Renewable Identification Numbers. A. For Product classified as ethanol or biodiesel, Seller and Buyer must be registered with and approved by the United States Environmental Protection Agency (“EPA”) to buy and sell such Product with RINs. Buyer’s agreement to enter into an applicable Agreement with Seller is considered as Buyer’s confirmation that such EPA registration has been completed. “
Renewable Identification Numbers. Unless otherwise agreed to in the Contract, Seller retains ownership of all Renewable Identification Numbers (“RIN”) associated with this Contract, if any.
Renewable Identification Numbers. Unless set forth in the Special Provisions, no sale or transfer of Product under this Agreement shall result in the transfer of Renewable Identification Number credits, as that term is defined by the U.S. Environmental Protection Agency (EPA) statutes, rules and regulations applicable to the EPA Renewable Fuel Standard program.
Renewable Identification Numbers. Xxxxx shall be entitled to the benefits associated with all Renewable Identification Numbers (“RINs”) under the EPA Renewable Fuel Standards program in respect of the Products that are generated by Xxxxx or Xxxxxxxx at the Tulsa Refinery, including the Tulsa Rack, regardless of whether Xxxxx is the blender of record. Subject to Section 10.2, Xxxxxxxx shall be entitled to the benefits associated with all other RINs generated by Xxxxxxxx’x blending activities that occur after delivery of the Products by Xxxxx to Xxxxxxxx. For the avoidance of doubt, subject to Section 10.2, Xxxxxxxx shall be entitled to the benefits associated with all RINs in respect of the Products that are generated at the Magellan Pipeline.
Renewable Identification Numbers. (RINs). By the twentieth (20th) day of the month following the end of each calendar month, BUYER shall prepare and forward to MPC a transfer document transferring a quantity of RINs equal to the number of gallons of Blend-Grade Gasoline purchased by BUYER from MPC pursuant to this Addendum for the prior calendar month divided by nine (9), plus the number of gallons of biodiesel blended into Blend-Grade Distillate purchased by BUYER from MPC pursuant to this Addendum for the prior calendar month multiplied by one and one-half (1.5). All RINs shall be transferred via a Product Transfer Document that is compliant with 40 CFR 80.1453 and shall be entered into the EPA Moderated Transaction System (EMTS) in accordance with 40 CFR 80.1452. For Blend-Grade Gasoline and Blend-Grade Distillate delivered between January 1 and January 31, transferred RINs shall have been generated in the year of transfer or in the previous year. For Blend- Grade Gasoline and Blend-Grade Distillate delivered between February 1 and December 31, transferred RINs will be generated in the year of transfer. All transferred RINs will be unassigned RINs (K code = 2), and RINs transferred for biodiesel blending shall be biomass-based diesel RINs (D code = 4 or 7). In the event that any transferred RINs are later determined to be invalid RINs within the meaning of 40 CFR 80.1431, or to have been retired prior to the title transfer date, then BUYER shall transfer an equal amount of valid, unretired replacement RINs to MPC by the twentieth (20th) day of the month following the calendar month in which the transferred RINs were determined to be invalid or retired.
Renewable Identification Numbers. If RINs are transferred in connection with the purchase or sale of Product hereunder, the transfer of RINS shall be governed by the terms of the RIN GTCs provided that:
Renewable Identification Numbers. A. For Product classified as ethanol or biodiesel, Seller and Bu yer m ust be registered with and approved by the United States Environm ental Protection Agency (“EPA”) to buy and sell such Product with RINs. Buyer’s agreem ent to enter into an applicable Agreem ent with Seller is considered as Buyer’s confirm ation that such EPA registration has been com pleted. “RIN” m eans Renewable Identification Num ber that com plies with the rules and regulations relating to the current Renewable Fuel Standard (“RFS2”) of the Environm ental Protection Agency.
Renewable Identification Numbers. Agri-Energy shall accurately and timely assign Renewable Identification Numbers (singly, a “RIN” and, collectively, “RINs”) for all ethanol delivered hereunder with the equivalency value of 1.0 for corn ethanol and for all isobutanol delivered hereunder with the equivalency value of 1.3 for corn isobutanol. Such RINs shall comply with the rules and regulations promulgated by the Environmental Protection Agency pursuant to the Renewable Fuels Standard (as it may hereafter be amended, restated or modified). Simultaneously with the transfer of title to any ethanol or isobutanol from Agri-Energy to Eco hereunder (on invoice), Agri-Energy shall accurately assign and transfer the RIN or RINs for such ethanol or isobutanol to Eco. Alternatively, if it is later determined feasible, Agri-Energy shall permit Eco to generate, assign and transfer the RIN or RINs for such ethanol or isobutanol, acting as an Agent on behalf of Agri-Energy, including, without limitation, the creation and delivery of all necessary product transfer documents as required under applicable federal laws and regulations through the EPA EMTS. Upon request, Eco shall provide Agri-Energy with a transaction summary of all quarterly transactions; however, Agri-Energy shall remain responsible and accountable for the correct report submission of such required reports to the EPA.
Renewable Identification Numbers. Lincolnway shall permit Eco, as agent of Lincolnway, to generate, assign and transfer the Renewable Identification Numbers (singly, a "RIN", and collectively, "RINs") for all ethanol delivered hereunder, on behalf of Lincolnway, including the creation and delivery of all necessary product transfer documents as required under all applicable federal laws and regulations through the EPA EMTS. The RINs shall be accurately and timely assigned for all ethanol by Eco and shall use an equivalency value of 1.0 for corn ethanol and 2.5 for cellulosic ethanol; provided that Eco acknowledges that Lincolnway currently only produces ethanol from corn. Such RINs shall also comply with the rules and regulations promulgated by the Environmental Protection Agency pursuant to the Renewable Fuels Standard (as it may hereafter be amended, restated or modified). Eco shall provide Lincolnway with a transaction summary of all quarterly transactions; however, Lincolnway shall remain responsible and accountable for the correct report submission of such required reports to the EPA.
Renewable Identification Numbers. HLBE shall accurately and timely assign Renewable Identification Numbers (singly, a “RIN” and, collectively, “RINs”) for all ethanol delivered hereunder with the equivalency value of 1.0 for corn ethanol. Such RINs shall comply with the rules and regulations promulgated by the Environmental Protection Agency pursuant to the Renewable Fuels Standard (as it may hereafter be amended, restated or modified). Simultaneously with the transfer of title to any ethanol from HLBE to Eco hereunder (on invoice), HLBE shall accurately assign and transfer the RIN or RINs for such ethanol to Eco. Alternatively, if it is later determined feasible, HLBE shall permit Eco to generate, assign and transfer the RIN or RINs for such ethanol, acting as an Agent on behalf of HLBE, including, without limitation, the creation and delivery of all necessary product transfer documents as required under applicable federal laws and regulations through the EPA EMTS. Upon request, Eco shall provide HLBE with a transaction summary of all quarterly transactions; however, HLBE shall remain responsible and accountable for the correct report submission of such required reports to the EPA. If the opportunity is available to create a value from buying or selling RINs that were generated by HLBE and transferred to Eco, (i) Eco will advise HLBE of such opportunity and (ii) Eco and HLBE will strategize together how to optimize the opportunity, then (iii) any profit generated from such activity will be shared equally by both parties. Eco is obligated to provide HLBE with undenatured export offers on a continuous basis during the Term in an effort to assist HLBE in managing its Renewable Identification Number (RIN) regulatory requirements.
