"Account Holder Project Transfer Form" - California

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Account Holder Project Transfer Form
This Account Holder Project Transfer Form (“Transfer”) is entered into this ______ day of
_______, 20_____ by the following parties:
PROJECT DEVELOPER TRANSFEROR: ____________________________________
(“Transferor”)
PROJECT DEVELOPER TRANSFEREE: _____________________________________
(“Transferee”), in regards to:
Project Name: ______________________________________ (referred to as the “Project”).
Project Number (e.g. CAR###): ________________
Project Location (physical address): __________________________________________
Project Type: ____________________________________________________________
WHEREAS, the Transferor is an Account Holder and Project Developer in the Climate Action
Reserve’s registry program (the “Program”), an electronic system to serialize, transfer, track,
and report carbon dioxide-equivalent emission reductions and Climate Reserve Tonnes
(“CRTs”) as defined in the Climate Action Reserve Program Manual available at
http://www.climateactionreserve.org/how-it-works/program/program-manual/;
WHEREAS, the Transferee is an Account Holder in the Program of the Reserve.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereby agree that Transferor transfers the Project
to Transferee as follows:
1. The Transferor and Transferee acknowledge that the Project remains otherwise
unchanged, except in relation to the transfer of title to emissions reductions and the
management of the project from Transferor to Transferee .
2. The Transferor and Transferee understand and hereby acknowledge that this transfer is
on a going-forward basis only with respect to unissued CRTs. Any previously registered
CRTs that were registered under Transferor’s account will not be transferred along with
the Project. Any transfers of previously registered CRTs between account holders must
occur via the Reserve program per guidance in the External Operating procedures, and
are contingent upon full payment of all CRT issuance and transfer fees.
3. The Transferor and Transferee understand and hereby acknowledge that after the
Project transfer has been approved by the Reserve and the Project is transferred to the
Transferee, any CRTs that are registered to the Project after the Project is transferred
will be deposited in Transferee’s account, contingent upon full payment of all CRT
issuance fees, and shall be the property of Transferee.
4. The Transferor and Transferee understand and hereby acknowledge that this Agreement
is not a guarantee or pre-authorization of CRTs, and that CRTs will only be issued
consistent with the Reserve’s project protocols and practices.
Account Holder Project Transfer Form
This Account Holder Project Transfer Form (“Transfer”) is entered into this ______ day of
_______, 20_____ by the following parties:
PROJECT DEVELOPER TRANSFEROR: ____________________________________
(“Transferor”)
PROJECT DEVELOPER TRANSFEREE: _____________________________________
(“Transferee”), in regards to:
Project Name: ______________________________________ (referred to as the “Project”).
Project Number (e.g. CAR###): ________________
Project Location (physical address): __________________________________________
Project Type: ____________________________________________________________
WHEREAS, the Transferor is an Account Holder and Project Developer in the Climate Action
Reserve’s registry program (the “Program”), an electronic system to serialize, transfer, track,
and report carbon dioxide-equivalent emission reductions and Climate Reserve Tonnes
(“CRTs”) as defined in the Climate Action Reserve Program Manual available at
http://www.climateactionreserve.org/how-it-works/program/program-manual/;
WHEREAS, the Transferee is an Account Holder in the Program of the Reserve.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereby agree that Transferor transfers the Project
to Transferee as follows:
1. The Transferor and Transferee acknowledge that the Project remains otherwise
unchanged, except in relation to the transfer of title to emissions reductions and the
management of the project from Transferor to Transferee .
2. The Transferor and Transferee understand and hereby acknowledge that this transfer is
on a going-forward basis only with respect to unissued CRTs. Any previously registered
CRTs that were registered under Transferor’s account will not be transferred along with
the Project. Any transfers of previously registered CRTs between account holders must
occur via the Reserve program per guidance in the External Operating procedures, and
are contingent upon full payment of all CRT issuance and transfer fees.
3. The Transferor and Transferee understand and hereby acknowledge that after the
Project transfer has been approved by the Reserve and the Project is transferred to the
Transferee, any CRTs that are registered to the Project after the Project is transferred
will be deposited in Transferee’s account, contingent upon full payment of all CRT
issuance fees, and shall be the property of Transferee.
4. The Transferor and Transferee understand and hereby acknowledge that this Agreement
is not a guarantee or pre-authorization of CRTs, and that CRTs will only be issued
consistent with the Reserve’s project protocols and practices.
5. Parties attest that for previously registered projects, this project transfer complies with all
applicable laws and Reserve protocol requirements, and is consistent with any
restrictions on the associated Project property.
6. While this Agreement satisfies the Reserve’s requirements for transferring the above
project, all parties understand and accept that this Agreement is unrelated to the
requirements of the California Air Resources Board’s regulations. The Reserve makes
no warranty in this regard. (See Sections 95801 to 96022 of the California Code of
Regulations for details of the State’s cap-and-trade program.)
7. The Transferor and Transferee understand and hereby acknowledge that after the
project transfer has been accepted by the Reserve and the project is officially transferred
in the program, a new Conflict of Interest evaluation (including submittal of a new
NOVA/COI form) must be completed for Transferee, with respect to (but not limited to)
potential verification bodies and any additional consulting staff hired by Transferee.
8. This form is a document of the Climate Action Reserve, not a contract for services
between transferor and transferee. It is the Reserve’s expectation that Transferor and
Transferee develop and execute appropriate external legal contracts to fully define their
business relationship. The Transferee and Transferor understand and hereby
acknowledge and agree to indemnify, hold harmless, and defend, using counsel
appointed by the Reserve (collectively, “Indemnify”), the Reserve and its directors,
officers, employees, agents, contractors and representatives (the “Indemnified Parties”)
from and against all damages, liabilities, penalties, costs, losses, expenses, causes of
action, claims, demands, or judgments, including without limitation, reasonable attorneys’
fees and legal costs (collectively, “Damages”), arising from or in any way connected to
any claim by any individual, partnership, firm, association, corporation, limited liability
company, trust and any other form of governmental or business entity (“Person”) in
connection with any of the following: the transfer of this project, the sale of property or
services or any future CRTs that may be issued in connection with the above project.
I declare that all statements contained herein are true and correct, to the best of my
knowledge, and are made with full knowledge that the Reserve and all users of the Program rely
upon the truth of the statements contained in this Project Transfer Attestation Form. I am duly
authorized to make this declaration on behalf of my organization.
PROJECT DEVELOPER TRANSFEROR
PROJECT DEVELOPER TRANSFEREE
Name: _____________________________
Name: _______________________________
Title: ______________________________
Title: ________________________________
Organization Name:
Organization Name:
___________________________________
_____________________________________
Phone: ____________________________
Phone: _______________________________
E-mail: ____________________________
E-mail: ______________________________
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