Common use of Trade Rules Clause in Contracts

Trade Rules. All purchases and sales of Distiller’s Grains made hereunder shall, to the extent they are otherwise expressly applicable, be governed by the Feed Trade Rules of the National Grain and Feed Association unless otherwise specified, and said Trade Rules shall, to the extent expressly applicable, be a part of this Restated Agreement as if fully set forth herein; provided, however, that in the event of a conflict or inconsistency between any term or provision of such Trade Rules and any term or condition of this Restated Agreement, this Restated Agreement shall govern and control to the full extent of such conflict or inconsistency. Notwithstanding the foregoing, the Arbitration Rules of the National Grain and Feed Association shall not be applicable to this Restated Agreement and, except as provided in Section 20 below, nothing herein contained shall be construed to constitute an agreement between the parties to submit disputes arising hereunder to arbitration before any organization or tribunal.