Renewable Fuel Standards definition
Examples of Renewable Fuel Standards in a sentence
If the scenario under subparagraph 8.c occurs and PESRM has over complied with its RVOs based on newly set Renewable Fuel Standards, EPA will reinstate the appropriate number and type of RINs with which PESRM has over complied.
If the scenario under subparagraph 8.c occurs and PESRM has under complied with its RVOs based on the newly set Renewable Fuel Standards, PESRM shall retire the required amount and type of RINs to meet its RVOs within 30 calendar days of the effective date of the newly set Renewable Fuel Standards.
PESRM shall, as a refiner, comply with all Renewable Fuel Standards (including requirements therein for RVOs and RINs) and all applicable fuel and fuel additive requirements set forth in 40 C.F.R. Part 80, and all other Applicable Laws (including Environmental Laws) related thereto.
Nothing in this Agreement shall be interpreted to impart any responsibility to MLC to comply with Renewable Fuel Standards (including requirements therein for RVOs and RINs) as an “obligated party” pursuant to 40 C.F.R. Part 80 by virtue of the transactions contemplated by this Agreement.
The requirements established by the U.S. Environmental Protection Agency (EPA) for RIN generation from renewable electricity under Renewable Fuel Standards program set forth in Regulation of Fuels and Fuel Additives: RFS Pathways II, and Technical Amendments to the RFS Standards and E15 Misfueling Mitigation Requirements, 79 FR 42128 (July 18, 2014).
If the scenario under subparagraph 8.c occurs, within 30 days of RIN retirement or RIN reinstatement, PESRM shall revise and resubmit the RINs Retirement Reports required by this Consent Decree and Environmental Settlement Agreement under Paragraphs 9 and 10, as applicable, based on the newly set Renewable Fuel Standards.
In the event EPA has not set the Renewable Fuel Standards for a future Compliance Period by the retirement deadlines specified in subparagraphs 8.a and 8.b above, ▇▇▇▇▇ shall retire RINs for such Compliance Period by the deadlines set forth in Paragraphs 8.a and 8.b above in an amount determined as if the most recent preceding yearly Renewable Fuel Standards set pursuant to 40 C.F.R. § 80.1405 were applicable for that Compliance Period.
Solely as an accommodation to Client, Adviser agrees to purchase from Client biodiesel and sell such biodiesel to such of Client’s customers who do not wish to purchase biodiesel from Client as a result of the operating reporting requirements imposed under the federal Renewable Fuel Standards regulations which became effective September 1, 2007.
Nothing in any of the Transaction Documents shall be interpreted or deemed to impart any responsibility to Secured Party to comply with Renewable Fuel Standards (including requirements therein for RVOs and RINs) as an “obligated party” pursuant to 40 C.F.R. Part 80, as amended from time to time, by virtue of the transactions contemplated by this Agreement.