Forest Buffer Account definition

Forest Buffer Account means a holding account for ARB offset credits issued to forest offset projects. It is used as a general insurance mechanism against unintentional reversals, for all forest offset projects listed under a Compliance Offset Protocol.
Sample 1Sample 2Sample 3
Forest Buffer Account means a holding account for ARB offset credits issued to forest offset projects. It is used as a general insurance mechanism
Sample 1Sample 2
Forest Buffer Account means a holding account for ARB offset credits issued to forest offset projects. It is used as a general insurance mechanism against unintentional reversals, for all forest offset projects listed under a Compliance Offset Protocol(Adopt Subchapter 10 Climate Change, Article 5, Sections 95800 to 96023).
Sample 1

Examples of Forest Buffer Account in a sentence

  • All forest projects must contribute a percentage of ARB offset credits to the Forest Buffer Account any time ARB offset credits are issued by ARB for verified GHG emission reductions and GHG removal enhancements.

  • A signed application 11 for a concealed pistol license shall constitute a waiver of 12 confidentiality and written request that the department of social and 13 health services, mental health institutions, and other health care 14 facilities release information relevant to the applicant's 15 eligibility for a concealed pistol license to an inquiring court or 16 law enforcement agency.

  • The resulting risk rating determines the quantity of ARB offset credits that the project must contribute to the Forest Buffer Account to insure against unintentional reversals.

  • Each Forest Project’s contribution is determined by a project-specific risk rating, as described in Section 7.2.2. If a Forest Project experiences an unintentional reversal of credited GHG reductions and GHG removal enhancements (as defined in Section 7.3), ARB offset credits from the Forest Buffer Account will be retired in an amount equal to the total amount of carbon that was reversed (measured in metric tons of CO2-equivalent) according to the process identified in the Regulation.

  • A Forest Buffer Account is a holding account for ARB offset credits issued to Forest Project, which is administered by ARB.

  • A calculation of the offset project’s Forest Buffer Account contribution.

  • All Forest Projects must contribute a percentage of ARB offset credits to the Forest Buffer Account any time ARB offset credits are issued by ARB for verified GHG reductions and GHG removal enhancements.

  • ARB offset credits will be contributed to the Forest Buffer Account pursuant to the Regulation based on the reversal risk rating for a project as determined by the requirements and methods in Appendix D.

  • Calculation of the offset project’s Forest Buffer Account contribution for each year since the last verification.

  • Unintentional reversals are insured against by contributing a percentage of ARB offset credits to a Forest Buffer Account.

Related to Forest Buffer Account

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Companion Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.