Common use of Specified RIN Transactions Clause in Contracts

Specified RIN Transactions. Without prejudice to Buyer’s rights to rely on the Seller’s representation and warranties given under this Agreement, where a Transaction specifies a specific Generator, Facility or Batch Number (a “Specified RIN Transaction”, and any RIN subject to such a Transaction, a “Specified RIN”) and unless otherwise agreed by the Parties in writing, Seller shall Initiate such Specified RINs, and Buyer shall accept such Specified RINs; provided, however, that if the Specified RINs are invalid or there is a reasonable prospect that the RINs will be invalid under Section 80.1431(a) of the RFS Program before Buyer accepts them in EMTS, then Buyer shall have the right to deny such RINs in accordance with Section 2.3 above.

Appears in 2 contracts

Sources: Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers, Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers

Specified RIN Transactions. Without prejudice to Buyer’s rights to rely on the Seller’s representation and warranties given under this Agreement, where a Transaction specifies a specific Generator, Facility or Batch Number (a “Specified RIN Transaction”, and any RIN subject to such a Transaction, a “Specified RIN”) and unless otherwise agreed by the Parties in writing, Seller shall Initiate such Specified RINs, and Buyer shall accept such Specified RINs; provided, however, that if the Specified RINs are invalid or there is a reasonable prospect that the RINs will be invalid under Section 80.1431(a) of the RFS Program before Buyer ▇▇▇▇▇ accepts them in EMTS, then Buyer shall have the right to deny such RINs in accordance with Section 2.3 above.

Appears in 1 contract

Sources: Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers