Carbon Dioxide Sequestration Sample Clauses

Carbon Dioxide Sequestration. From the Enhance Commercial Operation Date until the end of the Term, the Recipients shall implement a measurement, monitoring and verification plan as part of the Project, and as more particularly described in the Project Plan, that will accurately (having regard to the then state of knowledge in respect thereof): (a) measure the mass of carbon dioxide: (i) captured and delivered from the NWU plant facility and the Agrium plant facility (as identified in the Project Plan) to Enhance’s pipeline (as identified in the Project Plan) for geological sequestration; and (ii) injected into the target geological formation (as identified in the Project Plan); (b) monitor and track the location and movement of the sequestered carbon dioxide plume, including any movement of carbon dioxide out of the target geological formation; and (c) monitor for and measure the mass of carbon dioxide that: (i) fails to reach the target geological formation upon injection; or (ii) escapes or is extracted from the subsurface (including without limitation as a consequence of the commingling of carbon dioxide with oil recovered in any carbon dioxide flood enhanced oil recovery operation); in accordance with, and in order of preference in the event of a conflict between any of the following: (d) any prevailing standards established by law, including without limitation the requirements of any competent regulatory authority; (e) applicable methods derived from the measurement, monitoring and verification of the geological sequestration or storage of carbon dioxide or other compounds in other projects worldwide; and (f) applicable methods derived from ongoing scientific inquiry and technological advancement, whether by the Recipients or other persons. Such measurement, monitoring and verification plan shall continually evolve during the conduct of the Project to account for the Recipients’ experiences and learnings in carrying out the Project and to account for any developments arising from the requirements, standards and methods, as the case may be, referenced in clauses (d) through (f) above. At all times, the measurement, monitoring and verification plan shall be developed, implemented and amended to the satisfaction of the Province, acting reasonably.
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Carbon Dioxide Sequestration. Upon Commercial Operation and until the end of the Term, the Recipients shall implement a measurement, monitoring and verification plan as part of the Project, and as more particularly described in the Project Plan, that will: (a) measure the mass of carbon dioxide injected into the target geological formation (as identified in the Project Plan); (b) monitor and track the location and movement of the sequestered carbon dioxide plume, including any movement of carbon dioxide out of the target geological formation; and (c) monitor for and measure the mass of injected carbon dioxide that: (i) fails to reach the target geological formation upon injection; or (ii) escapes or is extracted from the subsurface; in accordance with prevailing standards established by Applicable Law. Such measurement, monitoring and verification plan may continually evolve during the conduct of the Project to account for the Recipients’ experiences and learnings in carrying out the Project and must account for any changes in standards established by Applicable Law.
Sample 1

Related to Carbon Dioxide Sequestration

  • Seizure all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

  • Analogous proceedings there occurs, in relation to any Security Party, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.6 to 10.1.12 (inclusive) or any Security Party otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

  • Seizures Any portion of the Collateral shall be seized or taken by a Governmental Body, or any Borrower or any Guarantor or the title and rights of any Borrower, any Guarantor or any Original Owner which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit or other proceeding which might, in the opinion of Agent, upon final determination, result in impairment or loss of the security provided by this Agreement or the Other Documents;

  • Expropriation Neither Party shall expropriate or nationalize, either directly or indirectly through measures equivalent to expropriation or nationalization (hereinafter referred to as "expropriation") against investments of investors of the other Party in its territory, unless the following conditions are met: (a) for the public interest (15); (b) under domestic legal procedure; (c) without discrimination; and (d) against compensation.

  • Analogous Events Anything analogous to or having a substantially similar effect to any of the events specified in Clauses 11.1.5 to 11.1.9 shall occur under the laws of any applicable jurisdiction.

  • Liquidator Upon dissolution of the Company, the Manager shall select one or more Persons to act as Liquidator. In the case of a dissolution of the Company, (i) the Liquidator (if other than the Manager) shall be entitled to receive such compensation for its services as may be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (ii) the Liquidator (if other than the Manager) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation; (iii) upon dissolution, death, incapacity, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be separately approved by the affirmative vote of the holders of not less than a majority of the Common Shares then Outstanding entitled to vote on such liquidation. The right to approve a successor or substitute Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article VIII, the Liquidator approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Manager and its officers under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and during the period of time required to complete the winding up and liquidation of the Company as provided for herein. In the case of a termination of the Company, other than in connection with a dissolution of the Company, the Manager shall act as Liquidator.

  • No Expropriation No property or asset of the Company (including any Property or Mineral Rights) has been taken or expropriated by any Governmental Entity nor has any notice or proceeding in respect thereof been given or commenced nor, to the knowledge of the Company, is there any intent or proposal to give any such notice or to commence any such proceeding.

  • Receivership The employment of a receiver appointed by court order to take possession of substantially all of Tenant’s assets or the Premises, if such receivership remains undissolved for a period of thirty (30) days;

  • Insolvency or Bankruptcy The death, dissolution or insolvency of, appointment of a receiver by or on behalf of, application of any debtor relief law, the assignment for the benefit of creditors by or on behalf of, the voluntary or involuntary termination of existence by, or the commencement of any proceeding under any present or future federal or state insolvency, bankruptcy, reorganization, composition or debtor relief law by or against me or any co-signer, endorser, surety or guarantor of this Agreement or any other obligations I have with you.

  • Death, Incompetency, or Bankruptcy of Member On the death, adjudicated incompetence, or bankruptcy of a Member, unless the Company exercises its rights under Section 8.5, the successor in interest to the Member (whether an estate, bankruptcy trustee, or otherwise) will receive only the economic right to receive distributions whenever made by the Company and the Member's allocable share of taxable income, gain, loss, deduction, and credit (the "Economic Rights") unless and until a majority of the other Members determined on a per capita basis admit the transferee as a fully substituted Member in accordance with the provisions of Section 8.3. 8.4.1 Any transfer of Economic Rights pursuant to Section 8.4 will not include any right to participate in management of the Company, including any right to vote, consent to, and will not include any right to information on the Company or its operations or financial condition. Following any transfer of only the Economic Rights of a Member's Interest in the Company, the transferring Member's power and right to vote or consent to any matter submitted to the Members will be eliminated, and the Ownership Interests of the remaining Members, for purposes only of such votes, consents, and participation in management, will be proportionately increased until such time, if any, as the transferee of the Economic Rights becomes a fully substituted Member.

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