My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2012-091
CBCC
>
Official Documents
>
2010's
>
2012
>
2012-091
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/28/2015 11:43:46 AM
Creation date
10/1/2015 4:22:57 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Second Amendment
Approved Date
05/08/2012
Control Number
2012-091
Agenda Item Number
8.C.
Entity Name
INEOS New Planet BioEnergy
Subject
Feedstock Supply Agreement Second Amendment
Cash Deposit and Escrow Agreement
Archived Roll/Disk#
112-R-0001
Supplemental fields
SmeadsoftID
11136
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
3 . Amendment of Section 7. 4 of the Feedstock Agreement. Upon receipt of the <br /> cash deposit by District , section 7 . 4 of the Feedstock Agreement shall be deemed to be amended <br /> to permit Company to post the cash deposit in lieu of the letter of credit. At any time during the <br /> term of the Feedstock Agreement, Company shall be permitted to substitute the letter of credit <br /> described in section 7 . 4 for the cash deposit, and District shall return the cash deposit , <br /> with <br /> interest earned thereon , calculated at the effective Federal Funds Rate as listed on the Federal <br /> Reserve website, to Company. District shall be entitled to deduct from the returned amount , <br /> 10% of the interest earnings calculated above to cover administrative expenses incurred by <br /> District with respect to the escrowed funds . <br /> 4 . No Third Party Beneficiaries . The funds deposited hereunder shall exist for the <br /> sole benefit , protection and use of District . The funds shall not exist for the benefit , protection or <br /> use of any third party. <br /> 5 . Term. This Escrow Amendment shall terminate upon the earlier of: (a) the <br /> withdrawal or return of all escrowed funds , or ( b ) the expiration of the Feedstock Agreement, <br /> without default by Company . <br /> 6 . Full Force . Parties agree that , except as amended by this Escrow Amendment , <br /> related to the subject matter herein, the terms and provisions of the Feedstock Agreement shall <br /> remain in full force and effect . <br /> [ Signatures follow ] <br /> 2of3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.