Released Credits definition

Released Credits means Credits associated with a Project Development Plan approved by the applicable IRT Members that are available for Fulfillment of Advance Credit Sales. Credits may be released by the IRT in accordance with the Credit Release schedule included as part of the ILF Project’s Project Development Plan.
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Released Credits means the Credits that have been produced by the Sponsor's successful implementation of a Mitigation Project and have been authorized for Transfer by the IRT Members in accordance with the Credit Release schedule included as part of the Mitigation Plan for the Mitigation Project.
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Released Credits means credits associated with an approved mitigation plan that the chair, in consultation with the IRT, have made available for sale or fulfillment of advance credits.
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Examples of Released Credits in a sentence

  • As used in the Basin Liabilities and Credit Balance Summary Tables, Potential Credits equal the total expected credits from all approved mitigation projects based on the Site Development Plan or similar specifics approved by the IRT, less any Released Credits from those approved mitigation projects.

  • During the term of this Option Provision, in the event the Banker possesses or obtains additional Released Credits that meet the requirements for mitigation credits needed for NCDOT projects, the Banker shall notify NCDOT and allow NCDOT the exclusive right of first refusal to purchase the additional credits at the prices stated in subsection (d) below.

  • Each ILF Project Development Plan approved by the applicable IRT Members will include the method for determining the Released Credits to be generated by the individual ILF Project.

  • An assessment of funds collected in the Program Account and the Advance Credit obligation will be a primary consideration in the sizing of ILF Project(s) in each Service Area, to ensure a sufficient number of Released Credits are generated at the ILF Project.

  • Credit Ledger ReportThe Annual Report shall include a Credit Ledger (Exhibit C, Attachment B) for each Service Area, showing the beginning and end balance of available Advance and Released Credits in such Service Area, each individual Credit Sale, each individual Credit Pre-Transfer Sale and any individual subsequent Transfer, and the number of Fulfilled Credits generated by ILF Projects in such Service Area.

  • If, on the date that the applicable IRT Member(s) make a determination of Default under Section IV.D.1.a., the Program Sponsor owns Released Credits that are not required to Fulfill outstanding Advance Credits, the IRT may require the Program Sponsor to apply such Released Credits to remedy the applicable Default (after which time any such Released Credits so applied to remedy a Default would not be available for Sale).

  • Released Credits may also be proposed for Preservation or improvements of Buffers if the resources in these areas are essential to maintain the ecological viability of a wetlands area.

  • For each specific ILF Project proposed by the Program Sponsor to the IRT, the applicable IRT Members shall evaluate the expected aquatic resource benefits thereof and then determine the appropriate ILF Project-specific Released Credits that will be allocated to such ILF Project as reflected in the applicable Credit Release schedule.

  • The applicable IRT Members will determine the specific type, Service Area, and number of Credits required to satisfy the Compensatory Mitigation when a permit, certification, or other authorization or approval is issued, and the applicable IRT Members will determine the number of Released Credits that each ILF Projectwill generate as it is completed, based on the achievement of applicable Performance Standards as reflected in the ILF Project's Credit Release Schedule.

  • If the Bank has unsold Credits, the IRT may reduce the Potential Credits, including unsold Released Credits, available in the Bank to account for the loss of Bank area and/or functions.


More Definitions of Released Credits

Released Credits means the credits that have been produced by the Program Sponsor’s implementation of a specific ILF Project, and have been authorized for Transfer by the Program Signatories in accordance with the credit release schedule included as part of the ILF Project’s Development Plan.
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Released Credits has the meaning given in Section 11.3. “Semester Total” has the meaning given in Section 10.2.
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Related to Released Credits

  • Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a contract in which the contractor met or exceeded his or her goals for the utilization of BEPDs in the performance of the contract.

  • Released Claims means all Released Defendants’ Claims and all Released Plaintiffs’ Claims.

  • Released Claim means the matters that are subject to release and discharge pursuant to ARTICLE 10 hereof;

  • Affected Creditor means a creditor whose claim relates to a liability that is reduced or converted to shares or other instruments of ownership by the exercise of the write down or conversion power pursuant to the use of the bail-in tool;

  • Guaranteed Creditors means and include each of the Agent, the Collateral Agent, the Banks and each party (other than any Credit Party) party to an Interest Rate Protection Agreement or Other Hedging Agreement to the extent such party constitutes a Secured Creditor under the Security Documents.

  • Loan Guarantor means each Loan Party.

  • Pre-Petition Credit Agreement has the meaning assigned to such term in the Recitals.

  • Releasing Party has the meaning set forth in Section 7.9.

  • Specified Credit Party means any Credit Party that is not an “eligible contract participant” under the Commodity Exchange Act.

  • Posted Credit Support means Posted Collateral and Other Posted Support.

  • Guaranteed Party means the Borrower and each Subsidiary thereof party to any Interest Rate Protection Agreement or Other Hedging Agreement with an Other Creditor. Each Guarantor understands, agrees and confirms that the Secured Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against such Guarantor without proceeding against any other Guarantor, the Borrower, any other Guaranteed Party, against any security for the Guaranteed Obligations, or under any other guaranty covering all or a portion of the Guaranteed Obligations.

  • Avoidance Actions means any and all avoidance, recovery, subordination, or other claims, actions, or remedies that may be brought by or on behalf of the Debtors or their Estates or other authorized parties in interest under the Bankruptcy Code or applicable non-bankruptcy law, including actions or remedies under sections 502, 510, 542, 544, 545, 547 through 553, and 724(a) of the Bankruptcy Code or under similar or related state or federal statutes and common law, including fraudulent transfer laws.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Open-end credit means credit extended by a creditor under an agreement in which:

  • Company Credit Agreement means that certain Credit Agreement, dated as of January 28, 2019, by and between the Company, the lenders party thereto from time to time and SunTrust Bank, as administrative agent for the revolving lenders and as collateral agent for the secured parties thereunder.

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Released Person means any person who is released on bail or on his personal bond, as the case may be;

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Released PAGA Claims means the claims being released as described in Paragraph 6.2 below.

  • Guaranteed Parties means (a) each Lender, (b) each Issuing Bank, (c) the Administrative Agent, (d) each Joint Bookrunner, (e) each Person to whom any Guaranteed Cash Management Obligations are owed, (f) each counterparty to any Swap Agreement the obligations under which constitute Guaranteed Swap Obligations, (g) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (h) the permitted successors and assigns of each of the foregoing.

  • Related Liability with respect to any Asset means any liability existing and reflected on the Accounting Records of the Failed Bank as of Bank Closing for (i) indebtedness secured by mortgages, deeds of trust, chattel mortgages, security interests or other liens on or affecting such Asset, (ii) ad valorem taxes applicable to such Asset, and (iii) any other obligation determined by the Receiver to be directly related to such Asset.

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Released Party means collectively, and in each case in its capacity as such:

  • Facility Guaranty means each Guaranty Agreement between one or more Guarantors and the Administrative Agent for the benefit of the Administrative Agent and the Lenders, delivered as of the Closing Date and otherwise pursuant to Section 7.18, as the same may be amended, modified or supplemented.

  • Transferred Liabilities has the meaning set forth in Section 2.02(a).