracts and Sales Confirmations with consolidated delivery dates, and (iii) Corn delivered to a Delivery Destination, both with respect to Corn accepted by Producer and Corn rejected by Producer for failure to meet Corn Quality Standards. Producer will provide such information in a daily report to A-B in a form reasonably acceptable to A-B. Producer will also be solely responsible for completing necessary UCC and Farm Security Act searches to confirm clear title in the Corn delivered for the benefit of A-B and will defend, indemnify and hold A-B harmless for, all costs, liabilities and expenses of A-B incurred in connection with any errors by Producer with respect to such searches, including, without limitation, reasonable attorney fees. Producer will perform such searches in a commercially reasonable manner consistent with industry standards.