CONSIDERING that FEEDER wishes to enter into a contract with the customer for the purchase of cattle for the benefit of livestock and for the maintenance and feeding of livestock, feeder being irrevocably eligible for all profits and responsible for all losses suffered by livestock under the conditions below; Since then, FITs have become widespread internationally. Japan, Germany and China have all used them successfully over the past decade and, in total, dozens of countries have used them in one way or another to promote the development of renewable energy. It is estimated that about three-quarters of the world‘s solar energy is linked to feed-in tariffs. Despite the effective role of feed-in tariffs in promoting the development of renewable energy, some countries are turning away from their dependence and instead seeking more market-oriented sources of support and greater control over renewable energy production. These include Germany and China, two of FIT‘s most famous successes. Nevertheless, FITs continue to play a crucial role in the development of renewable energy sources around the world. 5. The customer must withhold all the necessary funds from the proceeds of the sale to reimburse the customer for the following items; (a) The initial purchase price to the customer decreased from the “reserve” paid by FEEDER, as shown in paragraph 2 above. b) all food and care costs, including, but not limited, yardage costs, veterinary expenses and medical care for the dying during the feeding period, as long as these costs have not been paid by FEEDER. © the cost of the option to purchase or other CLIENT costs directly related to the actions taken by the CLIENT to protect the CLIENT‘s position. (d) interest on all amounts described in clauses (a) and c) at a variable interest rate equal to the cost of customers by the Co-Bank of Omaha, plus a .%. The effective interest rate at the beginning of this contract is — % and should vary depending on the interest rate of the variables charged by Co-Bank. Once the customer has been fully refunded as described above, the CLIENT pays the remaining balance to FEEDER.
If there is not enough revenue from the sale of cattle and the risk management options described above to reimburse the customer as described above, FEEDER will pay the CLIENT such a deficiency within 10 days. 3. The customer processes the cattle and determines the ration that should be brought to the cattle. The CLIENT does its best to properly feed and care livestock in its usual manner and provides veterinary and medical care to livestock at its sole discretion. In addition, during the feeding period, THE CLIENT will consider the following risk management options, which can be used to limit potential losses in the cattle market; (a) Hedging (b) Hedging by put-options © Forward Contracting (d) Any combination of a), b) or c) CLIENT will do its best to use the methods described above to limit potential market losses on livestock, but feeDER does not recognize any guarantee of limiting potential market losses on livestock due to volatile market conditions that may occur during the feed period.