Common use of Carbon Credits Clause in Contracts

Carbon Credits. The Parties acknowledge that registration of the Project for Carbon Credits marketing and distribution of benefits of Carbon Credits generated by the Complex shall be in accordance with the Policy for Development of Renewable Energy for Power Generation 2006, as amended from time to time, that shall govern the matters afore-said. For the avoidance of doubt, the amounts realized from the sale of Carbon Credits shall not be set-off or netted against the Energy Payments.

Carbon Credits. The Parties acknowledge that registration of the Project for Carbon Credits marketing and distribution of benefits of Carbon Credits generated by the Complex shall be in accordance with the Policy for Development of Renewable Energy for Power Generation 2006, as amended or replaced from time to time, that shall govern the matters afore-said. For the avoidance of doubt, the amounts realized from the sale of Carbon Credits shall not be set-off or netted against the Energy Payments.

Carbon Credits. The Parties acknowledge that registration of the Project for Carbon Credits marketing and distribution of benefits of Carbon Credits generated by the Complex shall be in accordance with the Policy for Development of Renewable Energy for Power Generation 2006, as amended or replaced from time to time, that shall govern the matters afore-said. For the avoidance of doubt, the amounts realized from the sale of Carbon Credits shall not be set-set- off or netted against the Energy Payments.

Carbon Credits. ‌ The Parties acknowledge that registration of (if applicable to the Project for Project) any Carbon Credits marketing and distribution of benefits of Carbon Credits generated realized by the Complex shall be distributed between the Parties in accordance with the Policy for Development of Renewable Energy for Power Generation 2006, as amended from time to time, that shall govern the matters afore-said. For the avoidance of doubt, the amounts realized from the sale of Carbon Credits shall not be set-off or netted against the Energy PaymentsPayment(s).