Buffer Credits definition

Buffer Credits. [if applicable] are units of measure representing non-habitat areas that increase the overall ecological functioning of the bank, or buffer the bank property against edge effects from adjacent land use. One Buffer Credit is equivalent to two acres (0.5 credits/ acre), or as otherwise defined in Exhibit E-1.
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Examples of Buffer Credits in a sentence

  • Buffer Credits -- Banker agrees to sell, and the City agrees to purchase 135,791 square feet of Buffer Credits at a cost of $0.90 per credit from the ▇▇▇▇▇▇▇ Creek Riparian Buffer Mitigation Bank or alternative approved Buffer Mitigation Bank Site, which bank is located within the service area where the City’s impacts are located, for a total payment of $122,211.90 (“Buffer Credit Payment”).

  • Banker represents that the Buffer Credits to be sold to the City will be available on or before July 1, 2012 (“Buffer Credit Release Date”) and anticipates having the Buffer Credits approved for release by the applicable authorities, including, but not limited to, the North Carolina Department of the Environment and Natural Resources-Division of Water Quality or the United States Army Corps of Engineers, on or before the Buffer Credit Release Date.

  • The delivery of the Buffer Credits to the City shall be evidenced by the issuance of affidavits of Buffer Credit sales and copies of the applicable bank credit ledgers by the Banker within 10 days of receipt of the Buffer Credit Payment from the City.

  • If the Buffer Credits are available prior to the Buffer Credit Release Date, Banker shall deliver the Credits to City no later than ten (10) days from the date of receipt of the Buffer Credit Payment from the City.

  • Banker shall provide written notification to the City immediately when the Buffer Credits are available for release, but no later than July 1, 2012.

  • Banker agrees to sell, and the City agrees to purchase 326 Stream Credits at a cost of $335.00 per credit and 135,791 of Buffer Credits at a cost of $0.90 per credit for a total payment of $231,421.90 (“Purchase Price”) from ▇▇▇▇▇▇▇ Creek Mitigation Bank (DWQ Project #▇▇▇▇▇▇▇▇), which service the area where the City’s impacts are occurring.