Allocation of Product Sourced from CF Sample Clauses

Allocation of Product Sourced from CF. For purposes of CF patronage and the CF base capital plan, CHS and LOL will allocate between themselves nitrogen product purchased from CF on the basis described herein. For purposes of this section, Farmland and CF shall each have an annual "base level" of product to be supplied to the Company as follows: Nitrogen Products (on a total N basis) -------------------------------------- Farmland - 2,998,000 tons annually CF - 1,831,000 tons annually The base percentage split between the Members ("Base Percentage Split"), for all CF-sourced nitrogen product (on a total N basis) shall be LOL 61.8% and CHS 38.2%. The Base Percentage Split shall apply to all nitrogen product sourced from CF in any fiscal year up to the CF base level. For CF-sourced product over the base level and to the extent such increase results from an increase in produced tons available to the Company, LOL shall receive credit for 100% of such product, but only to the extent that Farmland-sourced product exceeds Farmland's base level as a result of an increase in Farmland production being sold to the Company; provided that this sentence shall apply only in the case of a merger between Farmland and CHS or other combination resulting in the participation by CHS in the economic results of the Farmland fertilizer production business and, if no such merger or other combination has occurred the Parties will renegotiate the terms of this sentence to protect the rights of all Members to participate in such increase in sourcing and production on an equitable basis. To the extent that CF-sourced product exceeds the CF base level by more tons than the Farmland-sourced product exceeds the Farmland base level, the CF-sourced product shall be subject to the Base Percentage Split between CHS and LOL.
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Related to Allocation of Product Sourced from CF

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