Anticipated Biodiesel Gallonage definition

Anticipated Biodiesel Gallonage means, with respect to any month, the amount obtained by multiplying (i) the Anticipated Gallons Conversion Factor, by (ii) the quotient obtained by dividing the weight (in pounds) of the Owner’s Feedstock used by Beacon to produce Owner’s Product during such month by 7.5. If more than one (1) feedstock blend is used to produce Owner’s Product during any month, then the “Anticipated Biodiesel Gallonage” for such month shall be determined by separately calculating the Anticipated Biodiesel Gallonage for each feedstock blend used during such Production Period and aggregating the resulting amounts. The Anticipated Biodiesel Gallonage is the number of gallons of biodiesel that is expected to be produced by Beacon during each month based on the amount of feedstock that Beacon utilized during such month. By way of illustration (and without limiting the generality of the foregoing), if Beacon uses 2,800,000 pounds of “Feedstock Blend A” and 3,200,000 pounds of “Feedstock Blend B” to produce Owner’s Product during a month and the Anticipated Gallons Conversion Factor for Feedstock Blend A is 90% and the Anticipated Gallons Conversion Factor for Feedstock Blend B is 91.2%, then the Anticipated Biodiesel Gallonage for such Production Period is 725,120.
Sample 1

Related to Anticipated Biodiesel Gallonage

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