Common use of Phased Bond Releases Clause in Contracts

Phased Bond Releases. Upon submittal of appropriate replacement bonds to the Department, any corresponding reclamation bonds originally issued to the Debtors with respect to such Transferred Permits will be released in accordance with the standard permit procedures under applicable Commonwealth and federal law.

Appears in 3 contracts

Samples: Agreement (Contura Energy, Inc.), Permitting and Reclamation Plan Settlement Agreement (Contura Energy, Inc.), Agreement (Contura Energy, Inc.)

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Phased Bond Releases. Upon submittal of appropriate replacement bonds to the Department, any corresponding reclamation bonds originally issued to the Debtors with respect to such Transferred affected Kentucky Permits will be released in accordance with the standard permit procedures under applicable Commonwealth and federal law.

Appears in 2 contracts

Samples: Agreement (Contura Energy, Inc.), Agreement (Contura Energy, Inc.)

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