Examples of Intentional Reversal in a sentence
The Parties have also defined a process and financial assurances for replacing Credits that have been sold or otherwise applied to offset Debits but become invalidated due to Intentional Reversal.
If no Credits are available for the Administrator to purchase at the time of the Intentional Reversal, the Administrator will engage in a competitive bidding process to procure the least expensive Credits possible.
The notice will identify whether the Administrator believes the potential Credit Project failure will constitute an Intentional Reversal or Unintentional Reversal.
The purpose of such replacement process and financial assurance is to ensure the replacement of Credits if, at any point during the Contract Period, Credit Project failure as a result of Intentional Reversal is determined.
Pay a financial penalty to the Administrator equal to the amount required for the Administrator to obtain the least expensive Credits available to fully offset the remaining duration of the Debits that had been offset by the Credits that were subject to Intentional Reversal.