(For legal entities and business natural persons)
„Account“ means the Client's unique Account maintained by the Company in the Application, through which the Client is entitled to transfer the Token;
„Achievement Reward“ means a reward in multiples of Token that the Company may grant to the Client for completing sub-goals in the Application;
„Allowance“ means other property value corresponding to the right to emit the equivalent of one tonne of carbon dioxide into the atmosphere as defined in the Allowance Trading Act;
„Allowance Trading Act“ refers to Act No. 383/2012 Coll., on the conditions for trading in greenhouse gas emission allowances, as amended;
„App/Application“ means the mobile application used for, inter alia, (i) Token Transfers, (ii) the Company enables its Clients the Disposal of an Allowance, (iii) the Company may provide all electronic communication (remote communication) with Clients. The App is compatible with Android and iOS operating systems and can be downloaded in the Google Play and App Store.
„Authentication Features“ means the set of security features assigned to the Client by the Company, selected by the Client or agreed between the Company and the Client for accessing the Application and entering instructions and operations within the Application and the Account, in particular, the password used for accessing the Application, PIN code for accessing the Application, SMS authorisation, biometric data (e. g., fingerprint, face ID), mobile device linked to the Account and confirmation push notifications;
„Base Limit“ means the amount of the Base Limit as specified in the Fee Schedule; if the Company has set the Base Limit in more than one currency, it shall be assessed with respect to the currency used by the Client to deposit funds into the Account; if the Client has deposited funds into the Account in more than one currency, its achievement shall be assessed with respect to the amount of the Base Limit set by the Company in all such currencies combined;
„Civil Code“ refers to Act No. 89/2012 Coll., the Civil Code, as amended;
„Client“ means a natural person or legal entity registered as the Application user with an Account, possessing a validly concluded Framework Agreement;
„Company“ means The CO2IN, a.s., with its registered office at Pobřežní 620/3, Karlín, 186 00 Prague 8, the Czech Republic, Company ID No. 09450050, registered in the Commercial Register maintained by the Municipal Court in Prague, Section B, File 25633;
„Contracting Parties“ means the Company and the Client collectively; "Contracting Party" refers to the Company and the Client individually;
„Conversion Time“ means the moment of conversion of funds credited by the Client to the Account in CZK currency into EUR currency by the Company;
„Costs“ means the funds paid by the Company to third parties in connection with the provision of the CO2IN Services under the Framework Agreement, such as bank charges for wire transfers to/from abroad and currency conversions;
„CO2IN Services“ means all services provided by the Company to the Clients under the Framework Agreement;
„CZK“ means the Czech Crown, i. e., the official monetary unit of the Czech Republic;
„Disposal of an Allowance“ means the removal of an Allowance from circulation, whereby the removal of an Allowance from circulation may indirectly reduce CO2 emissions to air;
„Documents“ means, collectively, the Framework Agreement, the GTC, the Fee Schedule, the Privacy Policy, and the EULA;
„E-Shop“ means the electronic shop operated by the Company at eshop.co2in.cz;
„EULA“ means the End User Software License (EULA) for the CO2IN Mobile App;
„EUR“ stands for Euro, the official currency unit of the Eurozone countries;
„Event of Default“ refers to a Client's breach of a legal obligation and/or obligation arising under the Framework Agreement and/or the events identified as an Event of Default in the Framework Agreement and/or the GTC;
„Fee Schedule“ means the Company's fee schedule containing a list and amount of fees charged by the Company to the Client in connection with the provision of the CO2IN Services and other parameters relating to the CO2IN Services;
„Framework Agreement“ means the framework agreement for the provision of services
associated with the CO2IN Token under which the CO2IN Services are provided;
„GDPR“ refers to EU Data Protection Regulation 2016/679;
„GTC“ refers to the current version of the General Terms and Conditions for the CO2IN Services issued by the Company;
„Limit“ means any amount specified in the Fee Schedule or an amount that the Company shall inform the Client of, other than the Base Limit;
„Privacy Policy“ refers to the Privacy Policy available at: https://co2in.com;
„Remedy“ means taking action to eliminate or mitigate the consequences of the Event of Default;
„Token“ means the virtual instrument "CO2IN" which can be disposed of in accordance with the Framework Agreement and the GTC;
„Token Disposal“ means the removal of a Token from circulation, i. e., the termination of the Token and the impossibility of its further use;
„Token Transfer“ means (i) the issuance and settlement of a Token between a Client and the Company, and/or (ii) the exchange of a Token between Clients, and/or (iii) the exchange of a Token for goods or services of another Client, and/or (iv) the provision of a service and sale of goods to other Clients in exchange for a Token;
„Verification“ means the process whereby the Client provides the Company with all documents required by the Company for the identification and/or verification of the Client and, based on the documents provided, the Company successfully completes a full identification and/or verification of the Client.
These GTC shall become valid and effective as of February 22, 2022.