Common use of Environmental Credit Clause in Contracts

Environmental Credit. To the extent not prohibited by Applicable Law, any current and/or future Environmental Credit that is attributable to and/or based upon the amount of Biodiesel sold and Delivered to a Receiving Station shall belong to and/or become the property of Hawaiian Electric. Seller shall use its commercially reasonable efforts to ensure that such portion of such Environmental Credits are vested in Hawaiian Electric, and shall execute all documents, including, but not limited to, documents transferring such portion of such Environmental Credits, without further compensation, provided, however, that Hawaiian Electric agrees to pay for all reasonable costs associated with such efforts and/or documentation.

Environmental Credit. To the extent not prohibited by any Applicable LawLaws, any current and/or future Environmental Credit that is attributable to and/or based upon the amount of Biodiesel sold and Delivered to a Receiving Station Facility shall belong to and/or become the property of Hawaiian Electric. Seller shall use its commercially reasonable efforts to ensure that such portion of such Environmental Credits are vested in Hawaiian Electric, and shall execute all documents, including, but not limited to, documents transferring such portion of such Environmental Credits, without further compensation, provided, however, that Hawaiian Electric agrees to pay for all reasonable costs associated with such efforts and/or documentation.

Environmental Credit. To the extent not prohibited by Applicable Law, any current and/or future Environmental Credit that is attributable to and/or based upon the amount of Biodiesel Biofuel sold and Delivered to a Receiving Station shall belong to and/or become the property of Hawaiian Electric. Seller shall use its commercially reasonable efforts to ensure that such portion of such Environmental Credits are vested in Hawaiian Electric, and shall execute all documents, including, but not limited to, documents transferring such portion of such Environmental Credits, without further compensation, provided, however, that Hawaiian Electric agrees to pay for all reasonable costs associated with such efforts and/or documentation.