Carbon Offsets Sample Clauses

Carbon Offsets. The Landlord shall be entitled to all Carbon Offset Credits that may be created, credited or recoverable as a result of activities conducted within the Premises or the Building, excluding Carbon Offset Credits to which the Tenant is entitled in accordance with Applicable Law. The Landlord shall be entitled to allocate, acting reasonably, Carbon Offset Credits created with the participation of the Tenant and/or other tenants in the Building. HSBC Office Master Mar 2012 SIERRA ONCOLOGY-HSBC 2150-MAY 2 2017/LT
AutoNDA by SimpleDocs
Carbon Offsets. A carbon offset is a mandatory or voluntary mechanism that allows individuals, companies and organizations to reduce their carbon dioxide equivalent on the atmosphere in one area by investing in projects that reduce carbon dioxide equivalent on the atmosphere in another area. One carbon offset represents the reduction or removal of one metric tonne of carbon dioxide equivalent from the atmosphere. The Environmental Protection Agency (EPA) defines a carbon offset as “a tradable, environmental commodity that represents the reduction of a specific amount of GHG emissions to the atmosphere and is measured in tons.” Carbon offset is a complicated topic and have been subject to many controversies in the past few decades since its inception. Carbon offsets exist in both mandatory and voluntary markets. While the mandatory market is aimed at heavy emitters and regulated by their respective authorities under international, national and regional requirements, there is no universally agreed upon international standards or frameworks for voluntary carbon offsets. The International Organization of Standardizations (ISO)’s standards for greenhouse gas accounting and verification (ISO 14064 and ISO 14065) underpins the development of most of the independent third party standards for voluntary carbon offsets. In addition, the Global Carbon Project (GCP) in its report on Carbon Reductions and Offsets11 established underlying principles (or criteria) for carbon offset projects to ensure trading credibility and real atmospheric carbon reductions using the features of Clean Development Mechanism (CDM) as the benchmark. According to the GCP report,
Carbon Offsets. (i) Unless governed by a separate written agreement between the parties hereto, the COFs (as defined below) ordered by Customer and retired by World Fuel are governed by this Section 2.6.
Carbon Offsets. The Company acquires carbon offset credits in accordance with carbon offset protocols established and governed by independent, third-party registries, including but not limited to the Climate Action Reserve, American Carbon Registry, the Verified Carbon Standard and the Gold Standard (“Registry” or “Registries”). The carbon offset credits are issued and stored by the applicable Registry and each offset credit, once issued, has a unique and distinct serial number. When you make an order and payment to us, the corresponding number of credits are identified for retirement. The Company then retires the identified number of credits on a Registry. The serial number corresponding to the retired credits is entered into the Company’s internal tracking system and linked to your payment. We will provide proof of actions for all carbon offset purchases which demonstrate, as determined by us in our reasonable discretion, that the requested quantity of carbon emissions have been reduced/sequestered. The Company retires offsets annually and reserves the right to choose or substitute carbon offset projects in our reasonable discretion up until retirement. Sustainable Aviation Fuel Sustainable aviation fuel, or “SAF,” is jet fuel refined from sustainable feedstocks as defined by the International Civil Aviation Organization Secretariat as “CORSIA Eligible Fuels". A sustainable aviation fuel credit, or “SAFc,” is a tradeable credit that represents one unblended gallon of SAF and its associated emissions reduction of greenhouse gases. The Company may in its sole discretion acquire SAF and SAFc generated from any specified SAF resource so long as the specified SAF resource and its associated emission reductions meet all certification requirements as described in the applicable order confirmation. Transactions conducted by the Company in SAF and SAFc on your behalf pursuant to these Terms will be for the benefit of you, and the Company will not make any claims or reserve any rights with respect to environmental attributes of such SAF or SAFc.
Carbon Offsets. 14.1. Supplier may offer to Buyer and Buyer may purchase from Supplier a separate service whereby Supplier will arrange for the purchase of Carbon Offsets from a reputable third-party provider or affiliated company in either Supplier’s or Buyer’s name as mutually agreed in the Supplier Contract.
Carbon Offsets. In the greater study area the total predicted carbon emissions over the life of the project was 21,508,675 tons. Of this total, the model predicted 1,665,083 tons in the Climate Action Project Area (See Appendix Table 2). Of the total 21,508,675 tons of carbon emitted in the greater study area, 88.9% was attributed to loss of broadleaf forest. The remaining 11.1% was attributed to the other vegetation classes. In the CAP area, 90.1% was attributed to broadleaf forest loss. The remaining 9.9% was attributed to the other vegetation classes (thicket and other degenerated forest = 6.3%) (Figure 12). 3 - THICKET & OTHER DEGENERATED FOREST 6 - BROADLEAF FOREST 7 - SAVANNAH 8 - BROADLEAF FOREST - OPEN (WOODLAND) 14 - BAMBOO & RIPARIAN VEGETATION 16 - PINE FOREST 18 - PINE FOREST - OPEN Total C emission / year (a) 3,500,000 3,000,000 CARBON 2,500,000 2,000,000 1,500,000 1,000,000 500,000 2040 2035 2030 2025 2020 2015 2010 2005 2000 1999 0 YEAR
Carbon Offsets. Any sums received from Carbon Offset optional purchases made by customers. Unless revenues are expressly and particularly excluded from Gross Revenues under this Agreement, such revenues shall be included in the definition of Gross Revenues. Company’s exclusion from Gross Revenues of any revenues required to be included under this Agreement will subject Company to any remedies set forth herein.
AutoNDA by SimpleDocs
Carbon Offsets. A carbon offset is a mandatory or voluntary mechanism that allows individuals, companies and organizations to reduce their carbon dioxide equivalent on the atmosphere in one area by investing in projects that reduce carbon dioxide equivalent on the atmosphere in another area. One carbon offset represents the reduction or removal of one metric tonne of carbon dioxide equivalent from the atmosphere. The Environmental Protection Agency (EPA) defines a carbon offset as “a tradable, environmental commodity that represents the reduction of a specific amount of GHG emissions to the atmosphere and is measured in tons.” Carbon offset is a complicated topic and have been subject to many controversies in the past few decades since its inception. Carbon offsets exist in both mandatory and voluntary markets. While the mandatory market is aimed at heavy emitters and regulated by their respective authorities under international, national and regional requirements, there is no universally agreed upon international standards or frameworks for voluntary carbon offsets. The International Organization of Standardizations (ISO)’s standards for greenhouse gas accounting and verification (ISO 14064 and ISO 14065) underpins the development of most of the independent third party standards for voluntary carbon offsets. In addition, the Global Carbon Project (GCP) in its report on Carbon Reductions and Offsets11 established underlying principles (or criteria) for carbon offset projects to ensure trading credibility and real atmospheric carbon reductions using the features of Clean Development Mechanism (CDM) as the benchmark. According to the GCP report, “A high quality carbon offset project should have at least the following three qualities. It must (i) be counted only once; ii) be additional, transparent and verifiable; and (iii) avoid leakage.” Further, the report recommends carbon offset project establish permanence, efficiency and consider projects with societal and economic benefits in addition to offsets – offset plus. Carbon offset project types mostly consist of: Energy Efficiency (EE), Renewable Energy (RE), Reduced Emissions from Degradation and Deforestation (REDD+), Bio-Sequestration, Energy-from-Waste Capture, Mine Methane Capture (MMC), Livestock Methane Capture, Ozone Depleting Substances (ODS) Destruction, and Transport Emissions Reduction - to name a few. Various standards have emerged in the voluntary carbon markets and can be characterized as either independent t...

Related to Carbon Offsets

  • Offsets The SBA reserves the right to offset amounts payable to the SBA from the Company, including amounts payable under the Reimbursement Contract for any Contract Year and also including the Company’s full Reimbursement Premium for the current Contract Year (regardless of installment due dates), against any

  • No Offsets The obligations of Maker under this Note shall not be subject to reduction, limitation, impairment, termination, defense, set-off, counterclaim or recoupment for any reason.

  • Minerals All minerals, crops, timber, trees, shrubs, flowers and landscaping features now or hereafter located on, under or above Land;

  • Leases The Property is not subject to any leases other than the Leases described in the rent roll attached hereto as Schedule I and made a part hereof, which rent roll is true, complete and accurate in all respects as of the Closing Date. Borrower is the owner and lessor of landlord’s interest in the Leases. No Person has any possessory interest in the Property or right to occupy the same except under and pursuant to the provisions of the Leases. The current Leases are in full force and effect and there are no defaults thereunder by any party and there are no conditions that, with the passage of time or the giving of notice, or both, would constitute defaults thereunder, except as disclosed and certified by Borrower. No Rent has been paid more than one (1) month in advance of its due date. All security deposits are held by Borrower in accordance with applicable law. All work to be performed by Borrower under each Lease has been performed as required and has been accepted by the applicable Tenant, and any payments, free rent, partial rent, rebate of rent or other payments, credits, allowances or abatements required to be given by Borrower to any Tenant has already been received by such Tenant. There has been no prior sale, transfer or assignment, hypothecation or pledge of any Lease or of the Rents received therein which is outstanding. No Tenant listed on Schedule I has assigned its Lease or sublet all or any portion of the premises demised thereby, no such Tenant holds its leased premises under assignment or sublease, nor does anyone except such Tenant and its employees occupy such leased premises. No Tenant under any Lease has a right or option pursuant to such Lease or otherwise to purchase all or any part of the leased premises or the building of which the leased premises are a part. No Tenant under any Lease has any right or option for additional space in the Improvements except as disclosed in existing Leases. Further, all Major Leases and all renewals, amendments and modifications thereof and waivers thereunder executed after the date hereof shall be subject to Lender’s prior written approval. Lender shall execute and deliver its standard form of subordination, non-disturbance and attornment agreement to Tenants under any future Major Lease approved by Lender promptly upon request, with such commercially reasonable changes as may be requested by such Tenants, and which are reasonably acceptable to Lender.

  • New Leases Continue its present rental program and efforts at such Seller’s Property to rent vacant space in accordance with past practices; provided that, without the prior written consent of the Buyer, which consent may be granted or withheld in the Buyer’s sole discretion, such Seller shall not (i) execute any new lease, license or other occupancy agreement, (ii) amend, supplement, terminate, accept the surrender of, renew or otherwise modify any existing Lease, (iii) approve any assignment or sublease of any existing Lease, or (iv) waive any right or obligation thereunder; provided, however, that, in the case of any amendment, supplement, termination, surrender, renewal or modification of any existing Lease as set forth in clause (ii) above, if such existing Lease expressly and specifically sets forth the terms of any such amendment, supplement, termination, surrender, renewal or modification and requires the landlord under the Lease to acknowledge or counter-sign the same, in which case, the Buyer’s consent shall not be required, but Seller shall provide the Buyer with written notice of (and to the extent such amendment, supplement or modification modifies the rental terms of such Lease which rental amount is not specifically stated in such Lease, the Buyer shall have an opportunity to review and comment upon) such amendment, supplement, termination, surrender, renewal or modification at least five (5) Business Days prior to the date of execution. If such Seller enters into any new lease, license or other occupancy agreement, or renews any existing Lease (each such new lease, license, occupancy agreement and renewal, a “New Lease”) after the date hereof in accordance with the terms of this Section 3.2(d), then each such lease, license, occupancy agreement and renewal shall be included in the definition of “Leases” herein and added to Schedule 3.2(c) attached hereto, shall be assigned to and assumed by the Buyer at the Closing in accordance with this Agreement. If the Buyer does not reject or approve a new lease, license, occupancy agreement, renewal or a Lease amendment within five (5) Business Days after receipt of a copy thereof, then the Buyer shall be deemed to have approved such new lease, license, occupancy agreement, renewal or Lease amendment; provided that such notice includes specific reference to this Section 3.3(d) and the deemed approval provision hereof.

  • No Offset, etc All payments by the Borrower hereunder and under any of the other Loan Documents shall be made without recoupment, setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the Administrative Agent, for the account of the Lenders or (as the case may be) the Administrative Agent, on the date on which such amount is due and payable hereunder or under such other Loan Document, such additional amount in Dollars as shall be necessary to enable the Lenders or the Administrative Agent to receive the same net amount which the Lenders or the Administrative Agent would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Administrative Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Document.

  • Oil and Gas Properties The Borrower will and will cause each Subsidiary to, at its own expense, do or cause to be done all things reasonably necessary to preserve and keep in good repair, working order and efficiency all of its Oil and Gas Properties and other material Properties including, without limitation, all equipment, machinery and facilities, and from time to time will make all the reasonably necessary repairs, renewals and replacements so that at all times the state and condition of its Oil and Gas Properties and other material Properties will be fully preserved and maintained, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts. The Borrower will and will cause each Subsidiary to promptly: (i) pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties, (ii) perform or make reasonable and customary efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties, (iii) cause each Subsidiary to do all other things necessary to keep unimpaired, except for Liens described in Section 9.02, its rights with respect to its Oil and Gas Properties and other material Properties and prevent any forfeiture thereof or a default thereunder, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts and except for dispositions permitted by Sections 9.16 and 9.17. The Borrower will and will cause each Subsidiary to operate its Oil and Gas Properties and other material Properties or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and other material Properties to be operated in a safe, careful, and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements, including the Environmental Laws.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Notice of Sales of Oil and Gas Properties In the event the Borrower or any Subsidiary intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12, prior written notice of such disposition, the price thereof and the anticipated date of closing and any other details thereof requested by the Administrative Agent or any Lender.

Time is Money Join Law Insider Premium to draft better contracts faster.