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Common use of Corresponding Adjustments Clause in Contracts

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

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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

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