Common use of Conditions of Effectiveness to be fulfilled Clause in Contracts

Conditions of Effectiveness to be fulfilled. The obligations to sell and purchase Emission Reductions in Articles III and V of the General Conditions will not take effect until all of the conditions included in Schedule 1 to this Agreement (“Conditions of Effectiveness”), in form and substance satisfactory to the Trustee, have been fulfilled.

Conditions of Effectiveness to be fulfilled. ‌ The obligations to sell regarding the sale, transfer and purchase payment for Emission Reductions in Articles III and V of the General Conditions will not take effect until all of the conditions of effectiveness of sale and purchase included in Schedule 1 to this Agreement (“Conditions of Effectiveness”), in form and substance satisfactory to the TrusteeTrustee following consultations with the participants of Tranche B of the Fund (“Tranche B Participants”), have been fulfilled.