Examples of Renewable Product in a sentence
If Macquarie accepts any request for an Excess Inventory Level, then for all purposes of this Agreement and in lieu of the relevant level set forth on Schedule D, such Excess Inventory Level shall constitute the maximum inventory level for the relevant Renewable Product Group for the period specified in such request; provided that, after such period, the applicable level set forth on Schedule D shall be in effect for purposes of this Agreement.
If any change occurs in the quantity, grade or delivery terms of the Refinery Procured Renewable Product Barrels that the Company expects to procure for delivery during such month, the Company shall promptly advise Macquarie of such change.
Each invoice will contain a breakdown of the applicable Renewable Product Groups.
To the extent permitted by GAAP, the Company shall reflect the buy/sell transactions contemplated hereby as buy/sell transactions on its books and records and will not list as assets in its books and records any Permitted Feedstock or Renewable Product agreed hereunder to be owned by Macquarie.
Provided no Relevant Default and/or Event of Default has occurred and is continuing, the Company shall be permitted to purchase Renewable Products from the Included Renewable Product Tanks and take delivery of such Renewable Products at any Renewable Products Delivery Point in accordance with any accepted Weekly Renewable Products Projection, or as otherwise mutually agreed to by the Parties.
In the event the Parties mutually agree to the proposed adjusted Permitted Feedstock or Renewable Product Differentials, the same shall become applicable commencing with the month immediately following such Differential Adjustment Month; provided, however, that in the event no such mutual agreement is made, the Permitted Feedstock or Renewable Product Differentials set forth on Schedule B will continue to apply.
The Parties acknowledge that the consideration due from Macquarie to the Company for any Refinery Procured Renewable Product Barrels shall be paid for in accordance with Article 10.
In the event Macquarie timely rejects any Weekly Renewable Product Projection, the Parties will meet not later than the following day to seek to agree upon a mutually agreeable alternative.
In connection with the assignment or reassignment of any Macquarie Permitted Feedstock Procurement Contract, the Parties shall endeavor, in a commercially reasonable manner, to facilitate the transitioning of the Renewable Product marketing and sales arrangements so as to prevent any material disruption in the distribution of Renewable Products from the Refinery.
In connection with the assignment or reassignment of any Tripartite Renewable Product Offtake Agreement or transaction thereunder, the Parties shall use commercially reasonable efforts to facilitate the transitioning so as to prevent any material disruption in the receipt of Permitted Feedstock at and distribution of Renewable Products from the Refinery.