Bank Sponsor has accepted the responsibility for providing the required compensatory mitigation requirements of such USACE permit. The Bank Sponsor agrees to perform the actions described in this BEI and its Exhibits to support all Credits that project proponents/action agencies secure. The Bank Sponsor shall provide [Choose as appropriate: NMFS, USFWS, CDFW] with the written Credit purchase agreement (Exhibit F-2) for all Credits secured by project proponents/action agencies that confirms that the Bank Sponsor will continue to perform the aforementioned actions. It not discharge or release on, to or from the Bank Property, or permit others to discharge or release on, to or from the Bank Property, any material, waste or substance designated as hazardous or toxic or as a pollutant or contaminant under any Federal, state, or local environmental law or regulation (each a Substance”). “Hazardous Property Owner shall not create or suffer any lien or encumbrance upon the Bank Property other than as set forth in the Property Assessment and Warranty approved by the IRT. Property Owner shall not execute, renew, or extend any lien, lease, license, or similar recorded or unrecorded right or interest in the Bank Property without the prior written consent of the IRT and the Grantee, if a Conservation Easement has been granted. It shall not construct or install any structure or improvement on, or engage in any activity or use of, the Bank Property, including mineral exploration or development, excavation, draining, dredging, or other alteration of the Bank Property that is prohibited by, or not consistent and in accordance with this BEI and its Exhibits. Bank Sponsor ensure that the Bank Property is managed and maintained in accordance with the Interim Management Plan, this BEI and its Exhibits. Property shall allow, or otherwise provide for, access to the Bank Property by Bank Sponsor, Grantee, the IRT agencies and third parties, as described in the Conservation Easement. Property Owner shall grant to Bank Sponsor all rights and authority necessary to carry out, and shall not limit the Bank Sponsor in performing its responsibilities and obligations, on and affecting, the Bank Property in accordance with this BEI and its Exhibits.
Bank Sponsor has accepted the responsibility for providing the required compensatory mitigation requirements of such USACE permit. The Bank Sponsor agrees to perform the actions described in this BEI and its Exhibits to support all Credits that project proponents/action agencies secure. The Bank Sponsor shall provide [Choose as appropriate: NMFS, USFWS, CDFW] with the written Credit purchase agreement (Exhibit F-2) for all Credits secured by project proponents/action agencies that confirms that the Bank Sponsor will continue to perform the aforementioned actions. It not discharge or release on, to or from the Bank Property, or permit others to discharge or release on, to or from the Bank Property, any material, waste or substance designated as hazardous or toxic or as a pollutant or contaminant under any Federal, state, or local environmental law or regulation (each a “Hazardous Substance”). Property Owner shall not create or suffer any lien or encumbrance upon the Bank Property other than as set forth in the Property Assessment and Warranty approved by the IRT. Property Owner shall not execute, renew, or extend any lien, lease, license, or similar recorded or unrecorded right or interest in the Bank Property without the prior written consent of the IRT and the Grantee, if a Conservation Easement has been granted. It shall not construct or install any structure or improvement on, or engage in any activity or use of, the Bank Property, including mineral exploration or development, excavation, draining, dredging, or other alteration of the Bank Property that is prohibited by, or not consistent and in accordance with this BEI and its Exhibits. Bank Sponsor ensure that the Bank Property is managed and maintained in accordance with the Interim Management Plan, this BEI and its Exhibits. Property shall allow, or otherwise provide for, access to the Bank Property by Bank Sponsor, Grantee, the IRT agencies and third parties, as described in the Conservation Easement. Property Owner shall grant to Bank Sponsor all rights and authority necessary to carry out, and shall not limit the Bank Sponsor in performing its responsibilities and obligations, on and affecting, the Bank Property in accordance with this BEI and its Exhibits.