Issuance of CRTs. The Reserve shall issue CRTs to Forest Owner in amounts to be determined by the Reserve, in its reasonable discretion, based on the determination of the Reserve-approved verification body in accordance with the Forest Project Protocols, at which time the Forest Owner shall have the right to control said CRTs. Nothing in this Section 3 shall be construed or interpreted as giving Forest Owner any right to ongoing CRTs or obligating the Reserve to issue CRTs to the Forest Project or Forest Owner in the future.
Issuance of CRTs. The Reserve shall issue CRTs to Project Owner in amounts to be determined by the Reserve, in its reasonable discretion, based on the determination of the Reserve-approved verification body in accordance with the Grassland Project Protocol, at which time the Project Owner shall have the right to control said CRTs. Nothing in this Section 3 shall be construed or interpreted as giving Project Owner any right to ongoing CRTs or obligating the Reserve to issue CRTs to the Grassland Project or Project Owner in the future. Due to technical limitations of the Reserve Tracking System, CRTs may pass through the account of another account holder before reaching the account of the Project Owner. This procedure does not imply any ownership of the CRTs by an account holder other than the Project Owner.
Issuance of CRTs. Within five (5) days of the Effective Date, the Reserve shall issue CRTs to Forest Owner, at which time the Forest Owner shall have the right to control said CRTs. Nothing in this Section 2 shall be construed or interpreted as giving Forest Owner any right to additional CRTs or obligating the Reserve to issue additional CRTs to the Forest Project or Forest Owner in the future.
Issuance of CRTs. The Reserve shall issue CRTs to Project Owner in amounts to be determined by the Reserve, in its reasonable discretion, based on the determination of the Reserve-approved verification body in accordance with the Soil Enrichment Protocol, at which time the Project Owner shall have the right to control said CRTs. Nothing in this Section 3 shall be construed or interpreted as giving Project Owner any right to ongoing CRTs or obligating the Reserve to issue CRTs to the Soil Enrichment Project or Project Owner in the future.
Issuance of CRTs. The Reserve shall issue CRTs to Project Owner in amounts to be determined by the Reserve, in its reasonable discretion, based on the determination of the Reserve-approved verification body in accordance with the Canada Grassland Protocol, at which time the Project Owner shall have the right, title and interest in the said CRTs. Nothing in this Section 3 shall be construed or interpreted as giving Project Owner any right to ongoing CRTs or obligating the Reserve to issue CRTs to the Grassland Project or Project Owner in the future. Due to technical limitations of the Reserve Tracking System, CRTs may pass through the account of another account holder before reaching the account of the Project Owner. This procedure does not imply any ownership of the CRTs by an account holder other than the Project Owner. Commented [BZ1]: If the project chooses a permanence commitment shorter than 100 years that needs to be established here. If projects are stacked new permanence commitments are necessary.
Issuance of CRTs. The Reserve shall issue CRTs to Grassland Owner in amounts to be determined by the Reserve, in its reasonable discretion, based on the determination of the Reserve-approved verification body in accordance with the Grassland Project Protocol, at which time the Grassland Owner shall have the right to control said CRTs. Nothing in this Section 3 shall be construed or interpreted as giving Grassland Owner any right to ongoing CRTs or obligating the Reserve to issue CRTs to the Grassland Project or Grassland Owner in the future.
