Corresponding Adjustment definition

Corresponding Adjustment means the accounting adjustment that both Sweden and Nepal are required to make for all Mitigation Outcomes transferred internationally as ITMOs to ensure that double counting is avoided in accordance with Article 6.2 of the Paris Agreement, paragraph 36 of decision 1/CP.21.
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Corresponding Adjustment means a downward adjustment to a company’s taxable profits made by the tax administration in a second jurisdiction as a consequence of a primary adjustment made by the tax administration in a first jurisdiction, so that the allocation of profits by the two jurisdictions is consistent;
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Corresponding Adjustment means an adjustment made to a Party’s National Greenhouse Gas Inventory when a transfer of a mitigation outcome is made internationally to be counted towards another Party’s Nationally Determined Contribution or other mitigation pledge;
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Examples of Corresponding Adjustment in a sentence

  • On course with the MLI, Austria opted in for Article 5 (taxation right of residence state in case of certain qualification conflicts in order to avoid double non taxation), Article 17 (Corresponding Adjustment regarding Transfer Pricing) and Article 18 (Mandatory Binding Arbitration if no agreement has been reached in a mutual agreement procedure after three years).

  • For a Manual LMUSI, Tel West may reserve up to three (3) Loop facilities.

  • To ensure that an emission reduction is additional to what a country has committed to achieving in its NDCs, the national emissions in the country where the project takes place would need to be increased by an equivalent amount – known as a Corresponding Adjustment (CA).

  • Such a project would therefore be more likely to be additional – and by implication – be achieved without the need of a Corresponding Adjustment.

  • This report will include all C-Capsule Certificates Issued and Redeemed in that year, regardless of whether a Corresponding Adjustment was made.

  • Calculating carbon credits from these activities and using them to meet voluntary corporate climate targets, would therefore be unlikely to need a Corresponding Adjustment to provide an additional level of reassurance.

  • Conditional NDCs could be used as an alternative to a Corresponding Adjustment in order to ensure emission reductions are not double-claimed through voluntary market transactions.

  • Here, there are different scenarios.4.1.1. Compensation with Corresponding Adjustment, Scenario: MuItiIateraI ruIes are adoptedA solution with integrity would be for the signatories to the Paris Agreement to agree on the following: countries in- volved in climate protection projects would deduct emissions reductions in their reporting and the underlying CO2 balance sheet that they export abroad for offsetting.Double counting would thus be avoided and CO2 offsetting would be completed correctly.

  • This requirement was already proposed by some parties, such as the Gold Standard (GS), which proposed that there should be an adjustment to the national carbon accounts when carbon credits are used for voluntary offsetting38 – this is referred to as a Corresponding Adjustment (CA).

  • However, it could become more popular if the associated carbon credit does not require host government approval for a Corresponding Adjustment, where the transaction would be simpler and easier.Claim 3 : “Emission reductions”It is also possible to create a more nuanced claim that sits between the carbon offset claim and contributions claim.


More Definitions of Corresponding Adjustment

Corresponding Adjustment or “CA” means to account for the Authorized Transfer of ITMO-VERs in accordance with International Rules including paragraph 36 of decision 1/CP.21 and decision 2/CMA.3;
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Corresponding Adjustment means any adjustment by the Government of Malaysia to its national GHG inventory, as reported in its Nationally Determined Contribution, to reflect the international transfer of carbon credit units generated in Malaysia to a recipient located in a jurisdiction outside of Malaysia pursuant to and in accordance with these Rules, and in accordance with the Paris Agreement;
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Corresponding Adjustment. Means Corresponding Adjustment set forth in Article 20 of the Bylaws.
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Corresponding Adjustment has the meaning given to the term in the Paris Agreement Rules.
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Related to Corresponding Adjustment

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Cost of Living Adjustment or “COLA” means a percentage-based general wage increase adjustment provided in accordance with this memorandum of agreement. COLA is an upward adjustment applied to and folded into all wage rates. The "annualized average of BC CPI over twelve months” (AABC CPI) means the Latest 12-month Average Index % Change reported by BC Stats in March for British Columbia for the twelve months starting at the beginning of March in the preceding year and concluding at the end of the following February. The “Latest 12-month Average Index”, as defined by BC Stats, is a 12-month moving average of the BC consumer price indexes of the most recent 12 months. This figure is calculated by averaging index levels over the applicable 12 months. The Latest 12-month Average Index % Change is reported publicly by BC Stats in the monthly BC Stats Consumer Price Index Highlights report. The BC Stats Consumer Price Index Highlights report released in mid-March will contain the applicable figure for the 12 months concluding at the end of February. The percentage change reported by BC Stats that will form the basis for determining any COLA increase is calculated to one decimal point. For reference purposes only, the annualized average of BC CPI over 12 months from March 1, 2021 to February 28, 2022 was 3.4%.

  • Spread Adjustment means 100 basis points.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Contract Adjustment Payments means the payments payable by the Company on the Special Payment Date or the Payment Dates in respect of each Purchase Contract, at a rate per year of [•]% of the Stated Amount per Purchase Contract.

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Adjusted Actual/360 Accrued Interest Amount with respect to any REMIC I Regular Interest referred to in clause (B) of the second sentence of the prior paragraph, for any Interest Accrual Period, is an amount of interest equal to the product of (a) the Net Mortgage Rate then in effect (including as a result of any step-up provision) for the related Mortgage Loan under the original terms of such Mortgage Loan in effect as of the Closing Date (without regard to any modifications, extensions, waivers or amendments of such Mortgage Loan subsequent to the Closing Date, whether entered into by the Master Servicer or the Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower), multiplied by (b) a fraction, the numerator of which is the number of days in such Interest Accrual Period, and the denominator of which is 360, multiplied by (c) the Uncertificated Principal Balance of such REMIC I Regular Interest immediately prior to the Distribution Date that corresponds to such Interest Accrual Period; provided that, if the subject Interest Accrual Period occurs during (x) December of any year that does not immediately precede a leap year or (y) January of any year, then the amount of interest calculated with respect to the subject REMIC I Regular Interest pursuant to this definition for such Interest Accrual Period without regard to this proviso shall be decreased by the Interest Reserve Amount, if any (and the fraction described in clause (B) of the second sentence of the preceding paragraph shall be adjusted accordingly), with respect to the related Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) transferred, in accordance with Section 3.04(c), from the Distribution Account to the Interest Reserve Account on the Master Servicer Remittance Date that occurs immediately following the end of such Interest Accrual Period; and provided, further, that, if the subject Interest Accrual Period occurs during February of any year (or during any December or January preceding the month of the Final Distribution Date), then the amount of interest calculated with respect to the subject REMIC I Regular Interest pursuant to this definition for such Interest Accrual Period without regard to this proviso shall be increased by the Interest Reserve Amount(s), if any (and the fraction described in clause (B) of the second sentence of the preceding paragraph shall be adjusted accordingly), with respect to the related Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) transferred, in accordance with Section 3.05(c), from the Interest Reserve Account to the Distribution Account on the Master Servicer Remittance Date that occurs immediately following the end of such Interest Accrual Period.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • SOFR Adjustment means 0.10% (10 basis points).