Common use of Financial Assurances Clause in Contracts

Financial Assurances. The Administrator and Participant have defined below the financial assurances required to ensure there are sufficient funds for long-term management and monitoring of the Project Area over the Contract Period and the use of such funds to address Unintentional Reversals. The Parties have also defined a process and financial assurances for replacing Credits that have been sold or otherwise applied to offset Debits but become invalidated due to Intentional Reversal.

Appears in 6 contracts

Samples: Participant Contract for the Generation of Credits, Participant Contract for the Generation of Credits, Participant Contract for the Generation of Credits

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!