THE RESERVE. Climate Action Reserve, a California nonprofit public benefit corporation By: Name: Title: FOREST OWNER By: Name: Title: By: Name: Title: EXHIBIT A FOREST PROJECT PROTOCOL EXHIBIT B FOREST PROJECT VERIFICATION PROTOCOL EXHIBIT C LEGAL DESCRIPTION OF THE PROPERTY EXHIBIT D FOREST PROJECT APPROVED FORM EXHIBIT E BASELINE FOR THE FOREST PROJECT EXHIBIT F FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT EXHIBIT G BUFFER POOL CONTRIBUTION TABLE EXHIBIT H SUBORDINATION OF PROJECT IMPLEMENTATION AGREEMENT EXHIBIT I
THE RESERVE. Climate Action Reserve, a California nonprofit public benefit corporation By: Name: Xxxx Xxxx Title: President PROJECT OWNER [insert name of entity, type of entity] By: Name: [insert name of signator] Title: [insert title of signator] EXHIBIT LIST Exhibit A: Legal Description of the Property Exhibit B: Form of Greenhouse Gas Reduction Rights Contract Exhibit C: Grassland Project Monitoring Plan (Approved Version) Exhibit D: Form of Assignment and Assumption of Project Implementation Agreement and Greenhouse Gas Reduction Rights Contract EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY (See attached) EXHIBIT B FORM OF GREENHOUSE GAS REDUCTION RIGHTS CONTRACT6 THIS GREENHOUSE GAS REDUCTION RIGHTS CONTRACT (“Contract”) is made as of the [ ] day of [ ], 20 , by and between [ ], [a ] (“Grassland Owner” [and/or “Qualified Easement Holder”] or “Grantor”) and [ ], a [ ] (“Project Owner” or “Grantee”). Capitalized terms used and not otherwise defined shall have the meanings ascribed to them in that certain Project Implementation Agreement referenced below. The Grassland Owner and Project Owner shall hereinafter be referred to each as a “Party” and collectively as the “Parties”.
THE RESERVE. 1. The Reserve shall consist of wheat or rice or a combination thereof, (hereinafter referred to as foodgrains) earmarked by the member countries exclusively for the purpose described in Article III The foodgrains forming part of the Reserve shall remain the property of the member country that has earmarked them and shall be in addition to any national reserve that may be maintained by that member country.
THE RESERVE. (a) Lender shall hold the Reserve in one or more accounts (the "Accounts") invested at such financial institution as Lender shall select, in its sole discretion, from time to time, so long as the funds in such accounts are readily available for release to Borrower pursuant to the terms of this Agreement. Lender has selected, and Borrower has hereby approved, both Citibank, N.A. and Bank of New York Mellon (individually and collectively, as the case may be, the "Bank") to serve as the initial depositary for the Reserve, and Borrower agrees that any loss of funds while in the hands of the Bank is at the risk of the Borrower. Borrower further acknowledges and agrees to be fully responsible for any and all fees charged by the Bank for the Accounts that are maintained therein. Lender reserves the right in its sole discretion to move the Accounts to another bank in the event the Bank fails to satisfy Lender or rating agency criteria, subject to the reasonable approval of Borrower (so long as no Event of Default has then occurred and is continuing under this Agreement or any of the other Loan Doocuments), which approval shall not be unreasonably withheld, conditioned or delayed. Loan No. 526618:11
THE RESERVE. Fifteen percent (15%) of the aggregate principal balances of the Portfolio of Purchased Receivables shall be the Reserve. RFC shall hold the Reserve which shall be interest bearing, with interest credited to the Reserve on the first business day of each calendar month, at the per annum rate of interest published in the Wall Street Journal (Eastern Edition) under the designation "Money Rates" and described as "London Interbank Offered Rates" for a one month period ("30-day LIBOR"). If such rate is no longer published or available, RFC will choose a substitute rate based upon an index utilizing reasonably comparable information. Such interest rate shall fluctuate monthly and be reset on the first day of each calendar month based on the 30-day LIBOR in effect on such date. RFC shall hold the full amount of the Reserve as collateral security for the prompt payment and performance of the Portfolio of Purchased Receivables subsequent to the satisfaction by Seller and Guarantor of their direct recourse repurchase obligations as is more particularly set forth in Paragraph 10 hereof. Provided that no default or Material Default has occurred by Seller hereunder or by Guarantor under the Guarantee, RFC will, commencing on March 31, 2004 and continuing until the last day of each calendar quarter thereafter, release such amount of the Reserve then being held by RFC as is in excess of One Hundred Ten percent (110%) of the then existing principal balances of the remaining Receivables in the Portfolio of Purchased Receivables. RFC may deduct from the Reserve, any sums due to RFC and not paid by Seller or Guarantor pursuant to PARAGRAPH 10 hereof and may also deduct from the Reserve all sums due as a result of Delinquent Receivables which are in excess of the maximum amount of repurchase due from Seller in the event that Seller has honored its obligations under Paragraph 10 hereof. The Reserve, or remaining balance thereof, will be released to Seller when RFC has recovered the Purchase Price, all principal and all contractual interest on all Receivables included in the Portfolio of Purchased Receivables and all fees, costs and expenses due to it in full in good funds. Nothing contained herein shall prohibit Seller and RFC from discussing and agreeing to a reduction of the Reserve on and after March 31, 2004 in excess of that provided for herein should the Portfolio of Purchased Receivables perform with a decreased default and delinquency rate from that anticipated by RFC i...