LCFS Credit definition

LCFS Credit means a Credit as defined in the LCFS Regulations.
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LCFS Credit means a tradable credit generated by selling natural gas and renewable natural gas the under the California Air Resources Board’s Low Carbon Fuel Standard Program.
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LCFS Credit means a “Credit” as defined in the LCFS Regulations.
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Examples of LCFS Credit in a sentence

  • Commencing with the quarter in which the Initial Funding Date occurs, the Large EDUs will deposit their Required Percentage of their respective LCFS Credit Revenue into their respective EDU Contribution Accounts no less frequently than on a quarterly basis in arrears and in one or more transactions that shall be made no later than the end of the last business day of the following quarter.

  • Each other Participating EDU besides the Large EDUs will also deposit its Required Percentage of its respective LCFS Credit Revenue received in any calendar year commencing with the calendar year in which it becomes a Participating EDU into its respective EDU Contribution Account no less frequently than on an annual basis in arrears and in one or more transactions that shall occur no later than March 31st of the following year.

  • If any Large EDU has any Earmarked Credits deposited into its LCFS balancing account by CARB in any quarter that remain unsold at the end of such quarter, the Large EDU will track such Earmarked Credits and contribute the Required Percentage of the LCFS Credit Revenue generated therefrom to its EDU Contribution Account in the immediately following quarter, in which quarter such Earmarked Credits must be sold.

  • The Steering Committee shall grant an extension of the aforementioned timing requirements to any Large EDU, on an individual case- by-case basis, if the Large EDU has demonstrated to the satisfaction of the Steering Committee that it is utilizing all reasonable efforts to consummate the sale of its Earmarked Credits in a diligent and timely manner, but needs additional time to complete all sales required in order to deposit its full Required Percentage of LCFS Credit Revenue.

  • Immediately following the date of its Withdrawal Notice or, if later, the date on which the Program Administrator delivers to such Party a notice of an Indemnified Claim under Sections 7.5(b)(iii) or 7.5(c), such Party shall deposit into its EDU Contribution Account the additional amount of LCFS Credit Revenue demanded from such Party in any outstanding notice of Indemnified Claim delivered to such Party by the Program Administrator.

  • Within ten (10) days of the date of the Removal Vote, such Party must sell any remaining LCFS Base Credits received or held by such Party and deposit into its EDU Contribution Account all of the LCFS Credit Revenue received by such Party from such sale(s) of LCFS Base Credits.

  • LCFS credit value derived from the CARB LCFS Credit Price Calculator Version 1.2, available at https://www.arb.ca.gov/fuels/lcfs/dashboard/creditpricecalculator.xlsx.

  • Sample Report Template for LCFS Credit Generation, to populate ARB’s LRT-CBTS (LCFS Reporting Tool; Credit Bank and Transfer System) upload template: [to be developed by Seller and Buyer] Buyer and Seller shall explore ways to combine the above two reports for credit generation, notwithstanding the two different credit generation protocols.

  • Table 1 – 2015 Forecast of LCFS Credit Sales and Revenue Return Program Electric Revenue Return PG&E will provide to the Commission, upon request, its assumptions regarding these revenue forecasts, including its estimates of the number of credits sold and assumed credit prices, subject to an appropriate protective order.

  • California Air Resources Board, LCFS Credit Price Calculator, 2019 (web link: https://ww2.arb.ca.gov/sites/default/files/classic/fuels/lcfs/dashboard/creditvalu ecalculator.xlsx, last accessed May 2021).The publish date was updated.


More Definitions of LCFS Credit

LCFS Credit has the meaning given to it in Section 5.1.
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LCFS Credit means credits generated and traded under the LCFS, with each credit equal to one metric ton of CO2 reductions as compared to baseline CO2 emissions under the LCFS.
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LCFS Credit has the meaning set out in the CARB LCFS Regulations.
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LCFS Credit means a Credit as defined in the LCFS Regulations. (ll) “LCFS Deficit” means a deficit as defined in the LCFS Regulations.
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LCFS Credit means credits generated and traded under the LCFS or any similar state, federal or international program, with each credit equal to one metric ton of CO2 reductions as compared to baseline CO2 emissions under the LCFS.
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LCFS Credit means a marketable credit associated with
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Related to LCFS Credit

  • Credit Account is modified to read “Grant Account”.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.