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2012-050
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2012-050
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Last modified
12/17/2015 1:13:47 PM
Creation date
10/1/2015 4:13:16 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
First Amendment
Approved Date
03/13/2012
Control Number
2012-050
Agenda Item Number
15.B.7
Entity Name
INEOS New Planet BioEnergy LLC
SWDD
Subject
First Amendment Landfill Gas Interconnect
Archived Roll/Disk#
112-R-0001
Supplemental fields
SmeadsoftID
11002
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I Parties agree to delete section 12 . 4 in its entirety and replace it with the following : <br /> " The remedies provided in this Agreement shall supplement the remedies <br /> available to the Parties under the FS Agreement, and the remedies available at law <br /> and in equity ; however, neither Party shall be entitled to recover consequential <br /> damages , punitive damages , delay damages , or lost profits of any kind . This <br /> provision shall not operate to limit the liability of either Party to the other, for <br /> liability which may arise out of the agreement between the Company and the <br /> Marketer, pursuant to section 7 . 3 (b) above . " <br /> 3 . Parties agree to add a new section 7 . 4 , as follows : <br /> " 7 . 4 . District makes the following additional representations to Company <br /> in connection with Company ' s efforts to market and sell the District ' s Project <br /> Credits . For the purposes of these representations (a) the term " Credits" shall <br /> have the same meaning as the term "ERB " in the Company ' s Agreement for the <br /> Development, Verification, Registration, and Marketing of Greenhouse Gas <br /> Emission Reduction Benefits with Blue Source LLC , dated February 24 , 2012 <br /> ("Blue Source Agreement") , (b) the term "Project" shall have the meaning set <br /> forth in the Blue Source Agreement, and (c ) the term "ERB Regime" shall mean <br /> the Climate Action Reserve , or any other registry mutually agreed to by the <br /> Parties : <br /> a) District hereby grants to Company the exclusive right to <br /> market all District Project Credits, <br /> b) District hereby transfers to Company the title to any <br /> District Project Credits for the sole purpose of marketing <br /> and selling the credits pursuant to the Company ' s <br /> agreement with the Marketer . Upon expiration of the <br /> Company ' s agreement with the Marketer, title to any <br /> District Project Credits which have not been sold to a third <br /> party shall automatically , and without any further action by <br /> the Parties , revert to the District, <br /> C) The District has good and marketable title to all District <br /> Project Credits , and such credits are free and clear of all <br /> encumbrances , <br /> d) The District has not claimed and will not claim any of the <br /> District Project Credits as part of its own carbon inventory , <br /> carbon footprint, or other carbon statement or declaration, <br /> and <br /> e) The Project operates in material compliance with all <br /> requirements of the ERB Regime and applicable law, <br /> although, for the purposes of marketing and selling the <br /> District Project Credits , the District does not make and <br /> affirmatively disclaims any guarantees , representations , or <br /> 2 <br /> LFC Interconnect Agrmnt - I st Amdmt (2) <br />
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