Examples of GHG Regulations in a sentence
Success of U.S. Climate Pledge Depends on Future GHG Regulations of U.S. Industry, Other Sectors.
SCE is not liable for Seller’s failure to satisfy its AB 32 Compliance Obligation or otherwise comply with AB 32 or the GHG Regulations.
SCE shall fulfill its AB 32 Reimbursement Obligation to Seller in accordance with the Compliance Periods and deadlines associated therewith outlined in the GHG Regulations for timely surrender of compliance instruments.
Seller covenants that (i) from the commencement of the Delivery Period until the end of the Term, it shall be registered with the CARB to hold Offset Credits as necessary to comply with its obligations under this Agreement, and (ii) throughout the Term, it shall comply with all requirements applicable to Seller and/or the Project under AB 32 and/or the GHG Regulations with respect to its obligations under this Agreement.
Title to, and risk of loss, invalidation, cancellation or removal of each Offset Credit conveyed and delivered to Seller by SCE transfers from SCE to Seller upon SCE’s conveyance and delivery to Seller, including and without limitation, any such loss, invalidation, cancellation or removal by an authorized Governmental Authority in accordance with the GHG Regulations.
Allocated, issued or has the right to obtain GHG Credits for a portion of, or its entire fleet of generating units (all or some of the generating units owned, managed, or controlled by Seller that are subject to the GHG Regulations) (“Seller’s Fleet”), then Seller shall obtain and utilize a proportional amount of such GHG Credits to mitigate SCE’s AB 32 Reimbursement Obligation at no cost to SCE.
If Seller is not eligible for an exemption under AB 32 or the GHG Regulations, SCE shall reimburse Seller for the AB 32 Reimbursement Obligation incurred during any Put Delivery Period; provided that: Upon SCE’s conveyance and delivery of Offset Credits or equivalent financial settlement, SCE shall have fulfilled its obligation under this Agreement to compensate Seller for the purported AB 32 Reimbursement Obligation.
If Seller is not eligible for an exemption under AB 32 or the GHG Regulations, Buyer shall reimburse Seller for the AB 32 Reimbursement Obligation, provided that: Upon Buyer’s conveyance and delivery of Offset Credits or equivalent financial settlement, Buyer shall have fulfilled its obligation under this Agreement to compensate Seller for the purported AB 32 Reimbursement Obligation.
Seller covenants that (i) from the commencement of the Term until the end of the Term, it shall be registered with the CARB to hold Offset Credits as necessary to comply with its obligations under this Agreement, and (ii) throughout the Term, it shall comply with all requirements applicable to Seller and/or the Generating Facility under AB 32 and/or the GHG Regulations with respect to its obligations under this Agreement.
Buyer is not liable for Seller’s failure to satisfy its AB 32 Compliance Obligation or otherwise comply with AB 32 or the GHG Regulations.