Applicable Standard means that a person acted in good faith and in a manner such person reasonably believed to be in the best interests of the Company; except that in a criminal proceeding, such person must also have had no reasonable cause to believe that such person's conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent shall not, of itself, create any presumption, or establish, that the person did not meet the "Applicable Standard."
Applicable Standard means that the Indemnitee acted in good faith and in a manner that the Indemnitee reasonably believed to be in the best interests of the Corporation; except that in a criminal proceeding, the Indemnitee must also have had no reasonable cause to believe that the Indemnitee's conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or any equivalent procedure shall not, of itself, create any presumption, or establish, that the Indemnitee did not satisfy the "Applicable Standard."
Applicable Standard means a domestic, international or foreign Renewable Portfolio Standard, including a California or Federal Renewable Portfolio Standard, renewable energy, emissions reduction, or Product Reporting Rights program, scheme or organization, adopted by a Governmental Authority or otherwise, other mandatory or voluntary standard or set of rules, or other similar program with respect to which exists a market, registry or reporting for particular Environmental Attributes, as specified in the Confirmation Letter. An Applicable Standard may include any legislation or regulation concerned with renewable energy, oxides of nitrogen, sulfur, or carbon, with particulate matter, soot, or mercury, or implementing the UNFCCC or crediting “early action” with a view thereto, or laws or regulations involving or administered by an Administrator, or under any present or future domestic, international or foreign RECs, Products, Environmental Attributes or emissions trading program. Applicable Standards do not include legislation providing for production tax credits or other direct third- party subsidies for generation by a Renewable Energy Source.
Examples of Applicable Standard in a sentence
The Representations, Undertakings and Events of Default shall be no more onerous on the Group than the Applicable Standard, and the Undertakings will include the permissions referred to in this Term Sheet and the relevant baskets, thresholds, allowances and/or deductions (or similar) set out in the ‘Key Baskets and Thresholds Table’.
UGMS and Applicable Standard Federal and State Certifications and Assurances.
Seller represents and warrants that it will provide to Buyer RECs that meet or exceed the Applicable Standard as set forth in the Confirmation Letter.
Clauses 24.27 ‘Acquisition Documents, disclosures and other documents’, 24.28 ‘Pensions’, 25.29 ‘Holding Companies’, Clauses 27.11 ‘Holding Companies’, 27.14 ‘Acquisition Documents’ and 27.29 ‘Amendments’ in the Applicable Standard shall not be included.
More Definitions of Applicable Standard
Applicable Standard means the initial standard as amended from time to time by instrument under section 42N;
Applicable Standard means the Green-e Energy National Standard, which is the voluntary certification and verification program for renewable energy administered by the non-profit Center for Resource Solutions
Applicable Standard means the state or federal RPS or other mandatory or voluntary standard(s) or set of rules specified in the Confirmation Letter, including any amended or successor versions as of the date of execution of the Confirmation Letter, as well as on the date of Delivery of RECs.
Applicable Standard means standards issued by internationally recognised organisations including by those stated in Article 6 (4);
Applicable Standard means, with respect to the act or omission of a Covered Person, the standard of conduct that such act or omission was performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that the Covered Person shall not be indemnified for any such loss, damage or claim incurred by reason of such Covered Person’s willful misconduct or bad faith with respect to such acts or omissions.
Applicable Standard means the state or federal RPS or other mandatory or voluntary standard or set of rules specified in the Confirmation Letter.
Applicable Standard means, with respect to a Transfer, the Renewable or Alternative Portfolio Standard(s) applicable to the Product defined in the Order for such Transfer.