; or (ii) a programmatic Candidate Conservation Agreement with Assurances. (B) Candidate Conservation Agreement with Assurances The term Candidate Conservation Agreement with Assurances means a voluntary agreement between the Secretary, acting through the Director of the United States Fish and Wildlife Service, and a covered party in which— (i) the covered party commits to implementing mutually agreed upon conservation measures for a candidate species; and (ii) the Secretary provides assurances that, if such candidate species is listed pursuant to section 4— (I) the covered party shall incur no additional obligations beyond actions agreed to in the agreement with respect to conservation activities required under this Act; and (II) no additional land, water, or resource use restrictions shall be imposed on the covered party beyond those included in the agreement. (C) Candidate species The term candidate species means a species— (i) designated by the Secretary as a candidate species under this Act; or (ii) proposed to be listed pursuant to section 4. (D) Covered party The term covered party means a— (i) party that conducts activities on land administered by a Federal agency pursuant to a permit or lease issued to the party; (ii) private property owner; (iii) county; (iv) State or State agency; (v) Federal agency; or (vi) Tribal government. (E) Covered species The term covered species means, with respect to an Agreement, the species that is the subject of such Agreement. (F) Net conservation benefit The term net conservation benefit means the net effect of an Agreement, determined by comparing the situation of the candidate species without the Agreement in effect and a situation in which the Agreement is in effect, on a candidate species, including— (i) the net effect on threats to such species; (ii) the net effect on the number of individuals of such species