Periodic Payments. (i) In accordance with the allocations determined in accordance with Section 5 hereof, the Reorganized Debtors shall pay and deposit the aggregate amount of $109,000,000 into the various Restricted Cash Reclamation Accounts through 2025. (ii) Such payments shall be made in the following aggregate amounts: $5,000,000 in 2016, $10,000,000 in each of 2017 and 2018 and $12,000,000 in each year from 2019 through 2025. (iii) All such payments shall be made in equal monthly installments in the year in which they are due. The Reorganized Debtors shall make the first payment on or before August 31, 2016 and the remaining payments on or before the last day of each subsequent month through December 2025.
Appears in 6 contracts
Samples: Settlement Agreement (Contura Energy, Inc.), Settlement Agreement (Contura Energy, Inc.), Reclamation Funding Agreement (Contura Energy, Inc.)
Periodic Payments. (i) In accordance with the allocations determined in accordance with Section 5 β5 hereof, the Reorganized Debtors shall pay and deposit the aggregate amount of $109,000,000 into the various Restricted Cash Reclamation Accounts through 2025.
(ii) Such payments shall be made in the following aggregate amounts: $5,000,000 in 2016, $10,000,000 in each of 2017 and 2018 and $12,000,000 in each year from 2019 through 2025.
(iii) All such payments shall be made in equal monthly installments in the year in which they are due. The Reorganized Debtors shall make the first payment on or before August 31, 2016 and the remaining payments on or before the last day of each subsequent month through December 2025.
Appears in 2 contracts
Samples: Settlement Agreement (Contura Energy, Inc.), Settlement Agreement (Contura Energy, Inc.)
