Fats and Oils Offtake Sample Clauses

Fats and Oils Offtake. The Licensor shall have the right to purchase any fats and/or oils produced by the Licensee that are not directly refined by the Licensee into biofuel, at a rate equal to SIXTY PERCENT (60%) of the Diesel Spot price for the day of each shipment, as indicated by the federal government found on the “Energy Information Administration” website (xxxx://xxxxx.xxx.xxx.xxx/dnav/pet/pet_ pri_spt_s1_d.htm) (the spot price for diesel fuel will be based on the average of the daily closing New York Harbor and U.S. Gulf Coast spot prices for diesel fuel for the day of each shipment and shall be referred to herein as the “Diesel Spot”).
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