Examples of Ethanol facility in a sentence
Subject to the terms and conditions in this Agreement, Cargill shall purchase from the Producer all of the Ethanol produced at the Ethanol Facility.
Producer intends to construct, own and operate a commercial facility at that will produce denatured fuel-grade ethanol (as such plant may be expanded or upgraded according to the terms of the Corn Supply Agreement, the “Ethanol Facility”), which Ethanol Facility is anticipated to produce approximately 100 million gallons per year.
Cargill and Client are parties to that certain Base Contract for the Purchase and Sale of Natural Gas dated as of the date hereof (together with the related Xxxxxxx Incorporated Special Provisions NAESB, the “NAESB Agreement”), pursuant to which Cargill has agreed to supply Client with Gas (as defined therein) for operation of Client’s Ethanol Facility.
Client may assign this Agreement to the Financing Parties as security for financing the Ethanol Facility.
Producer hereby agrees to sell to Cargill, and Cargill agrees to purchase and market, 100% of Producer’s production of denatured fuel-grade ethanol produced at the Ethanol Facility, including any ethanol that results from the future expansion of the Ethanol Facility (together, the “Ethanol”).
Notwithstanding the foregoing, (i) each Party may publish information regarding the Master Agreement or the Ethanol Facility with the express written consent of the other Party, which consent shall not be unreasonably withheld, and (ii) each Party may provide information with respect to the Master Agreement and the Ethanol Facility to its board members and equity owners consistent with its internal governance practices.
The hedging strategy and budget will be reviewed and updated by mutual agreement of the Parties at least sixty (60) days prior to the expected Start-Up Date for the Ethanol Facility, and thereafter on an annual basis at the times specified therein.
The Parties agree that Cargill shall have a right of first negotiation to provide the aggregate commercial arrangements similar to the Goods and Services provided in connection with the Ethanol Facility to any subsequently constructed ethanol plant owned or operated by Producer, ASA Holdings or any Affiliate thereof.
In the event that Producer increases the capacity of the Ethanol Facility pursuant to the installation of new or additional equipment, upon reasonable notice to Cargill, such additional volume shall be added to this Agreement and purchased by Cargill pursuant to the terms of this Agreement.
Producer shall at all times provide storage at the Ethanol Facility for Ethanol, in an amount not less than 1,500,000 gallons at any one time, at no cost to Cargill.