West Central’s Right to Sell Excess Inventory Sample Clauses

West Central’s Right to Sell Excess Inventory. If at any time during the term of this Agreement, the Oil Inventory being stored by West Central for REG exceeds 4.25 million pounds, then West Central shall have the right (but not the obligation) to sell all Oil in such inventory in excess of 3.75 million pounds. In the event of any such sale of Oil by West Central hereunder, West Central shall have the right to sell such Oil upon such terms and at such prices as West Central may determine. West Central shall receive all proceeds of the sale of such Oil, and REG shall have no responsibility to pay any sums of money to West Central in the event the sales proceeds received by West Central are less than the Total Price for Oil that might otherwise have been determined under Section 1.4 herein. Prior to making any such sale, West Central shall consult with REG, to see what sales REG may have arranged under Section 1.3(a) herein, and the impact of such sales upon the inventory level.
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