Ownership; marketing; sharing of profits Sample Clauses

Ownership; marketing; sharing of profits. 11.6.1 The GON and the Company shall jointly own all GHG Reduction Benefits generated by the Project till the end of Generation License Period, beyond which the GON shall solely own the GHG Reduction Benefits. 11.6.2 If and when any revenues are received from any sale of GHG Reduction Benefits, the net available revenues after deducting the cost involved in achieving the GHG Reduction Benefits shall be distributed to the Parties as follows: (i) fifty percent (50%) to the GON; and (ii) fifty percent (50%) to the Company. 11.6.3 The distribution of profits under Section 11.6.2 shall be made quarterly, within forty (40) Days of the close of each calendar quarter.
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