Macquarie Contracts Sample Clauses

Macquarie Contracts. If any Macquarie Permitted Feedstock Procurement Contract, Included Renewable Product Purchase Transaction, Included Sales Transaction or Included Permitted Feedstock Sales Transaction does not either (i) by its terms automatically become assigned to the Company on and as of the Termination Date in a manner which releases Macquarie from all obligations thereunder for all periods following the Termination Date or (ii) by its terms, expire or terminate on and as of the Termination Date, then the Parties shall promptly negotiate and enter into, with each of the then existing Third Party Suppliers and Customers, assignments, assumptions and/or such other documentation, in form and substance reasonably satisfactory to the Parties, pursuant to which, as of the Termination Date, (w) such Macquarie Permitted Feedstock Procurement Contract, Included Renewable Product Purchase Transaction, Included Sales Transaction or Included Permitted Feedstock Sales Transaction shall be assigned to the Company or shall be terminated, (x) all rights and obligations of Macquarie under each of the then outstanding Macquarie Permitted Feedstock Procurement Contract, Included Renewable Product Purchase Transaction, Included Sales Transaction or Included Permitted Feedstock Sales Transactions shall be assigned to the Company, (y) the Company shall assume all of such obligations to be paid or performed following such termination, and (z) Macquarie shall be released by such Third Party Suppliers, Customers and the Company from any further obligations thereunder. In connection with the assignment or reassignment of any Macquarie Permitted Feedstock Procurement Contract, Included Renewable Product Purchase Transaction, Included Sales Transaction or Included Permitted Feedstock Sales Transaction, the Parties shall endeavor, in a commercially reasonable manner, to facilitate the transitioning of the supply and payment arrangements, including any change in payment terms, under the relevant Macquarie Permitted Feedstock Procurement Contract, Included Renewable Product Purchase Transaction, Included Sales Transaction or Included Permitted Feedstock Sales Transaction so as to prevent any material disruption thereunder.