Corn Procurement Sample Clauses
The Corn Procurement clause outlines the terms and conditions under which corn is to be purchased by one party from another. It typically specifies details such as the quantity, quality standards, delivery schedules, and pricing mechanisms for the corn being procured. For example, it may require the supplier to deliver a certain grade of corn by specific dates and at agreed-upon prices. This clause ensures both parties have a clear understanding of their obligations, reducing the risk of disputes over supply, quality, or payment.
Corn Procurement. To procure the appropriate amount of corn to be processed at the Plant, Tenaska will provide bid prices to the marketplace and will contract with third parties to purchase corn and have such corn delivered directly to the Plant or to designated contracted third party facilities that may redeliver corn to the Plant as needed for production. Tenaska shall be the sole named purchaser on any contract to purchase corn as described herein, and NEDAK shall not be authorized to purchase corn on behalf of Tenaska for purposes of this Agreement. Tenaska shall be responsible for procuring all transportation related to transporting corn to the Plant. The Parties shall cooperate to schedule all transportation for deliveries of corn to the Plant. Tenaska shall utilize its best efforts to procure corn that meets the applicable Quality Specifications; provided, however, that from time to time, the Parties may agree to the procurement of lower quality corn which shall be subject to a discount schedule that is agreed to by the Parties. NEDAK ETHANOL, LLC HAS REQUESTED THAT THE PORTIONS OF THIS DOCUMENT DENOTED BY BOXES AND ASTERISKS BE ACCORDED CONFIDENTIAL TREATMENT PURSUANT TO RULE 24b-2 PROMULGA1ED UNDER THE SECURITIES EXCHANGE ACT OF 1934.
Corn Procurement