Emissions Allowances definition
Emissions Allowances means authorizations under state or federal (as applicable) air quality regulations to emit either one ton of nitrogen oxides (“NOx”) or sulfur dioxide (“SO2”) at any time during any applicable calendar year.
Emissions Allowances means all authorizations issued to Transferor by a Governmental Authority pursuant to a statutory or regulatory program promulgated by a Governmental Authority pursuant to which air emissions sources subject to the program are authorized to emit a prescribed quantity of air emissions.
Emissions Allowances means an authorization, whether perfected or un-perfected, filed or un-filed, under Environmental Law by a Governmental Authority for any air emissions source at any Acquired Real Property to emit a specified amount of any air pollutant under an emissions budget or similar formal trading program. This specifically includes SO2 and NOX allowances under the applicable federal programs, as well as allowances for these or other emissions, including volatile organic compounds, carbon or carbon equivalents, issued or authorized under any applicable federal, state, local, or regional Environmental Laws.
Examples of Emissions Allowances in a sentence
At Closing, a Schedule 2.1(a)(xi) shall be added to the Disclosure Schedules listing all existing Emissions Allowances under (A), above.
More Definitions of Emissions Allowances
Emissions Allowances means any and all “Allowances” as that term is defined in the Clean Air Act, 42 U.S.C. § 7401 et seq., as amended from time to time, and any regulations and requirements promulgated thereunder, including but not limited to the definition of “Allowance” as set forth in Title IV of the Clean Air Act or any other cap-and-trade program or any other program requiring Allowances or credits under the Clean Air Act, as amended from time to time, and any regulations and requirements thereunder.
Emissions Allowances means an authorization by a state or federal regulatory agency, as authorized by laws and regulations applicable to the Facility, to emit a specified amount of air pollutant under an emissions budget trading program. This specifically includes the definition of SO2 and NOx allowances under the Federal Acid Rain program (40 CFR 72), the NOX Budget Trading Program (40 CFR 96), the CAIR NOx Trading Program (40 CFR 96 Subpart AA), and the CAIR SO2 Trading Program (40 CFR 96 Subpart AAA), and any approved regulations implementing these provisions as adopted by the NC State Implementation Plan.
Emissions Allowances means, collectively, NOx Allowances and SO2 Allowances.
Emissions Allowances means all authorizations by a Governmental Body with jurisdiction over the Generating Facility with respect to any of the Purchased Assets under any of the Environmental Laws to emit specified units of pollutants or Hazardous Materials from the Generating Facility during a calendar year or other period of time, including (i) an authorization by the USEPA under the Acid Rain Program of the federal Clean Air Act or from Ohio under any trading program for nitrogen oxide (NOx) or sulfur dioxide (SOx), (ii) any other USEPA or state program for air emissions or (iii) any pollution reduction program with a similar purpose, in each case regardless of whether the Governmental Body establishing such authorizations designates such authorizations by a name other than “allowances.”
Emissions Allowances means (a) any and all emissions allowances, credits, allocations, and offsets as those terms are defined or otherwise regulated in the Clean Air Act and any regulations and requirements promulgated thereunder, including Acid Rain requirements, the Cross State Air Pollution Rule, and any successor programs and amendments thereto, and (b) any other federal or state legislation and/or regulations with a similar purpose to create or otherwise provide for emissions allowances, credits, allocations, or offsets including carbon and/or greenhouse gas emissions, whether now in effect or promulgated after the Effective Date.
Emissions Allowances. All present and future authorizations to emit specified units of pollutants or Hazardous Substances, which units are established by the Governmental Authority with jurisdiction over the Generation Facilities and the Water Treatment Facilities under (i) an air pollution control and emission reduction program designed to mitigate global warming, interstate or intrastate transport of air pollutants; (ii) a program designed to mitigate impairment of surface waters, watersheds, or groundwater; or (iii) any pollution reduction program with a similar purpose. Allowances include allowances, as described above, regardless as to whether the Governmental Authority establishing such allowances designates such allowances by name other than "allowances."
Emissions Allowances means any emission credits, emission allowances, or other appropriate entitlements issued pursuant to applicable Environmental Laws that have been allocated to the Purchased Assets by any Governmental Authority.