Coal Reserves Sample Clauses

The Coal Reserves clause defines the specific coal deposits or quantities that are subject to the agreement. It typically outlines the location, estimated volume, and quality of the coal reserves, and may include methods for verifying these details, such as geological surveys or third-party assessments. This clause ensures both parties have a clear understanding of the resource being contracted, reducing the risk of disputes over the amount or quality of coal available for extraction or sale.
Coal Reserves. Seller represents and warrants that its total Coal reserves at the Sources contain sufficient quantities of Coal recoverable by deep mining under present mining laws and practices to satisfy all of Seller’s obligations under this Confirmation.
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Coal Reserves. (a) To the Knowledge of the Seller, none of the Coal Reserves are within an area designated as unsuitable for mining activities or under study for designation as unsuitable for mining activities under the Federal Surface Mining Control and Reclamation Act, 30 U.S.C. Section 1201, et seq. or analogous state laws. (b) The Seller has in good faith made available to the Purchaser all of the drilling, sampling, quality analyses and other geological, geotechnical and geophysical data in the possession of the Seller, the Company or its Subsidiaries, related to the Real Property or the Coal Reserves. The Seller has no Knowledge indicating that such information is inaccurate in any material respect. Notwithstanding the foregoing, the Seller makes no warranty or representation, and affirmatively disclaims any warranty or representation regarding the existence, nature, quality or quantity of any Coal Reserves.
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Coal Reserves. Not later than ninety (90) days after the end of each fiscal year of the Borrower, coal reserve figures, including production, content and proven and probable reserves of “assigned” reserves and additional information with respect to “assigned” and “unassigned” reserves, and supporting information for each Mine, in detail similar to that is included in the Borrower’s then most recent Form 10-K in accordance with SEC rules; provided, that any coal reserve figures included on the Borrower’s then most recent Form 10-K filed by the Borrower with the SEC will be deemed delivered upon the posting of such information on the Borrower’s website with written notice of such posting to the Administrative Agent;
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Coal Reserves. The Borrower shall have made available to the Banks all existing material geological data, reserve data, mine maps, core hole logs and associated data, coal measurements, coal samples, lithologic data, coal reserve calculations or reports, washability analyses or reports, mine plans, mining feasibility studies or analyses, mining permit applications and supporting data, preparation plant flowcharts, preparation plant efficiency reports or analyses, engineering studies and all other information, maps, material, reports and data in the possession or under the control of Borrower relating to or affecting the coal reserves, coal ownership, coal leases, mining conditions, mines, preparation plant(s) and mining plans of Borrower (collectively the "Mining Data"). True, correct and complete copies of the Mining Data, together with all exhibits, maps or supporting appendices thereto, have been provided to the Banks.
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Coal Reserves. The qualitative and quantitative data regarding proven and probable coal reserves of the Company referenced in the Registration Statement, the Pricing Disclosure Package and the Prospectus was derived in all material respects in accordance with all applicable industry standards, including Industry Guide 7 under the Exchange Act, other than such information relating to the Canadian Entities which was derived in all material respects in accordance with all applicable Canadian industry standards.
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Coal Reserves. The coal stored at the Northfork coal reserve consists of five (5) separate piles of coarse or “forked” coal that are located primarily along hillsides, and the fine coal storage pond that was created by Island Creek Coal Company. WIC is willing to purchase all coal reserves on the site, provided those reserves meet or exceed the coal quality specifications defined in Section 1.2. Seller’s Initials _____ Buyer’s Initials _____ Gross reserves at the site, regardless of coal quality, are approximately as follows: Pile No. 1: 158,276 Tons Pile No. 2: 264,056 Tons Pile No. 3: 214,293 Tons Pile No. 4: 392,757 Tons Pile No. 5: 1,546,089 Tons Fine Coal Storage Pond: 3,028,570 Tons
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Coal Reserves. The mineral interests of each of the Restricted Persons are legally sufficient in respect of the Coal reserves held by it to permit it to exhaust the contained Coal on the development and production schedules in effect or planned by Borrower for each such Restricted Person, in the ordinary course of operations, for the particular reserve and in compliance with applicable Law, including but not limited to Mining and Environmental Laws. No such reserves have been disposed of since the date of such appraisals and reports.
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Coal Reserves. (a) The Sunrise Entities reserve estimates of measured, indicated and inferred reserves (as defined in United States Geological Survey Circular 891) (the “Coal Reserves”) are set forth on Section 3.8 of the Sunrise Disclosure Schedule. (b) The Sunrise Entities possess the legal rights to access and extract coal from the Coal Reserves. (c) None of the Coal Reserves are within an area designated as unsuitable for mining activities or under study for designation as unsuitable for mining activities under the Federal Surface Mining Control and Reclamation Act, 30 U.S.C. Section 1201, et seq. or analogous state laws. (d) The Coal Reserves can be mined utilizing approved methods and procedures commonly used by competent mine operators in the region.
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Related to Coal Reserves

  • Additional Reserve Costs (a) If and so long as any Lender is required after the date hereof to make special deposits with the Bank of England, to maintain reserve asset ratios or to pay fees, in each case in respect of such Lender’s Eurocurrency Loans in any Designated Foreign Currency, such Lender may require the relevant Borrower to pay, contemporaneously with each payment of interest on each of such Loans, additional interest on such Loan at a rate per annum equal to the Mandatory Costs Rate calculated in accordance with the formula and in the manner set forth in Exhibit C hereto. (b) If and so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the Board or by European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Mandatory Costs Rate) in respect of any of such Lender’s Eurocurrency Loans, such Lender may require the relevant Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Eurocurrency Loans subject to such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan. (c) Any additional interest owed pursuant to paragraph (a) or (b) above shall be determined by the relevant Lender, which determination shall be presumed correct in the absence of facts or circumstances indicating that it has been made in error, and notified to the relevant Borrower (with a copy to the Applicable Agent) at least five Business Days before each date on which interest is payable for the relevant Loan, and such additional interest so notified to the relevant Borrower by such Lender shall be payable to the Applicable Agent for the account of such Lender on each date on which interest is payable for such Loan.

  • Additional Reserve Requirements The Borrower shall pay to each Lender, (i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), and (ii) as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest or costs shall be due and payable 10 days from receipt of such notice, provided that, with respect to interest payable on any Interest Payment Date, the Borrower shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section 3.04(e) for any reserves (or analogous amount) suffered by such Lender more than four months prior to such Interest Payment Date.

  • Federal Reserve Regulations No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal Requirements or by the terms and conditions of this Agreement or the other Loan Documents.

  • Tax Reserves The Company has established on its books and records adequate reserves for all Taxes and for any liability for deferred income taxes in accordance with Adjusted GAAP.

  • Insurance Reserves Lender may require Grantor to maintain with Lender reserves for payment of insurance premiums, which reserves shall be created by monthly payments from Grantor of a sum estimated by Lender to be sufficient to produce, at least fifteen (15) days before the premium due date, amounts at least equal to the insurance premiums to be paid. If fifteen (15) days before payment is due, the reserve funds are insufficient, Grantor shall upon demand pay any deficiency to Lender. The reserve funds shall be held by Lender as a general deposit and shall constitute a non-interest-bearing account which Lender may satisfy by payment of the insurance premiums required to be paid by Grantor as they become due. Lender does not hold the reserve funds in trust for Grantor, and Lender is not the agent of Grantor for payment of the insurance premiums required to be paid by Grantor. The responsibility for the payment of premiums shall remain Grantor's sole responsibility.