Common use of Avoidable Reversals Clause in Contracts

Avoidable Reversals. If the Reserve determines that a Reversal has occurred due to any one or more of the following occurrences: (i) the Project Owner voluntarily terminates the project prior to the end of the Term, including any extension thereof; (ii) the Project Owner ceases to timely perform all required monitoring and verification for a period longer than thirty (30) days after such monitoring and verification was required to be completed; (iii) any activity occurs within the Property that leads to a significant disruption of soil carbon, including, without limitation, cropping activities (the conversion to crop land), eminent domain, mining or drilling activities, or installation of wind turbines; (iv) a natural disturbance occurs to the soil carbon within the Property that the Reserve reasonably determines to have been caused or made worse by the Grassland Owner’s or Project Owner’s negligence, gross negligence, willful act, or intentional mismanagement of the Property as grassland (each, an “Avoidable Reversal”), then: (1) the Reserve shall deliver written notice to Project Owner of the Avoidable Reversal (“Avoidable Reversal Notice”); and (2) Project Owner shall: (i) within thirty (30) days of receiving the Avoidable Reversal Notice, provide a written description and explanation of the Reversal to the Reserve, which explanation shall include a map, of a scale and detail reasonably acceptable to the Reserve, delineating the affected areas; and (ii) within one-hundred-and-twenty (120) days of receiving the Avoidable Reversal Notice, Retire a quantity of Eligible CRTs as calculated pursuant to Equation 5.14 of the Grassland Project Protocol, which Eligible CRTs shall then be designated in the Reserve software as compensating for an Avoidable Reversal.

Avoidable Reversals. If the Reserve determines that a Reversal has occurred due to any one or more of the following occurrences: (i) the Project Owner voluntarily terminates the project prior to the end of the Term, including any extension thereof; (ii) the Project Owner ceases to timely perform all required monitoring and verification for a period longer than thirty (30) days after such monitoring and verification was required to be completed; (iii) any activity occurs within the Property that leads to a significant disruption of soil carbon, including, without limitation, cropping activities (the conversion to crop land), eminent domain, mining or drilling activities, or installation of wind turbines; (iv) a natural disturbance occurs to the soil carbon within the Property that the Reserve reasonably determines to have been caused or made worse by the Grassland Owner’s or Project Owner’s negligence, gross negligence, willful act, or intentional mismanagement of the Property as grassland (each, an “Avoidable Reversal”), then: (1) the Reserve shall deliver written notice to Project Owner of the Avoidable Reversal (“Avoidable Reversal Notice”); and (2) Project Owner shall: (i) within thirty (30) days of receiving the Avoidable Reversal Notice, provide a written description and explanation of the Reversal to the Reserve, which explanation shall include a map, of a scale and detail reasonably acceptable to the Reserve, delineating the affected areas; and (ii) within one-hundred-and-twenty (120) days of receiving the Avoidable Reversal Notice, Retire transfer a quantity of Eligible CRTs as calculated pursuant to Equation 5.14 of the Grassland Project Protocol, which Eligible CRTs shall then be Retired by the Reserve and shall be designated in the Reserve software as compensating for an Avoidable Reversal.

Avoidable Reversals. If the Reserve determines that a Reversal has occurred due to any one or more of the following occurrences: (i) the Project Owner voluntarily terminates the project prior to the end of the Term, including any extension thereof; (ii) the Project Owner ceases to timely perform all required monitoring and verification for a period longer than thirty (30) days after such monitoring and verification was required to be completed; (iii) any activity occurs within the Property that leads to a significant disruption of soil carbon, including, without limitation, cropping activities (the conversion to crop land)intensive tillage, eminent domain, or mining or drilling activities, or installation of wind turbines; (iv) a natural disturbance occurs to the soil carbon within the Property that the Reserve reasonably determines to have been caused or made worse by the Grassland OwnerField Manager(s)’s or Project Owner’s negligence, gross negligence, willful act, or intentional mismanagement of the Property as grassland (each, an “Avoidable Reversal”), then: (1) the Reserve shall deliver written notice to Project Owner of the Avoidable Reversal (“Avoidable Reversal Notice”); and (2) Project Owner shall: (i) within thirty (30) days one year of receiving the Avoidable Reversal Notice, provide a written description and explanation of the Reversal to the Reserve, which explanation shall include a map, of a scale and detail reasonably acceptable to the Reserve, delineating the affected areas; and (ii) within one-hundred-and-twenty (120) days upon confirmation by the Reserve of receiving the Avoidable Reversal Noticecalculation of the quantity of reversible reductions impacted by the Reversal, Retire a quantity of Eligible CRTs as calculated pursuant to Equation 5.14 5.5 of the Grassland Project Soil Enrichment Protocol, which Eligible CRTs shall then be designated in the Reserve software as compensating for an Avoidable Reversal.

Avoidable Reversals. If the Reserve determines that a Reversal has occurred due to any one or more of the following occurrences: (i) the Project Owner voluntarily terminates the project prior to the end of the Term, including any extension thereof; (ii) the Project Owner ceases to timely perform all required monitoring and verification for a period longer than thirty (30) days after such monitoring and verification was required to be completed; (iii) any activity occurs within the Property that leads to a significant disruption of soil carbon, including, without limitation, cropping activities (the conversion to crop land), eminent domain, mining or drilling activities, or installation of wind turbines; (iv) a natural disturbance occurs to the soil carbon within the Property that the Reserve reasonably determines to have been caused or made worse by the Grassland Owner’s or Project Owner’s negligence, gross negligence, willful act, or intentional mismanagement of the Property as grassland (each, an “Avoidable Reversal”), then: (1) the Reserve shall deliver written notice to Project Owner of the Avoidable Reversal (“Avoidable Reversal Notice”); and (2) Project Owner shall: (i) within thirty (30) days of receiving the Avoidable Reversal Notice, provide a written description and explanation of the Reversal to the Reserve, which explanation shall include a map, of a scale and detail reasonably acceptable to the Reserve, delineating the affected areas; and (ii) within one-hundred-and-twenty (120) days of receiving the Avoidable Reversal Notice, Retire a quantity of Eligible CRTs as calculated pursuant to Equation 5.14 of the Grassland Project Protocol, which Eligible CRTs shall then be designated in the Reserve software as compensating for an Avoidable Reversal.

Avoidable Reversals. If the Reserve determines that a Reversal has occurred due to any one or more of the following occurrences: (i) the Project Owner voluntarily terminates the project prior to the end of the Term, including any extension thereof; (ii) the Project Owner ceases to timely perform all required monitoring and verification for a period longer than thirty (30) days after such monitoring and verification was required to be completed; (iii) any activity occurs within the Property that leads to a significant disruption of soil carbon, including, without limitation, cropping activities (the conversion to crop land), eminent domain, or mining or and drilling activities, or installation of wind turbines; (iv) a natural disturbance occurs to the soil carbon within the Property that the Reserve reasonably determines to have been caused or made worse by the Grassland Owner’s or Project Owner’s negligence, gross negligence, willful act, or intentional mismanagement of the Property as grassland (each, an “Avoidable Reversal”), then: (1) the Reserve shall deliver written notice to Project Owner of the Avoidable Reversal (“Avoidable Reversal Notice”); andand‌ (2) Project Owner shall: (i) within thirty (30) days of receiving the Avoidable Reversal Notice, provide a written description and explanation of the Reversal to the Reserve, which explanation shall include a map, of a scale and detail reasonably acceptable to the Reserve, delineating the affected areas; and (ii) within one-hundred-and-twenty (120) days of receiving the Avoidable Reversal Notice, Retire a quantity of Eligible CRTs as calculated pursuant to Equation 5.14 5.18 of the Canada Grassland Project Protocol, which Eligible CRTs shall then be designated in the Reserve software as compensating for an Avoidable Reversal.

Avoidable Reversals. If the Reserve determines that a Reversal has occurred due to any one or more of the following occurrences: (i) the Project Owner voluntarily terminates the project prior to the end of the Term, including any extension thereof; (ii) the Project Owner ceases to timely perform all required monitoring and verification for a period longer than thirty (30) days after such monitoring and verification was required to be completed; (iii) any activity occurs within the Property that leads to a significant disruption of soil carbon, including, without limitation, cropping activities (the conversion to crop land), eminent domain, or mining or and drilling activities, or installation of wind turbines; (iv) a natural disturbance occurs to the soil carbon within the Property that the Reserve reasonably determines to have been caused or made worse by the Grassland Owner’s or Project Owner’s negligence, gross negligence, willful act, or intentional mismanagement of the Property as grassland (each, an “Avoidable Reversal”), then: (1) the Reserve shall deliver written notice to Project Owner of the Avoidable Reversal (“Avoidable Reversal Notice”); and (2) Project Owner shall: (i) within thirty (30) days of receiving the Avoidable Reversal Notice, provide a written description and explanation of the Reversal to the Reserve, which explanation shall include a map, of a scale and detail reasonably acceptable to the Reserve, delineating the affected areas; and (ii) within one-hundred-and-twenty (120) days of receiving the Avoidable Reversal Notice, Retire a quantity of Eligible CRTs as calculated pursuant to Equation 5.14 5.18 of the Canada Grassland Project Protocol, which Eligible CRTs shall then be designated in the Reserve software as compensating for an Avoidable Reversal.