Common use of NRD Offsets Clause in Contracts

NRD Offsets. Project Stipulation  Sample Provision 1: “NRD Offsets covering individual or multiple projects will be memorialized in a stipulation (“Project Stipulation”). The Parties agree that no projects will be funded pursuant to this Framework Agreement unless all Parties agree upon the project and applicable NRD Offsets for that project and execute a Project Stipulation as set forth herein.” (Source: Deepwater Framework)

NRD Offsets. Project Stipulation  • Sample Provision 1: “NRD Offsets covering individual or multiple projects will be memorialized in a stipulation (“Project Stipulation”). The Parties agree that no projects will be funded pursuant to this Framework Agreement unless all Parties agree upon the project and applicable NRD Offsets for that project and execute a Project Stipulation as set forth herein.” (Source: Deepwater Framework)