Monthly Estimates. At least 30 days before the beginning of each month during the Term, REG will deliver to West Central a written estimate (each a “Monthly Estimate”) of its anticipated Oil requirements at the Facility for such month, which estimate will include (i) amounts under all then-existing Specific Orders and (ii) any additional amounts requested by REG for such month. West Central will review all timely delivered Monthly Estimates and the Parties will mutually agree upon a Total Price (utilizing the method set out in Section 4.1) applicable to any Oil contemplated by a Monthly Estimate that is not covered by a Specific Order, which Total Price may be agreed at any time subsequent to the delivery of the Monthly Estimate and prior to the first of the month for which delivery of Oil is requested. In addition, REG will give West Central reasonable advance notice of any circumstances that would reasonably be expected to materially affect Oil requirements at the Facility. Subject to the other provisions of this Agreement, West Central will deliver to REG the quantity of Oil required by such Monthly Estimate.
Appears in 3 contracts
Sources: Oil Feedstock Supply Agreement, Oil Feedstock Supply Agreement (REG Newco, Inc.), Oil Feedstock Supply Agreement (Renewable Energy Group, Inc.)