Corresponding Adjustments. 1. The Parties acknowledge and agree that in order to avoid double counting of Mitigation Outcomes transferred as ITMOs, the negotiation of a Framework Agreement for bilateral collaboration and/or any Mitigation Outcome Purchase Agreement developed pursuant to this cooperation will include provisions requiring the Parties to apply Corresponding Adjustments in accordance with Article 6 of the Paris Agreement.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Corresponding Adjustments. 1. The Parties acknowledge and agree that in order to avoid double counting of Mitigation Outcomes transferred as ITMOs, the negotiation of a future bilateral Framework Agreement for bilateral collaboration and/or any Mitigation Outcome Purchase Agreement developed pursuant to this cooperation will include provisions requiring the Parties to apply Corresponding Adjustments in accordance with Article 6 of the Paris Agreement.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding