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Credit purchase means the purchase of credits from a mitigation bank, as that term is defined at N.J.A.C. 7:7-1.5, as a substitute for performance of restoration, creation, enhancement, or preservation by a permittee. Each credit counts for a certain acreage amount of mitigation type. Once a credit is applied to satisfy a mitigation obligation under this subchapter, it is exhausted and may not be sold or used again.
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Credit purchase means the purchase of credits [in] from a mitigation bank, as that term is defined [below] at N.J.A.C. 7:7A-1.3, as a substitute for performance of restoration, creation, enhancement, or upland preservation by [the purchaser] a permittee. Each credit counts for a certain acreage amount of [restoration, creation, or enhancement] mitigation type. Once a credit is applied to satisfy a mitigation obligation under this subchapter, it is exhausted and may not be sold or used again. [“Degraded wetland” means a wetland in which there is impaired surface water flow or groundwater hydrology, or excessive drainage; a wetland which has been partially filled or excavated, contaminated with hazardous substances, or which has an ecological value substantially less than that of undisturbed wetlands in the region.] …

Credit purchase means the purchase of credits from a mitigation bank, as that term is defined at N.J.A.C 7:13-1.2, as a substitute for performance of creation, restoration, enhancement, or preservation by a permittee. Once a credit is applied to satisfy a NOTE: THIS IS A COURTESY COPY OF THIS RULE PROPOSAL. THE OFFICIAL VERSION WILL BE PUBLISHED IN THE JUNE 1, 2015, NEW JERSEY REGISTER. SHOULD THERE BE ANY DISCREPANCIES BETWEEN THIS TEXT AND THE OFFICIAL VERSION OF THE PROPOSAL, THE OFFICIAL VERSION WILL GOVERN.
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Examples of Credit purchase in a sentence

Notwithstanding the aforementioned eligibility requirements, any Buyer that provides an up-front payment equal to the cost of the Credit purchase for the future delivery of Credits shall be eligible to participate in the Auction.
This section provides an overview of the process that market participants must undertake to enter into a Credit purchase or sales contract with PENNVEST.
G.E. If a memberan Eligible Member elects to use all of the member’s available termination payTermination Pay to purchase service credit Service Credit, the ASRS shall not apply any other form of payment to the service credit Service Credit purchase until the ASRS receives the termination pay.Termination Pay.
This can be computed as follows: Creditors payment period = Average Creditors x 365 Credit purchase Higher creditors turnover ratio with a lower payment period shows that the creditors are paid promptly or even earlier.
Credit purchase When credit rather than cash is used to purchase an asset, the purchase will result in an increase in a liability account equal to the increase in an asset account.

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