Carbon Offsets Clause Samples

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Carbon Offsets. (i) Unless governed by a separate written agreement between the parties hereto, the COFs (as defined below) ordered by Customer and retired by World Fuel are governed by this Section 2.6. (ii) The COFs will be set forth as a separate line item on invoices issued to Customer. As set forth in the applicable confirmation, the COF price, as well as price notification or quote, will be set by World Fuel in its sole discretion and may differ from the price that World Fuel paid for the COFs. (iii) World Fuel will certify to Customer, in writing, the permanent retirement of the COFs ordered by Customer from World Fuel. Any certificate issued to Customer by World Fuel in that regard is for informational purposes only and will provide the retirement details to the extent received by World Fuel from the applicable registry. (iv) World Fuel warrants that (A) the COFs ordered by Customer will be permanently retired in the applicable registry by World Fuel; and (B) such COFs have not been sold or transferred to another party by World Fuel. (v) Except as expressly set forth in Section 2(a)(iv), World Fuel makes no representations, warranties or guaranties whatsoever relating to the COFs. It is expressly understood by Customer that the COFs to be retired by World Fuel hereunder are not part of any renewable energy certificate program or any other regulated carbon emission compliance program, and are not part of any renewable portfolio standard or any other local, state, provincial, federal, national or supranational law, rule, regulation or other governance regime for renewable or sustainable energy products.
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Carbon Offsets. The Landlord shall be entitled to all Carbon Offset Credits that may be created, credited or recoverable as a result of activities conducted within the Leased Premises or the Building, excluding Carbon Offset Credits to which the Tenant is entitled in accordance with applicable law. The Landlord shall be entitled to allocate, acting reasonably, Carbon Offset Credits created with the participation of the Tenant and/or other tenants in the building. “
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Carbon Offsets. A carbon offset is a mandatory or voluntary mechanism that allows individuals, companies and organizations to reduce their carbon dioxide equivalent on the atmosphere in one area by investing in projects that reduce carbon dioxide equivalent on the atmosphere in another area. One carbon offset represents the reduction or removal of one metric tonne of carbon dioxide equivalent from the atmosphere. The Environmental Protection Agency (EPA) defines a carbon offset as “a tradable, environmental commodity that represents the reduction of a specific amount of GHG emissions to the atmosphere and is measured in tons.” Carbon offset is a complicated topic and have been subject to many controversies in the past few decades since its inception. Carbon offsets exist in both mandatory and voluntary markets. While the mandatory market is aimed at heavy emitters and regulated by their respective authorities under international, national and regional requirements, there is no universally agreed upon international standards or frameworks for voluntary carbon offsets. The International Organization of Standardizations (ISO)’s standards for greenhouse gas accounting and verification (ISO 14064 and ISO 14065) underpins the development of most of the independent third party standards for voluntary carbon offsets. In addition, the Global Carbon Project (GCP) in its report on Carbon Reductions and Offsets11 established underlying principles (or criteria) for carbon offset projects to ensure trading credibility and real atmospheric carbon reductions using the features of Clean Development Mechanism (CDM) as the benchmark. According to the GCP report, Further, the report recommends carbon offset project establish permanence, efficiency and consider projects with societal and economic benefits in addition to offsets – offset plus. Carbon offset project types mostly consist of: Energy Efficiency (EE), Renewable Energy (RE), Reduced Emissions from Degradation and Deforestation (REDD+), Bio-Sequestration, Energy-from-Waste Capture, Mine Methane Capture (MMC), Livestock Methane Capture, Ozone Depleting Substances (ODS) Destruction, and Transport Emissions Reduction - to name a few. Various standards have emerged in the voluntary carbon markets and can be characterized as either independent third party project certification program or product certification program. • The independent third party project certification programs develop their own standards and verify carbon offset project ...
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Carbon Offsets. A carbon offset is a mandatory or voluntary mechanism that allows individuals, companies and organizations to reduce their carbon dioxide equivalent on the atmosphere in one area by investing in projects that reduce carbon dioxide equivalent on the atmosphere in another area. One carbon offset represents the reduction or removal of one metric tonne of carbon dioxide equivalent from the atmosphere. The Environmental Protection Agency (EPA) defines a carbon offset as “a tradable, environmental commodity that represents the reduction of a specific amount of GHG emissions to the atmosphere and is measured in tons.” Carbon offset is a complicated topic and have been subject to many controversies in the past few decades since its inception. Carbon offsets exist in both mandatory and voluntary markets. While the mandatory market is aimed at heavy emitters and regulated by their respective authorities under international, national and regional requirements, there is no universally agreed upon international standards or frameworks for voluntary carbon offsets. The International Organization of Standardizations (ISO)’s standards for greenhouse gas accounting and verification (ISO 14064 and ISO 14065) underpins the development of most of the independent third party standards for voluntary carbon offsets. In addition, the Global Carbon Project (GCP) in its report on Carbon Reductions and Offsets11 established underlying principles (or criteria) for carbon offset projects to ensure trading credibility and real atmospheric carbon reductions using the features of Clean Development Mechanism (CDM) as the benchmark. According to the GCP report,
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Carbon Offsets. In the greater study area the total predicted carbon emissions over the life of the project was 21,508,675 tons. Of this total, the model predicted 1,665,083 tons in the Climate Action Project Area (See Appendix Table 2). Of the total 21,508,675 tons of carbon emitted in the greater study area, 88.9% was attributed to loss of broadleaf forest. The remaining 11.1% was attributed to the other vegetation classes. In the CAP area, 90.1% was attributed to broadleaf forest loss. The remaining 9.9% was attributed to the other vegetation classes (thicket and other degenerated forest = 6.3%) (Figure 12). 3 - THICKET & OTHER DEGENERATED FOREST 6 - BROADLEAF FOREST 7 - SAVANNAH 8 - BROADLEAF FOREST - OPEN (WOODLAND) 14 - BAMBOO & RIPARIAN VEGETATION 16 - PINE FOREST 18 - PINE FOREST - OPEN Total C emission / year (a) 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 2040 2035 2030 2025 2020 2015 2010 2005 2000 1999 (b) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 2040 2035 2030 2025 2020 2015 2010 2005 2000 1999 0
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Carbon Offsets. Any sums received from Carbon Offset optional purchases made by customers. Unless revenues are expressly and particularly excluded from Gross Revenues under this Agreement, such revenues shall be included in the definition of Gross Revenues. Company’s exclusion from Gross Revenues of any revenues required to be included under this Agreement will subject Company to any remedies set forth herein.
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Carbon Offsets. 14.1. Supplier may offer to Buyer and Buyer may purchase from Supplier a separate service whereby Supplier will arrange for the purchase of Carbon Offsets from a reputable third-party provider or affiliated company in either Supplier’s or Buyer’s name as mutually agreed in the Supplier Contract. 14.2. Supplier will obtain purchased Carbon Offsets within a reasonable amount of time, which shall be solely determined by Supplier on a case-to-case basis, but in all cases following Buyer’s respective purchase. 14.3. Earliest 30 days but within 120 days after each respective purchase, Buyer may request a copy the relevant certificate(s) for the Carbon Offsets applicable to such purchase from Supplier. 14.4. When Buyer purchases Carbon Offsets, it shall pay Supplier the applicable specified fee attributable to the respective Carbon Offsets in accordance with and subject to all terms and conditions stipulated in the Agreement. 14.5. Buyer acknowledges that all offers to sell and purchases of Carbon Offsets hereunder are only for the respective unregulated, voluntary market and are not reportable by Buyer to any regulatory institution, including but not limited to, as evidence for compliance with any carbon reducing, neutralization, or the like obligations at law or otherwise..
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Carbon Offsets. The Company acquires carbon offset credits in accordance with carbon offset protocols established and governed by independent, third-party registries, including but not limited to the Climate Action Reserve, American Carbon Registry, the Verified Carbon Standard and the Gold Standard (“Registry” or “Registries”). The carbon offset credits are issued and stored by the applicable Registry and each offset credit, once issued, has a unique and distinct serial number. When you make an order and payment to us, the corresponding number of credits are identified for retirement. The Company then retires the identified number of credits on a Registry. The serial number corresponding to the retired credits is entered into the Company’s internal tracking system and linked to your payment. We will provide proof of actions for all carbon offset purchases which demonstrate, as determined by us in our reasonable discretion, that the requested quantity of carbon emissions have been reduced/sequestered. The Company retires offsets annually and reserves the right to choose or substitute carbon offset projects in our reasonable discretion up until retirement. Sustainable aviation fuel, or “SAF,” is jet fuel refined from sustainable feedstocks as defined by the International Civil Aviation Organization Secretariat as “CORSIA Eligible Fuels". A sustainable aviation fuel credit, or “SAFc,” is a tradeable credit that represents one unblended gallon of SAF and its associated emissions reduction of greenhouse gases. The Company may in its sole discretion acquire SAF and SAFc generated from any specified SAF resource so long as the specified SAF resource and its associated emission reductions meet all certification requirements as described in the applicable order confirmation. Transactions conducted by the Company in SAF and SAFc on your behalf pursuant to these Terms will be for the benefit of you, and the Company will not make any claims or reserve any rights with respect to environmental attributes of such SAF or SAFc.
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Related to Carbon Offsets

  • Leases (a) Grantor will not (i) execute an assignment of the rents or any part thereof from the Premises without Beneficiary's prior consent, (ii) except where the lessee is in default thereunder, terminate or consent to the cancellation or surrender of any lease of the Premises or of any part thereof, now existing or hereafter to be made, having an unexpired term of one (1) year or more, provided, however, that any lease may be cancelled if promptly after the cancellation or surrender thereof a new lease is entered into with a new lessee having a credit standing at least equivalent to that of the lessee whose lease was cancelled, on substantially the same terms as the terminated or cancelled lease, (iii) modify any such lease so as to shorten the unexpired term thereof or so as to decrease, waive or compromise in any manner the amount of the rents payable thereunder or materially expand the obligations of the lessor thereunder, (iv) accept prepayments of more than one month of any installments of rents to become due under such leases, except prepayments in the nature of security for the performance of the lessees thereunder, (v) modify, release or terminate any guaranties of any such lease or (vi) in any other manner impair the value of the Mortgaged Property or the security hereof. (b) Grantor will not execute any lease of all or a substantial portion of the Premises except for actual occupancy by the lessee thereunder or its property manager, and will at all times promptly and faithfully perform, or cause to be performed, all of the covenants, conditions and agreements contained in all leases of the Premises or portions thereof now or hereafter existing, on the part of the lessor thereunder to be kept and performed and will at all times do all things reasonably necessary to compel performance by the lessee under each lease of all obligations, covenants and agreements by such lessee to be performed thereunder. If any of such leases provide for the giving by the lessee of certificates with respect to the status of such leases, Grantor shall exercise its right to request such certificates within five (5) days of any demand therefor by Beneficiary and shall deliver copies thereof to Beneficiary promptly upon receipt. (c) In the event of the enforcement by Trustee or Beneficiary of the remedies provided for hereby or by law, the lessee under each of the leases of the Premise will, upon request of any person succeeding to the interest of Grantor as a result of such enforcement, automatically become the lessee of said successor in interest, without change in the terms or other provisions of such lease, provided, however, that said successor in interest shall not be bound by (i) any payment of rent or additional rent for more than one (1) month in advance, except prepayments in the nature of security for the performance by said lessee of its obligations under said lease or (ii) any amendment or modification of the lease made without the consent of Beneficiary or such successor in interest. Each lease shall also provide that, upon request by said successor in interest, such lessee shall execute and deliver an instrument or instruments confirming such attornment.

  • New Leases Continue its present rental program and efforts at such Seller’s Property to rent vacant space in accordance with past practices; provided that, without the prior written consent of the Buyer, which consent may be granted or withheld in the Buyer’s sole discretion, such Seller shall not (i) execute any new lease, license or other occupancy agreement, (ii) amend, supplement, terminate, accept the surrender of, renew or otherwise modify any existing Lease, (iii) approve any assignment or sublease of any existing Lease, or (iv) waive any right or obligation thereunder; provided, however, that, in the case of any amendment, supplement, termination, surrender, renewal or modification of any existing Lease as set forth in clause (ii) above, if such existing Lease expressly and specifically sets forth the terms of any such amendment, supplement, termination, surrender, renewal or modification and requires the landlord under the Lease to acknowledge or counter-sign the same, in which case, the Buyer’s consent shall not be required, but Seller shall provide the Buyer with written notice of (and to the extent such amendment, supplement or modification modifies the rental terms of such Lease which rental amount is not specifically stated in such Lease, the Buyer shall have an opportunity to review and comment upon) such amendment, supplement, termination, surrender, renewal or modification at least five (5) Business Days prior to the date of execution. If such Seller enters into any new lease, license or other occupancy agreement, or renews any existing Lease (each such new lease, license, occupancy agreement and renewal, a “New Lease”) after the date hereof in accordance with the terms of this Section 3.2(d), then each such lease, license, occupancy agreement and renewal shall be included in the definition of “Leases” herein and added to Schedule 3.2(c) attached hereto, shall be assigned to and assumed by the Buyer at the Closing in accordance with this Agreement. If the Buyer does not reject or approve a new lease, license, occupancy agreement, renewal or a Lease amendment within five (5) Business Days after receipt of a copy thereof, then the Buyer shall be deemed to have approved such new lease, license, occupancy agreement, renewal or Lease amendment; provided that such notice includes specific reference to this Section 3.3(d) and the deemed approval provision hereof.

  • Oil and Gas Properties The Borrower will and will cause each Subsidiary to, at its own expense, do or cause to be done all things reasonably necessary to preserve and keep in good repair, working order and efficiency all of its Oil and Gas Properties and other material Properties including, without limitation, all equipment, machinery and facilities, and from time to time will make all the reasonably necessary repairs, renewals and replacements so that at all times the state and condition of its Oil and Gas Properties and other material Properties will be fully preserved and maintained, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts. The Borrower will and will cause each Subsidiary to promptly: (i) pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties, (ii) perform or make reasonable and customary efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties, (iii) cause each Subsidiary to do all other things necessary to keep unimpaired, except for Liens described in Section 9.02, its rights with respect to its Oil and Gas Properties and other material Properties and prevent any forfeiture thereof or a default thereunder, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts and except for dispositions permitted by Sections 9.16 and 9.

  • Revenues 1. Earnings generated during the project implementation through the sales of products and merchandise, participation fees or any other provisions of services against payment must be deducted from the amount of costs incurred by the project in line with Art 61 of Regulation 1303/2013 and stipulations in the programme implementation manual. 2. The LP and each PP are responsible for keeping account and documenting all revenues generated, following project activities, for control purposes.

  • Net Tangible Assets Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) remaining after the closing of the Purchaser Share Redemption.