Share of Proceeds definition

Share of Proceeds means any CERs deducted or other fees charged by the CDM Registry administrator in accordance with the Kyoto Rules to cover administrative expenses and to assist in meeting costs of adaptation in accordance with the use of the term in the modalities and procedures for the Clean Development Mechanism as set out in Decision 3/CMP.1.

Share of Proceeds means levies from activities under the Paris Agreement that are used to cover administrative expenses as well as assisting developing country Parties that are vulnerable to the adverse effects of climate change to meet the costs of adaptation;

Share of Proceeds means any CERs deducted or any other deductions levied by the CDM Registry administrator upon Issuance of CERs in accordance with the International Rules to cover administrative expenses and to assist in meeting costs of adaptation;

Examples of Share of Proceeds in a sentence

• Furthermore, the Trustee shall prepare and furnish the Adaptation Fund Board with reports on the Sale of the Share of Proceeds for the Adaptation Fund and on the status of commitments and transfers of Trust Fund funds annually (or at any other such frequency agreed between the Trustee and the Adaptation Fund Board).

• The commingling of Trust Fund resources for administrative and investment purposes should not affect the amount of resources from proceeds of monetization of the Share of Proceeds available in the Trust Fund for transfer of funds for Adaptation Fund operations, activities, projects and programmes.

• The CMP hereby authorizes the Sale of the Share of Proceeds from the account established and maintained at the CDM registry for the Adaptation Fund to hold and transfer the Share of Proceeds to assist in meeting the costs of adaptation in accordance with Article 12, paragraph 8, of the Kyoto Protocol (the CDM Account) in the manner set forth hereunder.25.

• For the avoidance of doubt, no Share of Proceeds shall be held in the Trust Fund.18.

• The Sale of the Share of Proceeds from the CDM Account shall be administered under the instructions, direction and guidance of the Adaptation Fund Board consistent with its responsibility to supervise and manage the Adaptation Fund and for the monetization of the Share of Proceeds.26.

• The Trustee shall receive and hold in the Trust Fund any proceeds from the Sale of the Share of Proceeds conducted pursuant to paragraphs 24, 25, 26, 27 and 28 below.

• Sale of the Share of Proceeds and transfer of title or cancellation of the Share of Proceeds in respect of such Sale pursuant to paragraphs 24, 25, 26 and 27 above shall be effected by the Trustee only in accordance with the guidelines agreed in writing between the Trustee and the Adaptation Fund Board.

• There is therefore no requirement to amend the T&Cs until new carbon assets in the AF Share of Proceeds are available for monetization and additional information is available.

• By way of example, there is no process within the Adaptation Fund Secretariat to independently confirm that the number of CER's, due to the Adaptation Fund from the Clean Development Mechanism in the Share of Proceeds Account, is correct or that the number actually sold and the value credited to the AF Trust Fund is accurate.

• Similarly, there should be a monthly reconciliation conducted by the AF Secretariat between the number of CERs in the Share of Proceeds Account at the beginning of the month and those outstanding as at the end of the month utilising the Trustee's monthly CER sales figures delivered as part of their Financial Status reporting.

More Definitions of Share of Proceeds

Share of Proceeds means the aggregated amount of gross proceeds a project proponent receives upon the sale of carbon credits;

Share of Proceeds means any share of the Emission Reductions deducted by the CDM registry administrator in accordance with the Kyoto Protocol to cover administrative expenses and to assist in meeting costs of adaptation.

Share of Proceeds means, for a project applying under the regular project cycle that has not submitted the complete Local Stakeholder Consultation Report (see Gold Standard Toolkit, sections 2.6 & 2.9) by August 1, 2009, or for a project applying under the retroactive project cycle that has not submitted the complete documentation required for a pre-feasibility assessment (see Gold Standard Toolkit, Table 2.9) and has not paid the pre-feasibility assessment fee by August 1 2009, the mandatory transfer and delivery of 2% of all Voluntary Emission Reduction credits issued or 1.5% of all Certified Emissions Reduction credits labeled, or the equivalent substitution of any other Gold Standard VER or CER, respectively, to the Gold Standard Foundation in lieu of the fixed cash registration and issuance fees. ‘Start date of construction or implementation’ means the start of any activity for infrastructure, buildings or installation of hardware covered by the project budget in the vicinity of the location of the project.

Share of Proceeds means, for a project applying under the regular project cycle that has not submitted the complete Local Stakeholder Consultation Report (see Gold Standard Toolkit, sections 2.6 & 2.9) by August 1, 2009, or for a project applying under the retroactive project cycle that has not submitted the complete documentation required for a pre-­‐feasibility assessment (see Gold Standard Toolkit, Table 2.9) and has not paid the pre-­‐feasibility assessment fee by August 1 2009, the mandatory transfer and delivery of 2% of all Voluntary Emission Reduction credits issued or 1.5% of all Certified Emissions Reduction credits labeled, or the equivalent substitution of any other Gold Standard VER or CER, respectively, to The Gold Standard Foundation in lieu of the fixed cash registration and issuance fees.