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Mitigation bank instrument definition

Mitigation bank instrument means a legal document governing the establishment and operation of a mitigation bank, which includes the compensation site plan, financial and mitigation credit provisions, site ownership and legal protection, and long-term management plans.
Mitigation bank instrument means the legally binding and enforceable agree- ment between the Director of the Depart- ment of State Lands and a mitigation bank sponsor that formally establishes the miti- gation bank and stipulates the terms and conditions of the mitigation bank’s construc- tion, operation and long-term management.
Mitigation bank instrument means the documentation of agency and bank sponsor concurrence on the objectives and administration of the bank. The "bank instrument" describes in detail the physical and legal characteristics of the bank, including the service area, and how the bank will be established and operated.

More Definitions of Mitigation bank instrument

Mitigation bank instrument means the legally binding and enforceable agreement between
Mitigation bank instrument means the legally binding and enforceable agreement between the Director of the Department of State Lands and a mitigation bank sponsor that formally establishes the mitigation bank and stipulates the terms and conditions of the mitigation bank’s construction, operation and long-term management.
Mitigation bank instrument means the documentation of agency and bank sponsor concurrence on

Related to Mitigation bank instrument

  • approved institution means an entity so named in a Certificate, as hereinafter defined. From time to time, the Fund may amend a previously delivered Certificate by delivering to the Transfer Agent a Certificate naming an additional entity or deleting any entity named in a previously delivered Certificate.

  • Bank of America means Bank of America, N.A. and its successors.

  • Bank Agreement means an agreement made by the Trustee with a Bank of a kind referred to in Clause 14(5);

  • Bank is defined in the preamble hereof.