Common use of Allocation of RINs Clause in Contracts

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).