Financial Assurance. The Lessee must provide and maintain at all times a surety bond(s) or other form(s) of financial assurance approved by the Lessor in the amount specified in Addendum “B.” As required by the applicable regulations in 30 CFR Part 585, if, at any time during the term of this lease, the Lessor requires additional financial assurance, then the Lessee must furnish the additional financial assurance required by the Lessor in a form acceptable to the Lessor within 90 days after receipt of the Lessor’s notice of such adjustment.
Financial Assurance. The surety bond or other financial obligation authorized by DACO that is a condition of receiving a license or authorization under the USWA.
Financial Assurance. The surety bond or other financial obligation authorized by AMS that is a condition of receiving a license or authorization under the USWA.
Financial Assurance. EPA, the States, and the Debtors shall take all appropriate steps under each financial assurance instrument to release all financial assurance maintained by the Debtors at Liquidated Sites or Transferred Real Properties, as listed in Exhibit E to this Settlement Agreement, within thirty days after the Debtors transfer all funds pursuant to Sections VI and XI of this Settlement Agreement.
Financial Assurance. A. Unless waived by the Commissioner in writing, and before the commencement of mining activity, the Lessee shall provide financial assurance to guarantee payment of royalties and to comply with the terms and conditions of this Lease other than reclamation, which is covered under 19.2.2.39 NMAC. The Commissioner will determine the amount of financial assurance required.
B. Unless waived by the Commissioner in writing, and before commencement of any exploration, drilling, development, processing and/or mining activities on, in and/or under the Property pursuant to this Lease, the Lessee shall execute and provide financial assurance to secure payment for potential injuries to the Property’s surface and/or mineral estates, water rights appertaining thereto, and/or improvements on, in and/or under the Property that may result from the Lessee’s said activities. The Commissioner shall fix or set the required financial assurance in an amount to be determined by the Commissioner depending upon the Lessee’s proposed operations but not less than five thousand dollars. The financial assurance shall be in favor of the Commissioner, but held for the benefit of the State Land Office Trust and/or its beneficiaries, contract purchasers, patentees, right-of-way holders, easement grantees, licensees, permitees, surface and/or other lessees of the Property (including without limitation, agricultural, grazing, business, commercial, oil and gas, carbon dioxide, helium, coal bed methane, and/or other mineral estate lessees) with rights to the Property’s surface and/or mineral estates. Provided that, in lieu of said financial assurance, the Commissioner may accept a waiver of financial assurance, duly executed or acknowledged by the owners of the said improvements and/or other rights described above.
C. Lessees having multiple leases with the Commissioner may, with the approval of the Commissioner, provide one instrument to fulfill their total financial assurance obligations under all such Leases regarding the protection of improvements and/or other rights described above concerning the Property. The Commissioner shall fix or set the amount of the Lessee’s consolidated financial assurance obligation, which amount shall not be less than twenty-five thousand dollars. The Lessee’s obligation to provide financial assurance for payment of royalties and reclamation of the Property’s surface and/or mineral estates is not eligible for coverage under this provision.
D. The financial assu...
Financial Assurance. If Client admits in writing its inability to pay its debts as they become due, makes a general assignment for the benefit of its creditors, institutes or agrees to the institution of proceedings in bankruptcy or insolvency, or is the subject of a court order relating thereto, or if Laboratory in good faith determines that Client may not be able to timely pay for Services performed under the Agreement, Laboratory may refuse to perform additional Services until Client delivers adequate financial assurance to Laboratory, which may include advance cash payment, a guarantee from a creditworthy entity acceptable to Laboratory, or a letter of credit from a nationally recognized financial institution.
Financial Assurance. Proponent shall establish and maintain a financial assurance mechanism pursuant to California Health and Safety Code section 25355.2 and DTSC’s costs incurred in overseeing these activities prior to implementing any required O&M activities, LUC-related activities, and five-year review activities. Proponent shall demonstrate and maintain one or more of the financial assurance mechanisms set forth in subdivisions (a) to (e), inclusive, of Section 66265.143 of Title 22 of the California Code of Regulations.
Financial Assurance. The Borrowers shall timely comply or cause compliance with the requirements of any Act or any other Law concerning Financial Assurance. If any funds are drawn on any Financial Assurance at any time, the Borrowers shall promptly notify the Agent in writing of the amount of and the reason for the draw. The Borrowers shall not maintain more in Financial Assurance than is required pursuant to any Act or any Law at any time. At the earliest available opportunity under any Act or other Law, the Borrowers shall request that the amount of Financial Assurance be reduced if and as permitted under the Act, or such other Law.
Financial Assurance. If you admit in writing your inability to pay your debts as they become due, make a general assignment for the benefit of creditors, institute or agree to the institution of proceedings in bankruptcy or insolvency, or are the subject of a court order relating thereto, or if FormFox in good faith determines that you may not be able to timely pay fees due under your Agreement, FormFox may suspend your access to the Marketplace until you deliver adequate financial assurance, which may include advance cash payment, a guarantee from a creditworthy entity acceptable to FormFox, or a letter of credit from a nationally recognized financial institution.
Financial Assurance. The relevant States and Debtors shall take all necessary steps to cancel or release the financial assurance instruments listed in Attachment D to this Settlement Agreement at the time the Environmental Response Trust is funded. Upon the Effective Date and Debtors’ transfer of the Properties and full funding of the Environmental Response Trust Accounts as set forth in Paragraphs 30 through 32 of this Settlement Agreement, and the funding of the Expendable Trust for the Framingham Landfill Site in Massachusetts and the 807 Trust Fund for the Danville Landfill Property in Illinois as required by Paragraphs 79 and 80 of this Settlement Agreement, the Governments agree not to seek and covenant not to sue or assert any administrative or other civil claims or causes of action against Debtors, the Environmental Response Trust or the Administrative Trustee, solely in his official capacity, with respect to any financial assurance required under environmental law relating to the Properties.
