PROCUREMENT FEE. For the first four (4) years of the Corn Procurement Term, GFCEP will pay FCE a Corn procurement and delivery fee of $0.05 per bushel of Corn delivered pursuant to Title 3 of this Agreement (the "Procurement Fee"). Beginning on the fourth (4th) year anniversary of the Corn Procurement Term, the Procurement Fee shall be increased to 5.5 cents per bushel of Corn delivered. Beginning on the eighth (8th) year anniversary of the Corn Procurement Term, the Procurement Fee shall be increased to 6 cents per bushel of Corn delivered.
Appears in 2 contracts
Sources: Grain Procurement Agreement (Granite Falls Community Ethanol Plant LLC), Grain Procurement Agreement (Granite Falls Community Ethanol Plant LLC)