RFS Program definition
Examples of RFS Program in a sentence
For the avoidance of doubt, if Deficient RINs are Q-RINs or B-RINs, notwithstanding the Buyer’s limited exemption under Section 80.1474 (e) or (f) of the RFS Program, the Seller shall Initiate Qualified Replacement RINs in a volume equal to the Deficient Quantity.
No consent, approval, Permit, Order, declaration or filing with, or notice to, any Governmental Authority is required by or with respect to Seller in connection with the execution and delivery of this Agreement or any of the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby, except for such as may be required under the RFS Program related to the transfer of the RIN Pathway.
Notwithstanding the foregoing, if Seller transfers Deficient RINs to Buyer, then to the extent such Deficient RINs are not invalid RINs under the RFS Program, but deficient for other reasons, Buyer shall be required to transfer such Deficient RINs back to Seller within three (3) business days of having received the Qualified Replacement RINs from Seller.
Renewable Fuel Standard (RFS) Program: Standards for 2023–2025 and Other Changes, 87 FR 80582 (December 30, 2022) (“2023–2025 RFS Set Rule”).
Bluesource shall engage a registered independent Third-Party auditor with an approved QAP pertaining to the Renewable Fuel pathway (the “QAP Provider”) to validate the RINs generated from the RIN Project(s) in accordance with the RFS Program.