Allocation of RINs Clause Samples

Allocation of RINs. If ▇▇▇▇▇▇▇▇ generates RINs that ▇▇▇▇▇▇▇▇ is entitled to in respect of the Products after delivery by ▇▇▇▇▇ at the Delivery Point, ▇▇▇▇▇ shall not be entitled to any of the benefits associated with such RINs until the later of January 1, 2011 or until the Tulsa Refinery no longer receives a “small refinery” exemption, at which time ▇▇▇▇▇▇▇▇ shall provide ▇▇▇▇▇ with 50% of the benefits associated with such RINs at no cost. In addition, ▇▇▇▇▇ may purchase the 50% of such RINs retained by ▇▇▇▇▇▇▇▇ at a mutually agreed market price. For the avoidance of doubt, ▇▇▇▇▇ shall not be entitled to any RINs to which ▇▇▇▇▇▇▇▇ is not entitled (e.g., RINs generated by any third party at locations other than the Tulsa Refinery).
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Allocation of RINs. (a) Sinclair agrees to sell and deliver to ▇▇▇▇▇, and ▇▇▇▇▇ agrees to purchase and receive from Sinclair, for each month during the term of this Agreement, commencing on December 1, 2014, all RINs described in Section 10.2 (b), in units of “Gallon-RINs", unassigned ("K" code of "2”), renewable fuel type ("D" code of "6"), as the terms are defined in 40 CFR § 80.1400 et seq. (as amended from time to time, the "Renewable Fuel Standard Regulations"), generated by Sinclair during the then current calendar year and in the quantities, and for the price, and on the other terms and conditions, set forth in this Agreement. Capitalized terms used in this Section 10.2 but not otherwise defined herein shall have the meaning ascribed to such terms in the Renewable Fuel Standard Regulations. From time to time Sinclair may offer to sell to ▇▇▇▇▇ RINs generated during the prior calendar year in lieu of the sale of RINs for the then current calendar year; provided that ▇▇▇▇▇ shall have the right, in its sole discretion, to reject such offer and insist that RINs generated during the then current calendar year be sold pursuant to this Agreement. (b) The volume of RINs to be purchased and sold under this Agreement each calendar month shall be all D6 RINs associated with the blending of ethanol by Sinclair into gasoline purchased from ▇▇▇▇▇ and received via pipeline in any calendar month pursuant to this Agreement. The sale of such RINs is to occur on or before the 20th of the following month. (c) The purchase price for each RIN (the "RINs Purchase Price") shall be equal to the $ USD per Gallon-RINS price determined by the average of the low and high posting for the “OPIS RIN value (cts/gal), Corn Ethanol” as reported each day during the subject month by the Oil Price Information Service ("OPIS") (the “Reference Price”.) The Reference Price used in calculating the RINs Purchase Price shall be the Reference Price for the same month used to determine quantity of gasoline sold pursuant to Section 10.2(b). (d) In the event the supply of gasoline to Sinclair under this Agreement exceeds 10,000 barrels per day of gasoline in any calendar month, then the amount to be paid by Sinclair for such gasoline shall be subject to a credit in such month equal to $0.0050 (50 points) per gallon on all gasoline volumes delivered to Sinclair in the Magellan Pipeline or NuStar Pipeline during such month in excess of 10,000 bpd, until this Agreement is terminated or the dollar value of the 2014 RIN ...
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Allocation of RINs of the Agreement is hereby deleted in its entirety and the following substituted in lieu thereof:
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Related to Allocation of RINs

  • Allocation of Rights (1) Except as provided in paragraph (c) of this clause, HTFC shall have unlimited rights in: (i) Data first produced in the performance of this contract; (ii) Form, fit, and function data delivered under this contract; (iii) Data delivered under this contract (except for restricted computer software) that constitute manuals or instructional and training material for installation, operation, or routine maintenance and repair of items, components, or processes delivered or furnished for use under this contract; and (iv) All other data delivered under this contract unless provided otherwise for limited rights data or restricted computer software in accordance with paragraph (g) of this clause. (2) The Contractor shall have the right to: (i) Assert copyright in data first produced in the performance of this contract to the extent provided in paragraph (c)(1) of this clause; (ii) Use, release to others, reproduce, distribute, or publish any data first produced or specifically used by the Contractor in the performance of this contract, unless provided otherwise in paragraph (d) of this clause; (iii) Substantiate the use of, add, or correct limited rights, restricted rights, or copyright notices and to take other appropriate action, in accordance with paragraphs (e) and (f) of this clause; and (iv) Protect from unauthorized disclosure and use those data that are limited rights data or restricted computer software to the extent provided in paragraph (g) of this clause.

  • Allocation of Risk Licensee acknowledges and agrees that each provision of this Agreement that provides for a disclaimer of warranties or an exclusion or limitation of damages represents an express allocation of risk, and is part of the consideration of this Agreement.

  • Allocation of Liability It is expressly understood and agreed that the Seller shall be liable to third parties for any and all obligations, claims, losses, damages, liabilities, and expenses to the extent arising out of events, contractual obligations, acts, or omissions of the Seller that occurred in connection with the ownership or operation of the Property during the period in which the Seller owned the Property prior to the Closing and the Purchaser shall be liable to third parties for any and all obligations, claims, losses, damages, liabilities and expenses to the extent arising out of events, contractual obligations, acts, or omissions of the Purchaser that occur in connection with the ownership or operation of the Property during the period in which the Purchaser owns the Property after the Closing. The provisions of this Section 12.1 shall survive the Closing.

  • Allocation of Liabilities (a) The RHD Group shall retain responsibility for and continue to pay all expenses and benefits relating to the Corporation Employee Benefit Welfare Plans with respect to claims incurred from and after the Effective Time by RHD Employees and RHD Disabled Employees as well as their dependents. The New D&B Group shall be responsible for and pay expenses and benefits relating to all Employee Benefit Welfare Plan claims (i) incurred prior to the Effective Time by Corporation Employees, RHD Disabled Employees and their covered dependents and (ii) incurred by New D&B Employees, Corporation Retirees, DonTech Retirees and New D&B Disabled Employees as well as their covered dependents from and after the Effective Time. For purposes of this paragraph, a claim is deemed incurred when the services that are the subject of the claim are performed; in the case of life insurance, when the death occurs; in the case of long-term disability, when the disability occurs; and, in the case of a hospital stay, when the employee first enters the hospital. Notwithstanding the foregoing, claims incurred by any employee of a pre-Distribution Subsidiary of Corporation or their covered dependents under any welfare plan maintained by such Subsidiary solely for the benefit of its employees and their dependents shall, whether incurred prior to, on or after the Effective Time, be the sole responsibility and liability of that Subsidiary. (b) The RHD Group shall be responsible for all COBRA coverage for any RHD Employee and his or her covered dependents who participated in a Corporation Employee Benefit Welfare Plan and who had or have a loss of health care coverage due to a qualifying event occurring prior to the Effective Time. The New D&B Group shall be responsible for all COBRA coverage for any other Corporation Employee and his or her covered dependents who participated in a Corporation Employee Benefit Welfare Plan and who had or have a loss of health care coverage due to a qualifying event occurring prior to the Effective Time. Notwithstanding the foregoing, a pre-Distribution Subsidiary of Corporation shall be responsible for all COBRA coverage for its former employees and covered dependents who participated in a plan maintained solely for their benefit whether the applicable event occurs prior to, on or after the Effective Time. COBRA coverage to which a RHD Employee is entitled as a result of a qualifying event occurring at or after the Effective Time shall be the responsibility of the RHD Group.

  • Allocation of Resources Whenever a disaster causes Vendor to allocate limited resources between or among Vendor's customers, vendor will not provide priority over Prudential to any other customers of Vendor. In addition, in no event will Vendor re-deploy or reassign any vendor Key Employee (as identified and defined in an applicable Engagement Schedule) or any Affected Employee (as identified and defined in an applicable Engagement Schdule) to any other Vendor account in the event of a disaster.