Transfer of RINs by MSCG Clause Samples

The 'Transfer of RINs by MSCG' clause defines the process by which MSCG (likely a party to the agreement) is responsible for transferring Renewable Identification Numbers (RINs) to another party. In practice, this clause outlines the timing, method, and conditions under which RINs—credits used for compliance with renewable fuel standards—are delivered, such as specifying electronic transfer through a regulatory system or upon completion of a fuel transaction. Its core function is to ensure that the transfer of RINs is handled in a clear, standardized manner, thereby facilitating regulatory compliance and reducing the risk of disputes between parties.
Transfer of RINs by MSCG. For each gallon of ethanol provided by MSCG to TPSI for rack blending as described in Section 6.4.1, MSCG shall transfer to DCRC one Gallon-RIN meeting the criteria specified below. For avoidance of doubt, MSCG shall not be obligated to transfer any RINs to DCRC in connection with purchases of Finished Light Products from DCRC for resale to Customers other than at the Refinery truck rack. 6.4.2.1 All Gallon-RINs shall have a “D” code of “6”, pursuant to 40 C.F.R. § 80.1425(g). 6.4.2.2 All Gallon-RINs shall have been generated in the calendar year that the ethanol is delivered to the Refinery; provided, that during the months of January and February MSCG at its sole option may transfer Gallon-RINs generated in the calendar year preceding the year that the ethanol is delivered to the Refinery. 6.4.2.3 MSCG shall provide DCRC with written notice on or before December 31 of each year setting forth an estimate of the vintage year for the RINs MSCG anticipates transferring to DCRC in January and February of the following calendar year.
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Transfer of RINs by MSCG. For each gallon of ethanol provided by MSCG to TPSI for rack blending as described in Section 6.4.1, MSCG shall transfer to PBF one Gallon-RIN meeting the criteria specified below. For avoidance of doubt, MSCG shall not be obligated to transfer any RINs to PBF in connection with purchases of Finished Light Products from PBF for resale to Customers other than at the NuStar Terminal rack: 6.5.2.1 all Gallon-RINs shall have a “D” code of “6”, pursuant to 40 C.F.R. § 80.1425(g); and 6.5.2.2 all Gallon-RINs shall have been generated in the calendar year that the ethanol is provided to the NuStar Terminal; provided, that during the months of January and February MSCG at its sole option may transfer Gallon-RINs generated in the calendar year preceding the year that the ethanol is provided to the NuStar Terminal.
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Related to Transfer of RINs by MSCG

  • Transfer of Rights This Agreement shall be binding on any successors of the parties. Neither party shall have the right to assign its interests in this Agreement to any other party, unless the prior written consent of the other party is obtained.

  • Transfer of Agreement Without prior written consent of the WFOE, the Existing Shareholders or the Domestic Company may not assign its rights and obligations hereunder to any third party.

  • Transfer of risk The risk of loss of or damage to the Goods and/or Services shall pass from the Supplier to the Purchaser (i) upon the date of their acceptance if this is performed on the Purchaser’s premises in accordance with the provisions of Article 11, or if not (ii) upon delivery of the Goods at the named destination pursuant to the Incoterm ICC 2020 as defined in Article 7 above.

  • Transfer of License Notwithstanding the provisions of conditions 17.1 and 17.2, if Customer sells or transfers the Equipment in which the Software operates, Kodak shall offer to license the Software, and to provide services, to any bona fide end user (“Transferee”) pursuant to Kodak’s then current standard terms, conditions and fees, provided that the Transferee is not considered, in Kodak’s discretion, a competitor of Kodak or its parent, affiliates or subsidiaries. To the extent that the Software is licensed to a Transferee in accordance with this condition, Customer’s license to use the Software shall be deemed terminated. Kodak shall offer to provide de-installation services for the Customer and re-installation and certification for the Equipment and Software and services for the Transferee at Kodak’s then current applicable fees.

  • Transfer of Funds From such funds as may be available for the purpose in the relevant Fund Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of the Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank or broker-dealer as the Trust may designate.