; (D) includes a monitoring plan to be carried out by the parties to the Agreement; and (E) provides assurances to the covered party that no additional conservation measures will be required and additional land, water, or resource use restrictions will not be imposed on the covered party if the covered species becomes listed after the effective date of such Agreement. (3) Denial Not later than 120 days after the date of the receipt of a proposed Agreement under paragraph (1), the Secretary shall— (A) deny the proposed Agreement if the Secretary determines that the proposed Agreement does not meet the requirements described in paragraph (2); and (B) provide the submitting covered party a written explanation for such determination and the adjustments required for the Secretary to approve such proposed Agreement. (4) Programmatic Candidate Conservation Agreement with Assurances (A) In general The Secretary, acting through the Director of the United States Fish and Wildlife Service, may enter into a Candidate Conservation Agreement with Assurances with a covered party that authorizes such covered party— (i) to administer such Candidate Conservation Agreement with Assurances; (ii) to hold any permit issued under this section with regard to such Candidate Conservation Agreement with Assurances; (iii) to enroll other covered parties within the area covered by such Candidate Conservation Agreement with Assurances in such Candidate Conservation Agreement with Assurances