Green Clause

A clause in a letter of credit allowing one to take out an advance loan before a shipment is sent if one puts up some collateral, often demonstrated by warehouse receipts. For example, a farmer may utilize a green clause to receive financing for operations, using his crops in a warehouse as collateral. A green clause is most common in contracts relating to agricultural commodities.

References in periodicals archive

Furthermore, investors may seek penalties for a green default, whereby a bond is paid in full but the issuer breaks agreed green clauses.

Green bond issuers guide

By signing "green clauses" MAF encourages tenants to adopt environmentally friendly procedures and even awards "green star" ratings to environmentally efficient ones.

SHOW ME THE CSR

We are also seeing specific green clauses appearing in tenders for government departments.

Greener pastures

MAF engages in active dialogue with its tenants in order to reduce energy waste in their stores and encourage environmentally friendly procedures such as tenants signing "green clauses".

Daily CSR practices 'can drive growth'

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.