High Purity definition
Examples of High Purity in a sentence
Member shall inspect any designated shipping container, rail car, and/or tank truck prior to loading to confirm it is suitable to transport the High Purity Alcohol and maintain its quantity and quality of High Purity Alcohol as delivered by Member.
Subject to Section 1, Member shall sell to RPMG and RPMG shall purchase and market all High Purity Alcohol produced by Member at the Facility during the term of this Agreement.
The High Purity Alcohol will be marketed by RPMG as described in Section 9.
Title to the High Purity Alcohol shall pass to RPMG when delivered as provided in this Section 5.
Member represents that it will have good and marketable title to all of the High Purity Alcohol marketed for it by RPMG and that all High Purity Alcohol delivered will be free and clear of all liens and encumbrances.
When RPMG identifies a purchaser for Member’s High Purity Alcohol, RPMG shall forward a confirmation of the volume, FOB sales price, and other terms to Member by SharePoint, email, or other written or electronic communication means (“Confirmation”).
RPMG shall pay Member in an amount equal to the FOB price on each Confirmation multiplied by the number of gallons of High Purity Alcohol delivered by Member for the period to RPMG less any applicable costs allocated to the gallons (the “Netback Price”).
RPMG shall, subject to the terms and conditions of this Agreement, be the sole marketing representative for the entire High Purity Alcohol production of Member at the Facility during the term of this Agreement other than Member’s High Purity Alcohol marketed or sold under contracts with Member in effect on the Effective Date which will be excluded from the Agreement while those contracts are in effect.
All of the High Purity Alcohol produced by Member at the Facility for marketing by RPMG will, when delivered to a common carrier by Member, conform to High Purity Alcohol specifications or products derived from High Purity Alcohol specifications in Exhibit A.
If the breach involves a failure to market and distribute High Purity Alcohol as required by this Agreement, then the breaching party will have five (5) days after receiving the written notice to cure the breach.