Receiving Party - IETA Provision
IETA Emissions Trading Master Agreement
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Receiving Party in all its glory
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The person doing the buying, or who has bought the option to take Transfer, the Allowances to the other party whom, logic and the good graces of IETA’s crack drafting squad™ confirm, should be best known as the Delivering Party. Forgive us, but on occasion, we are minded to abbreviate these to “DP” and “RP”. Otherwise everything gets a bit wordy.
- The JC’s famous Nutshell™ summary of this clause