Obligations after closure of Mining. In the event that the Mine Operator is required to undertake a final mine closure of the Mines during the Contract Period, the Mine Operator shall, [at its sole cost and expense]3, undertake all activities for final mine closure of the Mines and restoration of the Site in accordance with the requirements of this Agreement, the approved Mine Closure Plan, the Mining Plan, Applicable Laws and Standard Industry Practice. For avoidance of doubt, it is clarified that the Authority shall be responsible for undertaking the final mine closure at its cost and expense in the event that such final mine closure occurs at any time after the expiry or termination of this Agreement.
Obligations after closure of Mining. 5.12.1. MDO is required to prepare the Mine Closure Plan and obtain its approval from the concerned authorities. The MDO shall, at its sole cost and expense, undertake all activities for any progressive or final mine closure of the Project and restoration of the Site in accordance with the requirements of this Agreement, the approved Mine Closure Plan, the Mining Plan, Applicable Laws and Standard Industry Practice.
Obligations after closure of Mining. In the event the Mine Operator is required to undertake a final closure of the Mines during the Contract Period, the Mine Operator shall, at its sole cost and expense, undertake all activities for final closure of the Mines and restoration of the Site in accordance with the requirements of this Agreement, the final Mine Closure Plan, the Mining Plan, Applicable Laws and Standard Industry Practice. The Mine Operator shall maintain proper records of all costs and expenses incurred by it in relation to the final mine closure and restoration of the Site and upon request from the Authority, the Mine Operator shall furnish to the Authority all details and supporting documents, as may be necessary or required by the Authority to seek reimbursement of such costs and expenses from the concerned Government Instrumentalities. Such reimbursement amount released from the balance amount of escrow account will be paid to the Mine Operator, as and when realized. Within the Contract Period any costs and expenses related to mine closure (progressive and final) including third party cost shall be borne by the Mine Operator. In addition, at the time of final closure of the Mines, within the Contract Period, the Mine Operator shall remove and dispose all the constructions at its own cost and expenses in terms of the final Mine Closure Plan. If such final closure of the Mines is not completed by the Mine Operator as per the Mine Closure Plan within the stipulated time period, the Authority shall have right to recover from the Mine Operator, such amount as may be necessary to complete the such mine closure including, but not limited to, through invocation and appropriation of the Performance Security. For avoidance of doubt, it is clarified that the Authority shall be responsible for undertaking the final mine closure at its cost and expense in the event that such final mine closure occurs at any time after the expiry or termination of this Agreement. In the event that final closure of the Mines occurs at any time after the expiry of this Agreement, an amount equal to the balance amount of the escrow accountopened in accordance with Clause 5.17of this Agreement, after settlement of all periodic claims in accordance with the Applicable Lawsand after realizing all dues payable to the Authority, shall be paid to the Mine Operator by the Authority, provided that the Mine Operator has undertaken and completed the progressive restoration of the Mines in accordance with the Mine Closur...
