Intentional Reversal definition

Intentional Reversal means any reversal caused by a forest owner's negligence, gross negligence, or willful intent, including harvesting, development, and harm to the area within the offset project boundary.

Intentional Reversal means any reversal, except as provided below, which is caused by a forest owner’s negligence, gross negligence, or willful intent, including harvesting, development, and harm to the area within the offset project boundary, or caused by approved growth models overestimating carbon stocks. A reversal caused by an intentional back burn set by, or at the request of, a local, state, or federal fire protection agency for the purpose of protecting forestlands from an advancing wildfire that began on another property through no negligence, gross negligence, or willful misconduct of the forest owner is not considered an intentional reversal but, rather, an unintentional reversal. Receiving Adverse Offset Verification Statements on two consecutive offset verifications after the end of the final crediting period will be considered an intentional reversal.

Intentional Reversal occurs when a Credit Project does not persist for the full, required duration for any reason other than an extraordinary act of nature that cannot be foreseen or diverted even with due diligence.

Examples of Intentional Reversal in a sentence

• 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.

• If, at any time for which a Project Area is enrolled in the Conservation Credit System, the Administrator identifies events or activities that may lead to a finding of Credit Project failure (whether due to Intentional Reversal or Unintentional Reversal), the Administrator will notify Participant, in writing by certified mail and electronic communications.

• 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.

• The Administrator must provide Participant with notice of a proposed finding of Intentional Reversal in accordance with Section 13 of this Contract.

More Definitions of Intentional Reversal

Intentional Reversal means any reversal caused by a forest owner's negligence, gross negligence, or willful intent, including harvesting, development, and harm to the area within the offset project boundary. “Interim control period” means an interim control period is a one-calendar-year time period, during each of

Intentional Reversal means any reversal, except as provided below, which is caused by a Fforest Oowner's negligence, gross negligence, or willful intentional misconduct, including harvesting, development, and harm to the area within the offset project boundary, or caused by approved growth models overestimating carbon stocks. … The mere act of permitting third party access to the Project Area will not be deemed to be gross negligence or misconduct on the part of the Forest Owner.

Intentional Reversal means a reduction of carbon stocks in the Project Area due to one or more of the following events:

Intentional Reversal occurs when a Credit Project does not persist for the full, required duration due to actions by the Credit Developer, such as failure to implement the required Management Actions in the Project Area or intentional mineral development that affects the Project Area due to direct and/or indirect effects of the anthropogenic disturbance implemented by the Participant.

Intentional Reversal means any reversal of a forest offset project caused by a forest owner’s negligence, gross negligence, or willful intent, including harvesting, development, and harm to the area within the offset project boundary.

Intentional Reversal means a Reversal caused by activities undertaken or authorized jointly by the Parties, or undertaken pursuant to a disposition of an interest in land by the Parties;

Intentional Reversal means any reversal, except as provided below, which is caused by a forest owner's negligence, gross negligence, or willful intent, including harvesting, development, and harm to the area within the offset project boundary, or caused by approved growth models overestimating carbon stocks. A reversal caused by an intentional back burn set by, or at the request of, a local, state, or federal fire protection agency for the purpose of protecting forestlands from an advancing wildfire that began on another