Biomethane definition
Examples of Biomethane in a sentence
Based on Buyer’s data regarding ▇▇▇▇▇’s use of the Biomethane to create and dispense Vehicle Fuel, by the 25th day of the month following delivery month Seller shall determine the number of RINs eligible to be generated and communicate such number to Buyer (using data in accordance with Section 80.1426 of the RFS regulation).
Seller is obligated to generate all LCFS Credits corresponding to Buyer’s use of the Biomethane to create and dispense Vehicle Fuel.
Seller shall pay Buyer the Buyer Percentages on or before the last business day of the fourth month following a calendar quarter of Biomethane deliveries.
By the close of business on the 30th day of the month following delivery calendar quarter, Buyer shall prepare and deliver to Seller a report of Vehicle Fuel meter reads detailing the amount of (1) Vehicle Fuel dispensed to Buyer’s customers and (2) the amount of Biomethane Seller delivered to Buyer at the Delivery Point in the previous quarter.
Seller acknowledges that certain government authorities may require Buyer to deliver information or comply with regulations related to this Agreement Documents, including reporting, registering, tracking, allocating for or accounting for Biomethane attributes, emissions or credits.