Payout Value. The CCS Payments made to Payee for any calendar quarter shall be calculated by multiplying 27.5% times the Net CCS Benefit during such quarter (the “CCS Payments”). Payee acknowledges that the Carbon Value of ethanol in the LCFS market will vary depending on the price of carbon credits sold in the LCFS market.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Green Plains Inc.), Asset Purchase Agreement (Green Plains Inc.)