ICC Contract definition

ICC Contract means the ICC Agreement which incorporates these Conditions;
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ICC Contract means an industrial carbon capture contract between the ICC Contract Counterparty and an eligible emitter entered into following the applicable contract allocation or negotiation process established under or by virtue of [⚫];23 22 Note to Reader: BEIS is still considering the approach to settlement. 23 Note to Reader: BEIS is currently finalising its approach relating to the method of allocating and the powers for funding the ICC Contract, both of which will be confirmed in due course.
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ICC Contract. A contract for difference style support mechanism for industrial carbon capture based on a strike price of the quantity of CO2 captured.
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Examples of ICC Contract in a sentence

  • If I wish to be released from this contract I must: (a) Find a suitable replacement, (b) Buy out of this contract (Fall/Winter only), or (c) be released by my house and the ICC Contract Release Committee.

  • The ICC Contract Release Committee may approve my release from some or all of this contract.

  • Note to Reader: The nature and duration of the verification test to be carried out by the Emitter at the ICC Contract Counterparty's request in order to verify the Achieved CO2 Capture Rate, the Achieved CO2 Storage Rate and/or the Deemed CO2 Storage Rate is to be confirmed.

  • This shall be the Emitter's estimate of the mass quantity of CO2 in all Billing Periods in the first five years of the Capex Payment Period based on the CO2 Capture Rate Estimate, which shall be notified to BEIS in the Emitter's application for an ICC Contract.

  • This document should be read in conjunction with the documents 'An update on business models for Carbon Capture, Usage and Storage', December 2020 ("Main Document"), 'An update on the business model for Industrial Carbon Capture', May 2021 ("May Update Document") and 'An update on the business model for Industrial Carbon Capture', October 2021 ("October Update Document") and the ICC Contract Heads of Terms dated October 2021.

  • This shall be the percentage of CO2 captured by the Capture Plant which enters the T&S Network during the normal operation of the Capture Plant (i.e. where there are no Capture Outage Events or Full Capture Outage Events), which shall be notified to BEIS in the Emitter's application for an ICC Contract.

  • The provision of a CaaS Co Subcontract which satisfies the requirements of the CaaS Co Subcontract Checklist is likely to be included as an additional Initial CP.] 19 Drafting note: The following potential amendments/additions to the Conditions to reflect CaaS Co arrangements will need to be kept under review as the ICC Contract is developed further.

  • Condition [45.1(A)] is amended by inserting the words "or the CaaS Co Subcontract" after the words "relating to or arising out of any other CCUS Programme ICC Contract".

  • Provide your company’s proposed maximum allowable markups for each category listed using Table D.1 in APPENDIX D.

  • This document is a preliminary and indicative draft of the "front-end" of the Industrial Carbon Capture ("ICC") Contract (the "ICC Agreement").


More Definitions of ICC Contract

ICC Contract means the Industrial Carbon Capture Contract entered into between the Grant Recipient and the ICC Contract Counterparty [or the Waste ICC Contract Counterparty] (as such terms are defined therein) on or around the date of the Grant Funding Agreement;
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Related to ICC Contract

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Public contract means an agreement between a public body and a nongovernmental source that is

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Privatization contract or “contract” means an agreement or

  • framework contract means a payment service contract which governs the future execution of individual and successive payment transactions and which may contain the obligation and conditions for setting up a payment account;

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Project Contract means a Project Contract as such term is defined in the RfP; “Proposal” means a Proposal as such term is defined in the RfP;

  • Federal-Aid Contract means a contract in which the United States (federal) Government provides financial funding as so designated in the Information for Bidders.

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Job-order-contracting means a project delivery method in which:

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.

  • Public work contract means a contract for constructing, altering, or repairing a public building or carrying out or completing any pub- lic work. Gov’t Code 2253.001(4)

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • Charter contract or "contract" means a fixed-term, renewable contract between a

  • Spot Contract means a foreign exchange contract under which we agree to exchange money at an agreed rate within 48 hours of the contract being entered into.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Collective Bargaining Agreement means any written or oral agreement, memorandum of understanding or other contractual obligation between the Company or any of its Subsidiaries and any labor organization or other authorized employee representative representing Service Providers.

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

  • public works contract means any agreement between any individual, firm or corporation and the State or any political subdivision of the State other than a municipality for construction, rehabilitation, conversion, extension, demolition or repair of a public building, highway or other changes or improvements in real property, or which is financed in whole or in part by the State, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees.

  • Major Contract means (i) any management agreement relating to the Properties or the Loan Parties, (ii) any agreement between any Loan Party and any Affiliate of any Relevant Party and (iii) any brokerage, leasing, cleaning, maintenance, service or other contract or agreement of any kind (other than Leases) relating to the Properties, in each case involving payment or expense of more than One Million and No/100 Dollars ($1,000,000) during any twelve (12) month period, unless cancelable on thirty (30) days or less notice without requiring payment of termination fees or payments of any kind.

  • Specified Contract means any of the following Contracts (together with all exhibits and schedules thereto) to which the Company or any Subsidiary is a party:

  • Provider contract means any contract between a provider and a carrier (or a carrier's network,