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 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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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.

  • 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.

  • 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.

  • 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.


More Definitions of LCFS Credit

LCFS Credit has the meaning given to it in Section 5.1.
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LCFS Credit means a “Credit” as defined in the LCFS Regulations.
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LCFS Credit means a marketable credit associated with
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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. (mm) “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 Credit as defined in the LCFS Regulations. (ll) “LCFS Deficit” means a deficit as defined in the LCFS Regulations.
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