Humko definition
Examples of Humko in a sentence
As soon as reasonably practicable after shipment or pick-up of the Bionutrics Distillate Products, Rice Bran Oil Distillate, Derivative Products and Rice Bran Products ordered by Bionutrics pursuant to this Agreement, Humko will send an invoice on Humko's usual form to Bionutrics for such Bionutrics Distillate Products, Rice Bran Oil Distillate, Derivative Products and Rice Bran Products.
Humko will perform all of its obligations under this Agreement in such a manner and consistent with its other activities so that the Bionutrics Distillate Products, Rice Bran Oil Distillate, Derivative Products and Rice Bran Products meet the Specifications as required under this Agreement.
Humko will pay all taxes on all equipment, facilities, materials, and inventory (prior to its sale to Bionutrics) required for the performance of Humko's obligations under this Agreement.
As reasonably requested by Bionutrics, Humko will submit samples of the Bionutrics Distillate Products, Rice Bran Oil Distillate, Derivative Products and Rice Bran Products to Bionutrics at no cost to Bionutrics.
As used in this Agreement, the terms "Humko," "Agreement," "Effective Date," and "Bionutrics" shall have the meanings indicated above.
If Humko receives notice of any claim for which it considers Bionutrics responsible under this Section 11, Humko promptly will inform Bionutrics in writing.
Humko shall notify Bionutrics when distillate is available for pick up at one of the Humko Plants.
Humko assumes all risk of loss or damage to all the Bionutrics Distillate Products, Rice Bran Oil Distillate, Derivative Products and Rice Bran Products prior to delivery to Bionutrics in accordance with orders placed by Bionutrics pursuant to Sections 3.D and 3.E and other applicable terms of this Agreement.
In addition, unless otherwise agreed to in writing by Humko, Bionutrics shall be obligated to purchase its good faith projection of its requirements of Bionutrics Distillate Products for the following calendar year as set forth in the projection to the extent that Humko has obligated itself to produce any of same in accordance with the foregoing provisions.
If Humko notifies Bionutrics by March 15 of the same calendar year that Humko can deliver all such requirements for the Applicable One Year Period, then, unless otherwise agreed to in writing by Bionutrics, Humko shall be obligated to, subject to Section 10, and will sell such requirements to Bionutrics.