Examples of Carbon credit in a sentence
The Riverse Registry allows Users to purchase, hold or transfer Riverse Carbon Credit.
The price for the transfer of Riverse Carbon Credit (a “CC Transfer”) will be agreed between the Seller and the Purchaser.
Upon receiving notification from the Client or a Financial Market Settlement System or Scheme Regulator that there has been an erroneous or fraudulent dealing related to Riverse Carbon Credits in the Riverse Registry, Riverse may, via the Electronic Money Institution reverse the transaction or movement of Riverse Carbon Credits or remove any Riverse Carbon Credit being held in an Account or in accordance with any instructions received from the Client or the relevant Financial Market Settlement System.
Accordingly, where applicable to the User, before a Project Activity can be listed or a Riverse Carbon Credit issued, the User must provide Riverse with appropriate documentation for its approval in accordance with the Riverse Procedures Manual set out by Riverse.
For the avoidance of doubt, the extinguishment of legal and beneficial title and interests in the Riverse Carbon Credit does not prevent the User (or any other person with Legal or Beneficial Ownership Rights on whose behalf the Riverse Carbon Credit is cancelled or retired) from making offsetting claims corresponding to the Riverse Carbon Credit cancelled or retired.