Qualified Conservation Easement definition

Qualified Conservation Easement means a qualified con- servation contribution (as defined in section 170(h)(1)) of a qualified real property interest (as defined in section 170(h)(2)(C)), except that clause (iv) of section 170(h)(4)(A) shall not apply, and the restriction on the use of such interest described in section 170(h)(2)(C) shall include a prohibition on more than a de minimis use for a commercial recreational activity.
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Qualified Conservation Easement means a conservation easement that explicitly refers to the requirements of the regulation and this protocol and apply to current and all subsequent forest owners for the full duration of the forest project’s life. To be “qualified” for purposes of ARB’s compliance offset program, the conservation easement must be granted by the owner in fee to a qualified holder of a conservation easement in accordance with the conservation easement enabling statute of the state in which the project is located; be perpetual in duration; and expressly acknowledge that ARB is a third party beneficiary of the conservation easement with the right to enforce all obligations under the easement and all other rights and remedies, including standing as an interested party in any proceeding affecting the easement, conveyed to the holder of the easement.
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Qualified Conservation Easement means a limitation in the form of a restriction, easement, covenant or condition which has been executed by the Grassland Owner or the Grassland Owner’s duly appointed representative, has been recorded in the Official Records of the County in which the Property is located, and is binding on all heirs, successors, and assigns of Grassland Owner and requires the Property to be retained and managed for the entire Term (and any extensions thereof) in a manner that is fully consistent with the Grassland Project Protocols, this Agreement (which Agreement may be attached to and incorporated into the Qualified Conservation Easement by reference), 9 Remove if Grassland Owner holds title to the GHG Reduction rights. and Project Activities, including, without limitation, a prohibition of (i) the conversion of the Property from grassland to any other use, and (ii) all Avoidable Reversals.
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Examples of Qualified Conservation Easement in a sentence

  • All lands in the Project Area must be covered by the Qualified Conservation Easement or transferred to public ownership as part of the program.

  • Promoters allowing an entrant or competitor to compete without a licence or with the incorrect licence shall pay a penalty N$500 per competitor / entrant.

  • For Avoided Conversion Projects on private land, the Forest Owner must record a Qualified Conservation Easement against the project’s property in order for the Forest Project to be eligible for registration with the Reserve.

  • As we go down the hierarchy the number of years of service also declines.

  • Project Operators who record a Qualified Conservation Easement or Qualified Deed Restriction in conjunction with implementing a Forest Project will receive a lower risk rating (see Appendix A).

  • Project Owner shall: (i) fulfill all Project Owner covenants, obligations, duties and responsibilities in both this Agreement and the Grassland Project Protocol; (ii) ensure that use of and activity on the Property and the Grassland Project complies with this Agreement, the Qualified Conservation Easement, and the Grassland Project Protocol; and (iii) prevent any activity on or use of the Property that violates any aspect of the Grassland Project Protocol.

  • The forested land is dedicated to continuous forest cover through a conservation (or Qualified Conservation Easement (QCE) as described by the ARB) or transferred to public ownership, either state or municipal.

  • If a project area is subject to the terms of a Qualified Conservation Easement (Section 3.5.1) which includes provisions for ongoing monitoring and specific mechanisms for enforcement, such monitoring activities may be considered sufficient for the purposes of this protocol.

  • If a Qualified Conservation Easement (QCE) has been recorded, provide a copy.

  • Qualified Conservation Easement Exclusion• The land is located in the United States or one of its possessions.Member of FamilyLine 10 may be used to set aside an Members of the decedent’s family includeexemption amount for such an event.

Related to Qualified Conservation Easement

  • Conservation easement means that term as defined in section 2140 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.2140.

  • Utility easement means a right held by a facility operator to install, maintain, and access an underground facility or pipeline.

  • Easement Agreement means any conditions, covenants, restrictions, easements, declarations, licenses and other agreements listed as Permitted Encumbrances or as may hereafter affect the Leased Premises.

  • Conservation Plan means a document that outlines how a project site will be managed using best management practices to avoid potential negative environmental impacts.

  • Stormwater Pollution Prevention Plan or "SWPPP" means a document that is prepared in accordance with good engineering practices and that identifies potential sources of pollutants that may reasonably be expected to affect the quality of stormwater discharges from the construction site, and otherwise meets the requirements of this Ordinance. In addition the document shall identify and require the implementation of control measures, and shall include, but not be limited to the inclusion of, or the incorporation by reference of, an approved erosion and sediment control plan, an approved stormwater management plan, and a pollution prevention plan.

  • Easement Area means the area of the servient lot marked on the survey-strata plan as being subject to the relevant easement; and

  • Easements shall have the meaning set forth in Section 3.1.12.

  • Ex-situ conservation means the conservation of components of biological diversity outside their natural habitats.

  • Qualified Ground Lease means each of the ground leases or ground subleases set forth on Schedule 1.01(d) hereto and for a Future Property means any ground lease (a) which is a direct ground lease or ground sublease granted by the fee owner of real property or a master ground lessee from such fee owner, (b) which may be transferred and/or assigned without the consent of the lessor (or as to which the lease expressly provides that (i) such lease may be transferred and/or assigned with the consent of the lessor and (ii) such consent shall not be unreasonably withheld or delayed) or subject to certain reasonable pre‑defined requirements, (c) which has a remaining term (including any renewal terms exercisable at the sole option of the lessee) of at least twenty (20) years, (d) under which no material default has occurred and is continuing, (e) with respect to which a Lien may be granted without the consent of the lessor (but subject to customary requirements regarding the nature of the holder of such Lien and prior notice to the lessor), (f) which contains customary and reasonable lender protection provisions, including, without limitation, provisions to the effect that (i) the lessor shall notify any holder of a Lien in such lease of the occurrence of any default by the lessee under such lease and shall afford such holder the option to cure such default, and (ii) in the event that such lease is terminated, such holder shall have the option to enter into a new lease having terms substantially identical to those contained in the terminated lease and (g) which otherwise contains no non-customary terms that are material and adverse to the lessee.

  • Water conservation means the preservation and careful management of water resources.

  • Stormwater runoff means water flow on the surface of the ground or in storm sewers, resulting from precipitation.

  • Qualified Contract A Contract that qualifies under the Code as an individual retirement annuity (“IRA”) or a Contract purchased under a Qualified Plan that qualifies for special tax treatment under the Code. Qualified Plan — A retirement plan that receives favorable tax treatment under Section 401, 403, 408, 408A or 457 of the Code. SEC — Securities and Exchange Commission.

  • Qualified Contractor ’ means a residential energy ef-

  • Natural Boundary means the visible high water mark, or bankfull width, of any lake, river, stream or other body of water where the presence and action of the water are so common and usual, and so long continued in all ordinary years, as to mark on the soil of the bed of the body of water a character distinct from that of its banks, in vegetation, as well as in the nature of the soil itself;

  • Condominium Declaration means the Declaration of Condominium for NetApp RTP Phase I Condominium recorded in Book 012647, Page 01310, Wake County, North Carolina Registry.

  • Easement means an acquired legal right for the specific use of land owned by others.

  • Environmental Property Transfer Act means any applicable requirement of law that conditions, restricts, prohibits or requires any notification or disclosure triggered by the closure of any property or the transfer, sale or lease of any property or deed or title for any property for environmental reasons, including, but not limited to, any so-called "Industrial Site Recovery Act" or "Responsible Property Transfer Act."

  • Resource conservation means the reduction in the use of water, energy, and raw materials. (Minn. Stat. § 115A.03, Subd. 26a)

  • in situ conservation means the conservation of ecosystems and natural habitats and the maintenance and recovery of viable populations of species in their natural surroundings and, in the case of domesticated or cultivated species, in the surroundings where they have developed their distinctive properties.

  • Energy conservation means the decrease in energy requirements of specific customers during any selected time period, resulting in a reduction in end-use services.

  • Resource Conservation and Recovery Act means the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., as amended.

  • Landlord Consent means a Landlord Consent substantially in the form of Exhibit G.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Financeable Ground Lease means, a ground lease reasonably satisfactory to the Administrative Agent on behalf of the Lenders, which must provide customary protections for a potential leasehold mortgagee (“Mortgagee”) such as (i) a remaining term, including any optional extension terms exercisable unilaterally by the tenant, of no less than 25 years, (ii) a provision that the ground lease will not be terminated until the Mortgagee has received notice of a default, has had a reasonable opportunity to cure and has failed to do so, (iii) provision for a new lease to the Mortgagee as tenant on the same terms if the ground lease is terminated for any reason, (iv) transferability of the tenant’s interest under the ground lease by the Mortgagee without any requirement for consent of the ground lessor unless based on delivery of customary assignment and assumption agreements from the transferor and transferee, (v) the ability of the tenant to mortgage tenant’s interest under the ground lease without any requirement for consent of the ground lessor and (vi) provisions that the tenant under the ground lease (or the leasehold mortgagee) has customary protections with respect to the application of insurance proceeds or condemnation awards attributable to the tenant’s interest under the ground lease and related improvements.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • Water Rights means: (1) with respect to any Person, all of such Person’s right, title and interest in and to any water stock, permits or entitlements and any other water rights related to or appurtenant to property owned or leased by such Person, and (2) with respect to any property, any water stock, permits or entitlements and any other water rights related to or appurtenant to such property.