Eligible Renewable Identification Numbers definition
Eligible Renewable Identification Numbers means with respect to any Renewable Identification Number type as of any date of determination, the aggregate number of Detached Renewable Identification Numbers of such type owned by the Borrowers (collectively, “Owned RINs”) at such time less (i) the number of Owned RINs that become invalid within 91 days after such date of determination and (ii) the number of Detached Renewable Identification Numbers of such type that would be required to set off all renewable volume obligations of all Loan Parties (other than Intermediation Guarantors) under the RFS that are due within three (3) months after such date of determination; provided, that, such Detached Renewable Identification Numbers satisfy the following additional criteria (which may be revised from time to time by Agent in its Permitted Discretion to address the results of any information with respect to Loan Parties’ business or assets of which Agent becomes aware after the Closing Date, including any field examination or appraisal performed or received from time to time after the Closing Date, and other due diligence or information with respect to the Loan Parties’ business or assets of which Agent becomes aware after the date hereof):
Eligible Renewable Identification Numbers means any Renewable Identification Number that:
Examples of Eligible Renewable Identification Numbers in a sentence
As to each Renewable Identification Number that is identified by Borrowers as Eligible Renewable Identification Numbers in a Borrowing Base Report submitted to Agent, such Renewable Identification Number is not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Renewable Identification Numbers.