RINS. During the Inventory Process, Buyer shall have the right, along with the Seller, to verify that the number of RINs generated from the Ethanol Plant’s inventory of finished Ethanol that makes up the Product Inventory matches the volume of finished Ethanol that makes up the Product Inventory (as determined pursuant to the measurement procedures herein). If there are any discrepancies between the number of RINs and the final volume of finished Ethanol, Seller and Buyer shall resolve the discrepancy, which may include Seller acquisition of additional RINs if there is a shortfall.
RINS. For all applicable Products delivered under this Agreement PBF shall be entitled to and Sunoco shall convey, all D6 Renewable Fuel RINs generated by Sunoco from subsequent blending of PBF’s produced applicable Products with ethanol or biofuel, per applicable EPA regulations. Sunoco shall not be obligated to provide RINs for any volumes for which Sunoco is not the downstream blender of record.
RINS. As of the Effective Date, the Parties anticipate that each Gallon of Renewable Diesel sold and purchased hereunder shall have one and seven-tenths (1.7) times the associated Renewable Identification Numbers (“RINs”) in which the "RR" component of each RIN, as defined at 40 CFR Section 80.1425(f), has a value of 17, in accordance with calculation contemplated under 40 CFR Section 80.1425(f) and 40 CFR Section 80.1415(b)(4), and the "D" code of each RIN as defined at 40 CFR Section 80.1425(g)(2) has a value of 4.
RINS. If, for any reason, Xxxxxxxx is unable to obtain renewable identification numbers associated with the sale of RNG for a period of 60 days, after the initial validation of the dairy pathway. Notwithstanding the foregoing, the 60-day period shall be extended for so long as reasonably required up to a maximum of 120 days to allow the Environmental Protection Agency to complete its verification process.
RINS. If, for any reason, Bxxxxxxx is unable to obtain renewable identification numbers associated with the sale of RNG for a period of 60 days. Notwithstanding the foregoing, the 60 day period shall be extended for so long as reasonably required up to a maximum of 120 days to allow the Environmental Protection Agency to complete its verification process.
RINS. Seller warrants that: (i) RINs have been lawfully generated and assigned to all Biodiesel produced and sold hereunder; and (ii) Seller holds and shall transfer to Purchaser legal and equitable title to such RINs at the time of sale of the corresponding Biodiesel. Purchaser shall hold Seller harmless and indemnify Seller for all claims, damages, losses, or penalties incurred by Seller, including, but not limited to, reasonable attorney fees and costs, in the event that the EPA invalidates any RINs which are generated and attached to Biodiesel sold hereunder because the related feedstock (a) does not comply with the approved fuel pathways under applicable EPA regulations, or (b) otherwise does not conform to the specifications under the Feedstock Agreement. In the event the RINs are invalidated for any other reason, Purchaser shall have no indemnification obligation to Seller.
RINS. (A) Nothing in the S&O Agreement or any of the Transaction Documents shall be interpreted or deemed to impart any responsibility to Xxxx to comply with Renewable Fuel Standards (including requirements therein for RVOs and RINs) as an “obligated party” pursuant to 40 C.F.R. Part 80, as amended from time to time, by virtue of the transactions contemplated by this Agreement and the S&O Agreement. Notwithstanding any other terms or provisions of the S&O Agreement, in all transactions under the S&O Agreement and the other Transaction Documents, the Company has complied and shall comply with Renewable Fuel Standards (including requirements therein for RVOs and RINs) as an “obligated party” pursuant to 40 C.F.R. Part 80, as amended from time to time and remains solely responsible for the proper accounting of RINS, as well as the replacement of any invalid RINs that are required in connection with such obligation or any other activities or transactions of the Company and any and all costs and expenses associated therewith. The Company has registered with the EPA under a separate company identification number (the “Company ID”) and established an account in the CDX and EMTS under the Company ID (“EMTS Account”), provided that, commencing January 1, 2018, Par Pacific shall register for itself and its subsidiaries under a single identification number, with allocations to its subsidiaries, including the Company. Any RINs allocated to the Company in the foregoing manner shall be the property of the Company and constitute part of the Collateral hereunder. Promptly following the submission of annual reports by Par Pacific into its CDX Account on or around March 31 of each year, the Company shall provide copies of all such reports to Xxxx. In addition, the Company shall, from time to time upon the reasonable request of Xxxx, (i) provide or cause Par Pacific to provide to Xxxx such further confirmation of the RINs allocated to and owned by the Company, (ii) execute such further documents and instruments and take such further actions to confirm the status of such RINs as part of the Collateral hereunder, and (iii) endeavor to obtain from such other creditors of Par Pacific or its subsidiaries, additional acknowledgements or other agreements recognizing that RINs allocated to the Company in the foregoing manner constitute property of the Company and accordingly are part of the Collateral hereunder.
RINS. (a) The Company shall maintain an EMTS Account with EPA’s Central Data Exchange, EMTS. The Company’s company name in EMTS is “Vertex Renewables Alabama, LLC” and identifier is 2215. The Company will earn and hold RINs for its account from time to time with respect to sales of Renewable Product by the Company to third parties in its EMTS Account, which RINs are held, or imputed to be held or credited, for the account of the Company. At all times from and after the Commencement Date (RINs / BTCs), all such RINs held by, or imputed to be held or credited for the account of, the Company shall be subject to a perfected Lien in favor of Macquarie, from and after the occurrence and during the continuance of an Event of Default in respect of the Company, as further described in the Pledge and Security Agreement, pursuant to the Lien Documents to secure all of the Transaction Obligations.
RINS. Subject to the occurrence of the Commencement Date (RINs/BTCs), at any time after the occurrence and during the continuation of an Event of Default (and without limiting any other rights or remedies of Secured Party hereunder, under any other Transaction Document or otherwise), the Company agrees that, upon the request of Secured Party, it will promptly execute such documents and take such actions as Secured Party deems necessary or appropriate to enable Secured Party to execute transactions relating to the RINS associated with any renewable fuels that are part of the Collateral hereunder, including, without limitation, appointment of an entity designated by Secured Party as authorized to execute transactions on the EMTS system and enter into product transfer documents or similar agreements for the transfer of RINs.
RINS. RINs that are required by law or regulation to be conveyed with Ethanol in connection with the sale to Buyer shall be considered to be included in the conveyance of Ethanol under this Agreement, regardless of whether such RIN is specifically identified in the Transaction proposed or Bid delivered to Seller under Section 8.1, and any price offered or paid in connection with Ethanol shall be deemed to include the acquisition of such required RINs. Seller is required to sell and convey to Buyer such required RINs contemporaneously with the Delivery of Ethanol and to record or execute such changes in applicable registry accounts as are necessary to convey such RINs with the Ethanol. RINs conveyed in a sale of Ethanol to Buyer under this paragraph may not be separately retained, sold or conveyed by Buyer (or obtained as rebates from third-party customers in connection with a sale of Ethanol) without prior notice to and compensation of Seller as specified in a Bid.
