Released Credits definition
Examples of Released Credits in a sentence
Released Credits will be generated once all of the following have occurred: ⚫ the IRT has approved the Mitigation Plan for the Mitigation Project; ⚫ applicable milestone(s) in the Credit Release schedule have been reached; ⚫ the Sponsor has submitted a request for Credit Release to the IRT, along with documentation substantiating that the relevant milestones have been reached; and ⚫ the IRT have provided written confirmation of Credit Release.
Sponsor signature: Transaction Date Transaction Type (Withdrawal or Release) Jurisdiction (State, Federal) Number of Credits Credit Unit (acres) State Permit Number Federal Permit Number Credit Type (HGM, ▇▇▇▇▇▇▇▇ Balance of Released Credits BUFFER - An upland, wetland, or riparian area that enhances the functions and/or protects the functions of a mitigation bank from disturbance associated with adjacent land uses.
The Sponsor will ensure that a Conservation Easement or other protection mechanism is in place prior to the first release of Released Credits.
The Sponsor may Transfer Released Credits only to Fulfill the Compensatory Mitigation requirements of Permittees or the requirements of enforcement actions by one or more IRT Member 3 Defined as, “All Habitat Plan reserves considered collectively.” involving Impacts on Aquatic Resources under the jurisdiction of such IRT Member.
As Released Credits are produced by in-lieu fee projects, they must be used to Fulfill any Advance Credits that have already been provided within a Service Area before any remaining Released Credits can be sold or transferred to Permittees.
Notwithstanding anything to the contrary, in addition to proceeds received from sales of any Released Credits, Wingfoot may retain one hundred percent (100%) of the Exercise Price and none of the Exercise Price shall be required to be put into any escrow or otherwise withheld.
The IRT will determine the number of Credits necessary to Fulfill a ▇▇▇▇▇▇▇▇▇'s, project proponent's, or violator's Compensatory Mitigation requirements, and will also determine the number of Released Credits that each Mitigation Project will generate as it is completed, based on the achievement of applicable Performance Standards as reflected in the Mitigation Project's Credit Release schedule.
The Company acknowledges and agrees that Mortgage Loans and Mortgage- backed Securities are property of a type customarily sold on a recognized market, and that accordingly the Agent may (a) sell or otherwise dispose of the Collateral without notification, advertisement, or other notice of any kind, and (b) purchase the Collateral at a private sale thereof.
The Specified Difference shall be an amount equal to the product of the number of Raw Water Credits (including the Released Credits) sold by Wingfoot to a third-party and the difference between the Base Amount and the cash-in-lieu requirement set for that year (“Specified Difference”) which shall be considered liquidated damages pursuant to Section 14.2.C (Remedies, Generally).
The ILF Annual Report will list and summarize: ⚫ A list of all permits (including the USACE permit number); ⚫ the amount of authorized Impacts giving rise to such Transfers of Credits; ⚫ the amount of required Compensatory Mitigation; ⚫ the amount paid to the Program for Transfers of Released Credits; ⚫ the date(s) the funds were received from applicable Permittees for such Credits; and ⚫ the amount of Released Credits generated by Mitigation Projects.