owner of land; other party to the agreement. Note Land is defined to include any interest in land which may include a forest carbon right. 61 Security A Forestry and Carbon Management Agreement may include conditions— a party to the agreement to deposit with a person specified in the agreement— sum of money fixed in, or determined in accordance with, the agreement; or (ii) an undertaking to pay that sum together with security in a form determined by or in accordance with the agreement; or (iii) any other form of security provided for, by or under the agreement; or the sum or part of the sum to be forfeited if there is any failure by the owner to carry out the agreement; or that any money deposited must be returned to the relevant party on a date or dates specified to the extent that it has not been forfeited. 62 Commencement of Forestry and Carbon Management Agreement (1) A Forestry and Carbon Management Agreement comes into effect on— date that it is executed by the parties; or later date specified in the agreement.
owner of land; other party to the agreement. Note Land is defined to include any interest in land which may include a forest carbon right. 61 Security A Forestry and Carbon Management Agreement may include conditions— a party to the agreement to deposit with a person specified in the agreement— sum of money fixed in, or determined in accordance with, the agreement; or (ii) an undertaking to pay that sum together with security in a form determined by or in accordance with the agreement; or (iii) any other form of security provided for, by or under the agreement; or the sum or part of the sum to be forfeited if there is any failure by the owner to carry out the agreement; or that any money deposited must be returned to the relevant party on a date or dates specified to the extent that it has not been forfeited. 62 Commencement of Forestry and Carbon Management Agreement (1) A Forestry and Carbon Management Agreement comes into effect on— date that it is executed by the parties; or later date specified in the agreement.
17-005a.docx