Common use of Environmental Bond Clause in Contracts

Environmental Bond. The Lessee acknowledges that a Decision Maker may require security for the decommissioning of a Project as a mitigation measure in a determination under an Environmental Review of such Project. If such security is required, then the Lessee will provide the Lessor or the First Nation, as the case may be, with security (such as an environmental bond, letter of credit, or other security) reasonably acceptable to such Party, in terms and amount, for the decommissioning of such Project. The Lessee will provide the security to such Party promptly after notification and the security must remain a paid up, valid security until the completion of the decommissioning of the Project, whether that is before or after this Lease ends.

Environmental Bond. The Lessee acknowledges that a Decision Maker the Lessor may require security for the decommissioning of a Project as a mitigation measure in a determination under an Environmental Review of such Project. If such security is required, then the Lessee will provide the Lessor or the First Nation, as the case may be, with security (such as an environmental bond, letter of credit, credit or other security) reasonably acceptable to such Partythe Lessor, in terms and amountan amount reasonably acceptable to the Lessor, for the decommissioning of such Project. The Lessee That security will provide be provided to the security to such Party Lessor promptly after notification and the security must will remain a paid up, valid security until the completion of the decommissioning of the Project, whether that is before or after this Lease ends.

Environmental Bond. The Lessee acknowledges that a Decision Maker the Lessor may require security for the decommissioning of a Project as a mitigation measure in a determination under an Environmental Review of such Project. If such security is /Template Version 2019-02-13 required, then the Lessee will provide the Lessor or the First Nation, as the case may be, with security (such as an environmental bond, letter of credit, credit or other similar security) reasonably acceptable to such Partythe Lessor, in terms and amountan amount reasonably acceptable to the Lessor, for the decommissioning of such Project. The Lessee That security will provide be provided to the security to such Party Lessor promptly after notification and the security must will remain a paid up, valid security until the completion of the decommissioning of the Project, whether that is before or after this Lease ends.