Issuance of CRTs Sample Clauses

Issuance of CRTs. The Reserve shall issue CRTs to Forest Owner in amounts to be determined by the Reserve, in its reasonable discretion, based on the determination of the Reserve-approved verification body in accordance with the Forest Project Protocols, at which time the Forest Owner shall have the right to control said CRTs. Nothing in this Section 3 shall be construed or interpreted as giving Forest Owner any right to ongoing CRTs or obligating the Reserve to issue CRTs to the Forest Project or Forest Owner in the future.
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Issuance of CRTs. The Reserve shall issue CRTs to Project Owner in amounts to be determined by the Reserve, in its reasonable discretion, based on the determination of the Reserve-approved verification body in accordance with the Grassland Project Protocol, at which time the Project Owner shall have the right to control said CRTs. Nothing in this Section 3 shall be construed or interpreted as giving Project Owner any right to ongoing CRTs or obligating the Reserve to issue CRTs to the Grassland Project or Project Owner in the future. Due to technical limitations of the Reserve Tracking System, CRTs may pass through the account of another account holder before reaching the account of the Project Owner. This procedure does not imply any ownership of the CRTs by an account holder other than the Project Owner.
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Issuance of CRTs. Within five (5) days of the Effective Date, the Reserve shall issue CRTs to Forest Owner, at which time the Forest Owner shall have the right to control said CRTs. Nothing in this Section 2 shall be construed or interpreted as giving Forest Owner any right to additional CRTs or obligating the Reserve to issue additional CRTs to the Forest Project or Forest Owner in the future.
Sample 1
Issuance of CRTs. The Reserve shall issue CRTs to Project Owner in amounts to be determined by the Reserve, in its reasonable discretion, based on the determination of the Reserve-approved verification body in accordance with the Canada Grassland Protocol, at which time the Project Owner shall have the right, title and interest in the said CRTs. Nothing in this Section 3 shall be construed or interpreted as giving Project Owner any right to ongoing CRTs or obligating the Reserve to issue CRTs to the Grassland Project or Project Owner in the future. Due to technical limitations of the Reserve Tracking System, CRTs may pass through the account of another account holder before reaching the account of the Project Owner. This procedure does not imply any ownership of the CRTs by an account holder other than the Project Owner. Commented [BZ1]: If the project chooses a permanence commitment shorter than 100 years that needs to be established here. If projects are stacked new permanence commitments are necessary.
Sample 1
Issuance of CRTs. The Reserve shall issue CRTs to Grassland Owner in amounts to be determined by the Reserve, in its reasonable discretion, based on the determination of the Reserve-approved verification body in accordance with the Grassland Project Protocol, at which time the Grassland Owner shall have the right to control said CRTs. Nothing in this Section 3 shall be construed or interpreted as giving Grassland Owner any right to ongoing CRTs or obligating the Reserve to issue CRTs to the Grassland Project or Grassland Owner in the future.
Sample 1

Related to Issuance of CRTs

  • Issuance of Bonds Subject to the satisfaction of and compliance with all of the provisions, covenants and requirements of this Agreement, in order to provide funds for the payment of the Project Costs, the Issuer has authorized the issuance and delivery of the Bonds to the Initial Purchaser in accordance with the Indenture.

  • Issuance of Notes The Owner Trustee is hereby authorized and directed on behalf of the Trust to execute, issue and deliver the Notes pursuant to the Indenture.

  • Issuance of Shares The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will not impose personal liability upon the holder thereof.

  • Issuance of Payments Payments shall be delivered as follows:

  • Issuance of Securities The Convertible Debentures are duly authorized and, upon issuance in accordance with the terms hereof, shall be duly issued, fully paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof. The Conversion Shares issuable upon conversion of the Convertible Debentures have been duly authorized and reserved for issuance. Upon conversion or exercise in accordance with the Convertible Debentures the Conversion Shares will be duly issued, fully paid and nonassessable.

  • Issuance of New Rights Certificates Notwithstanding any of the provisions of this Agreement or of the Rights to the contrary, the Company may, at its option, issue new Rights Certificates evidencing Rights in such form as may be approved by the Board of Directors to reflect any adjustment or change in the Purchase Price and the number or kind or class of shares or other securities or property purchasable under the Rights Certificates made in accordance with the provisions of this Agreement. In addition, in connection with the issuance or sale of shares of Common Stock following the Distribution Date and prior to the redemption or expiration of the Rights, the Company (a) shall, with respect to shares of Common Stock so issued or sold pursuant to the exercise of stock options or under any employee plan or arrangement, granted or awarded as of the Distribution Date, or upon the exercise, conversion or exchange of securities hereinafter issued by the Company, and (b) may, in any other case, if deemed necessary or appropriate by the Board of Directors of the Company, issue Rights Certificates representing the appropriate number of Rights in connection with such issuance or sale; provided, however, that (i) no such Rights Certificate shall be issued if, and to the extent that, the Company shall be advised by counsel that such issuance would create a significant risk of material adverse tax consequences to the Company or the Person to whom such Rights Certificate would be issued, and (ii) no such Rights Certificate shall be issued if, and to the extent that, appropriate adjustment shall otherwise have been made in lieu of the issuance thereof.

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