Ethanol definition
Examples of Ethanol in a sentence
Eco’s obligation with respect to any Rejected Ethanol shall be fulfilled upon GPTG taking possession of the Rejected Ethanol, the disposal of the Rejected Ethanol or the return of the Rejected Ethanol to GPTG, as the case may be, in accordance with subparagraphs (a), (b) or (c) above.
GPTG shall also refund any amounts paid by Eco to GPTG for Rejected Ethanol within ten (10) days of the date of GPTG’s receipt of Eco’s written notice of the rejection.
Eco shall have no obligation to pay GPTG for Rejected Ethanol, and after written approval from GPTG, Eco may deduct from payments otherwise due from Eco to GPTG under this Agreement the amount of any reimbursable costs or any required refund by GPTG as described above.
GPTG shall reimburse Eco for all costs and expenses incurred by Eco for storing, transporting, returning, disposing of or otherwise handling Rejected Ethanol, and Eco shall provide GPTG with reasonable substantiating documentation for all such costs and expenses.
If any ethanol is rejected following the transfer of title and risk of loss to Eco under Section 8(e), title and risk of loss to the Rejected Ethanol shall automatically revert to GPTG effective upon the rejection of the ethanol.