BKRF definition
Examples of BKRF in a sentence
Nothing in this paragraph shall limit the remedies of BKRF under Section 11.3(b) or Section 11.4.
For each Gallon of Product produced at the Project, BKRF shall generate a renewable identification number as specified and in accordance with 40 CFR Sections 80.1425 and 80.1426 (“RINs”), including a determination of the “D” code of each RIN as defined at 40 CFR Section 80.1425(g)(2).
Title to and custody of the Product will transfer from BKRF to Vitol at the Product Delivery Point.
Feedstock supplied to BKRF pursuant to this Agreement shall be in full compliance with Applicable Laws.
Should the quality of Product delivered by BKRF during the Term not meet the Product Specifications and Terms (“Off-Specification Product”), Vitol may accept or reject the Off-Specification Product.
At least five (5) days prior to any Person becoming a RCF Loan Party, if requested by Vitol, BKRF shall cause any such Person that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation (as defined in the RCF Agreement) and has not previously delivered a Beneficial Ownership Certification (as defined in the RCF Agreement) to deliver a Beneficial Ownership Certification to Vitol.
If an Event of Default has occurred and is continuing, Vitol will be entitled to draw upon the BKRF Credit Support for any damages arising from (a) such Event of Default or (b) any prior Event of Default to the extent that damages arising therefrom have not yet been paid in full to Vitol.
With respect to any Feedstock Delivery Shortfall Quantity, BKRF shall use commercially reasonable efforts to minimize incremental costs and value degradation and to mitigate its damages.
BKRF shall provide Vitol a “Product Transfer Document” that fulfills all of the requirements set forth in 40 CFR Section 80.1453.
Any obligation of Vitol to replace any Off-Specification Feedstock rejected by BKRF shall be an obligation of Vitol separate and apart from Vitol’s rights against any Feedstock Counterparty under a Third Party Feedstock Contract.