Common use of Underfills Clause in Contracts

Underfills. If the full amount of Method A Corn due for delivery as set forth in the notification from the Cooperative to Cargill is not delivered by Method A Members during the annual delivery period, the shortfall shall be referred to as the “Underfill.” The quantity of the Underfill will be purchased and delivered by Cargill on behalf of the Cooperative; provided, however, such purchased corn shall not be credited to the Method A Member’s account to which the Underfill is attributable.

Appears in 1 contract

Sources: Grain Services Agreement (Golden Growers Cooperative)

Underfills. If the full amount of Method A Corn due for delivery as set forth in the notification from the Cooperative to Cargill is not delivered by or on behalf of Method A Members during the annual delivery period, the shortfall shall be referred to as the “Underfill.” The quantity of the Underfill will be purchased and delivered by Cargill on behalf of the Cooperative; provided, however, such purchased corn shall not be Method A Member and credited to the Method A Member’s account to which Account. Cargill will notify Golden Growers of the Underfill is attributableamount. The provisions of this paragraph shall be effective for 2017 deliveries and throughout the remaining term of this Agreement.

Appears in 1 contract

Sources: Grain Services Agreement (Golden Growers Cooperative)