Common use of Transfer of RINs by MSCG Clause in Contracts

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.

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. 6.5.2.3 MSCG shall provide PBF 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 PBF in January and February of the following calendar year.