Project Operation and Management Clause Samples
The Project Operation and Management clause defines the responsibilities and procedures for overseeing and administering the day-to-day activities of a project. It typically outlines who is in charge of project supervision, how decisions are made, and the standards or protocols to be followed during project execution. For example, it may specify reporting requirements, communication channels, or the authority to resolve operational issues. This clause ensures that the project is managed efficiently and consistently, reducing misunderstandings and providing a clear framework for operational decision-making.
Project Operation and Management. (a) The Project Participant shall implement the Project as a CDM project activity and carry out the Project in accordance with the Monitoring Plan, the Applicable Rules and the provisions of this Agreement.
(b) The Project Participant shall satisfy any obligations under, or in respect of, applications for all Consents required by the Applicable Rules to implement, operate and maintain the Project.
(c) The Project Participant shall ensure that Verification will at all times be performed by a duly accredited DOE.
Project Operation and Management. The PROJECT MANAGER shall implement the Project as a Forest carbon project activity and carry out the Project in accordance with the Project Design Documents, the REGISTRY, and the Applicable Rules and the Provisions of this Agreement. The PROJECT MANAGER shall satisfy any obligations under, or in respect of, applications for all Consents required by the REGISTRY PROTOCOLS to implement, operate and maintain the Project. The PROJECT MANAGER shall ensure that Verification will at all times be performed by a duly accredited independent third party. ACQUISITION OF CERTIFIED EMISSION REDUCTIONS Acquisition In consideration of GLOBAL FOREST RESOURCES allowing the PROJECT to be registered as a FOREST CARBON PROJECT with a crediting period beginning at Registration, the PROJECT MANAGER agrees to Deliver to the PURCHASER and the PURCHASER agrees to acquire the specified number OFFSETS at the agreed upon price. If in respect of any Verification Period the number of Contract OFFSETS delivered is less than the number set out for such Verification Period in the Delivery Schedule, the PROJECT MANAGER shall at the first request of the PURCHASER deliver to the PURCHASER the agreed amount of OFFSETS or, at the sole discretion of the PURCHASER taking into consideration the fundamental principles of the GLOBAL FOREST RESOURCES certification protocols, deliver to the PURCHASER the Shortfall Units to ensure that the aggregate amount of OFFSETS received by the PURCHASER in respect of the relevant Verification Period shall equal the amount set out in the Delivery Schedule. DELIVERY; DELIVERY DATE Delivery Delivery of Contract OFFSETS takes place upon the PROJECT MANAGER forwarding such OFFSETS to, and the receipt of such OFFSETS by the PURCHASER in the Delivery Account. Delivery of Shortfall Units takes place, in case of (I) OFFSETS upon (i) the Registry administrator forwarding such OFFSETS to, and the receipt of such OFFSETS by the PURCHASER in, the Delivery Account, or (ii) the transfer of such OFFSETSs by the PROJECT MANAGER to the PURCHASER in accordance with the REGISTRY, and (II) OFFSETS upon the transfer of such OFFSETS by the PROJECT MANAGER to the PURCHASER. Delivery Date The PROJECT MANAGER shall procure Delivery of all Contract OFFSETS immediately upon their Issuance in accordance with the PURCHASER delivery schedule (Appendix A). Delivery of any Shortfall Units shall be made by the PROJECT MANAGER not later than twelve (12) weeks after the PURCHASER has requested th...
Project Operation and Management