Carbon Offset Credits definition

Carbon Offset Credits means and refer to activities undertaken by either Landlord or Tenant which cause, directly or indirectly, measurable Greenhouse Gas emission reductions or removal enhancements within or in respect of the Building and that have financial or exchange value in the regulatory or voluntary market.
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Carbon Offset Credits means and refer to activities undertaken by either the Landlord or the Tenant which cause, directly or indirectly, measurable greenhouse gas emission reductions or removal enhancements within or in respect of the Building and that have financial or exchange value in the regulatory or voluntary market.
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Carbon Offset Credits means and refer to tradeable units, denominated in tonnes of CO2, or other Green House Gas, or the CO2 equivalent using the global warming potential of other Green House Gases, the tradability of which may be permitted voluntarily in a given market or legislatively by a level of government, and which tradeable units may be created as a result of activities undertaken by either the Landlord or the Tenant which cause, directly or indirectly, measurable Green House Gas emission reductions within or in respect of the Project and that have financial or exchange value in the regulatory or voluntary trading market.
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Examples of Carbon Offset Credits in a sentence

  • Weber County assigns to Qnergy, during the Term, the exclusive rights, full title, claim and ownership of all Environmental Attributes and Carbon Offset Credits associated with the collection and destruction of Landfill Gas, by the Methane Mitigation Project.

  • Carbon Offset Credits and hence the basis for the Contingent Payments to Weber County depend entirely on market, regulatory and other factors beyond Qnergy’s control.

  • Weber County acknowledges and agrees that Qnergy shall create Carbon Offset Credits by destroying greenhouse gas (GHG) emissions through the Methane Mitigation Project, and that, during the Term, Qnergy shall have uncontested ownership and legal rights to the GHG emissions reductions and Carbon Offset Credits.

  • Qnergy shall undertake all costs and efforts to create Carbon Offset Credits and monetize their value.

  • Landlord shall be entitled to allocate, acting reasonably, Carbon Offset Credits created with the participation of Tenant and/or other tenants in the Building.

  • The Landlord shall be entitled to all Carbon Offset Credits that may be created, credited or recoverable as a result of activities conducted within the Leased Premises or the Building, excluding Carbon Offset Credits to which the Tenant is entitled in accordance with applicable law.

  • The Landlord shall be entitled to allocate, acting reasonably, Carbon Offset Credits created with the participation of the Tenant and/or other tenants in the building.

  • Landlord shall be entitled to all Carbon Offset Credits that may be created, credited or recoverable as a result of activities conducted within the Premises or the Building, excluding Carbon Offset Credits to which Tenant is entitled in accordance with Applicable Law.

  • The Landlord shall be entitled to allocate, acting reasonably, Carbon Offset Credits created with the participation of the Tenant and/or other tenants in the Building.

  • The Landlord shall be entitled to all Carbon Offset Credits that may be created, credited or recoverable as a result of activities conducted within the Premises or the Building, excluding Carbon Offset Credits to which the Tenant is entitled in accordance with Applicable Law.


More Definitions of Carbon Offset Credits

Carbon Offset Credits means credits awarded to projects
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