Reclamation and Closure (PL1 Sample Clauses

Reclamation and Closure (PL1. 3) As a mining project, MMB is obliged to implement a reclamation and closure plan upon the depletion of the ore body. Typically, three stages are considered in a closure plan: preparation, rehabilitation and monitoring. The reclamation and closure plan, stipulated as an ecological restoration program, was filed before the authorities in compliance with Term Eighth, Condition 4, Paragraph 4.i) of the overall environmental impact resolution. Reclamation activities also include interim reclamation, which is designed to control dust, provide habitat, and reduce visual impact, and contemporaneous reclamation, which helps to ensure areas ready for reclamation are reclaimed as soon as possible. In terms of socio-economic effects derived from the closure of the mine, the Job Creation Program (PL2.1.) and the Education Program (PL2.2.) are intended to promote employment in sectors other than mining so that a fair degree of economic independence of the community from the project is achieved. The rehabilitation and monitoring stages of the reclamation and closure program will provide a buffer that will allow for a gentler labour retrenchment once the operation is concluded. The plan for decommissioning the project is presented in an appendix to the Environmental Protection and Biodiversity Preservation (EPBP) Management System entitled ‘Closure Plan Rev 1’ and is supported by a memorandum found in another appendix to the same document entitled ‘Validation of Closure Plan’. In the event of unscheduled closure, MMB will fund all of the project reclamation costs. The plan for unscheduled closure is also appended to the EPBP Management System as Plan for Unscheduled Closure (most current revision), with financing of that plan explained in the EPBP appendix entitled Mine Closure Funding Plan (most current revision). Environmental and Social Action Plan Page 34 5 SOCIAL AND COMMUNITY DEVELOPMENT PLAN (PL2 SCD) As indicated by its parent company philosophy, MMB is committed to implement actions and programs in support of the communities within their area of influence. To honor the commitment, it will embark on an innovative social and community development plan that takes into consideration the specific characteristics of Santa Xxxxxxx and the adjacent communities. The strategic plan will build on the undeniable benefits that are associated with the development of a project of the size of El Boleo in a region with scarce growth options. The intention of the plan is to comb...
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Reclamation and Closure (PL1. 3) As do all mining projects in Mexico, El Boleo will implement a reclamation and closure plan when the ore body is depleted or when technical and economic conditions challenge its financial feasibility. For that purpose, a conceptual plan was incorporated for the project in the EIM. The plan was based on the basic engineering developed for the project. In addition interim reclamation and contemporaneous reclamation will be conducted whenever possible and appropriate to reduce impact and improve habitat. The reclamation and closure plan was revised to include the changes in El Boleo that have resulted from the development of its detailed and construction engineering. The revision was concluded on the first quarter of 2008 and formally submitted to SEMARNAT. Since, in principle, some activities are planned to be implemented, concurrently with the operation, it is contemplated that the implementation of the program will start once the project is fully operational at design parameters. This is expected to happen starting in 2011. Environmental and Social Action Plan Page 62
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Reclamation and Closure (PL1. 3) This program includes contemporaneous and interim reclamation activities designed to restore habitat, reduce visual impact, and minimize affected areas, as well as help to develop the vegetation propagation program and the composting program. Various aspects of the program were initiated with pilot programs in the first quarter of 2010, and reclamation activities are expected to occur continuously throughout the life of the mine. The 2010 reclamation budget is $124,170. Environmental and Social Action Plan
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Related to Reclamation and Closure (PL1

  • Authorization and Closing 4.1 Newco has authorized the issuance to (i) EIS of 2,388 shares of Preferred Shares, and (ii) RPI of 6,000 shares of Common Shares and 3,612 shares of Preferred Shares, issuable as provided in Clause 4.4 hereof

  • Conditions and Closing 4.1 The Closing Date will occur on such date as may be determined by the Issuer in its sole discretion. The Issuer may, at its discretion, elect to close the Offering in one or more closings.

  • Certain Notifications Until Closing From the Signing Date until the Closing, the Company shall promptly notify the Investor of (i) any fact, event or circumstance of which it is aware and which would reasonably be expected to cause any representation or warranty of the Company contained in this Agreement to be untrue or inaccurate in any material respect or to cause any covenant or agreement of the Company contained in this Agreement not to be complied with or satisfied in any material respect and (ii) except as Previously Disclosed, any fact, circumstance, event, change, occurrence, condition or development of which the Company is aware and which, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect; provided, however, that delivery of any notice pursuant to this Section 3.4 shall not limit or affect any rights of or remedies available to the Investor; provided, further, that a failure to comply with this Section 3.4 shall not constitute a breach of this Agreement or the failure of any condition set forth in Section 1.2 to be satisfied unless the underlying Company Material Adverse Effect or material breach would independently result in the failure of a condition set forth in Section 1.2 to be satisfied.

  • Due-on-Sale Clauses; Assumption and Substitution Agreements When a Property has been or is about to be conveyed by the Mortgagor, the Servicer shall, to the extent it has knowledge of such conveyance or prospective conveyance, exercise its rights to accelerate the maturity of the related Mortgage Loan under any "due-on-sale" clause contained in the related Mortgage or Note; provided, however, that the Servicer shall not exercise any such right if (i) the "due-on-sale" clause, in the reasonable belief of the Servicer, is not enforceable under applicable law or (ii) the Servicer reasonably believes that to permit an assumption of the Mortgage Loan would not materially and adversely affect the interest of the Owners or of the Certificate Insurer. In such event, the Servicer shall enter into an assumption and modification agreement with the person to whom such property has been or is about to be conveyed, pursuant to which such Person becomes liable under the Note and, unless prohibited by applicable law or the related Mortgage Loan documents, the Mortgagor remains liable thereon. If the foregoing is not permitted under applicable law, the Servicer is authorized to enter into a substitution of liability agreement with such person, pursuant to which the original Mortgagor is released from liability and such person is substituted as Mortgagor and becomes liable under the Note; provided, however, that to the extent any such substitution of liability agreement would be delivered by the Servicer outside of its usual procedures for mortgage loans held in its own portfolio the Servicer shall, prior to executing and delivering such agreement, obtain the prior written consent of the Certificate Insurer. The Mortgage Loan, as assumed, shall conform in all respects to the requirements, representations and warranties of this Agreement. The Servicer shall notify the Trustee that any such assumption or substitution agreement has been completed by forwarding to the Trustee the original copy of such assumption or substitution agreement, which copy shall be added by the Trustee to the related File and which shall, for all purposes, be considered a part of such File to the same extent as all other documents and instruments constituting a part thereof. The Servicer shall be responsible for recording any such assumption or substitution agreements. In connection with any such assumption or substitution agreement, the required monthly payment on the related Mortgage Loan shall not be changed but shall remain as in effect immediately prior to the assumption or substitution, the stated maturity or outstanding principal amount of such Mortgage Loan shall not be changed nor shall any required monthly payments of principal or interest be deferred or forgiven. Any fee collected by the Servicer or the Sub-Servicer for consenting to any such conveyance or entering into an assumption or substitution agreement shall be retained by or paid to the Servicer as additional servicing compensation. Notwithstanding the foregoing paragraph or any other provision of this Agreement, the Servicer shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Mortgage Loan by operation of law or any assumption which the Servicer may be restricted by law from preventing, for any reason whatsoever.

  • Post Closing Agreements From and after the Closing, the parties shall have the respective rights and obligations which are set forth in the remainder of this Article VI.

  • Closing and Closing Documents 24 ----------------------------- 11.1. Closing....................................................... 24 ------- 11.2. Seller's Deliveries........................................... 26 ------------------- 11.3. Purchaser's Deliveries........................................ 26 ---------------------- 11.4. Prorations.................................................... 27 ---------- 11.5. Document Preparation and Closing Costs........................ 28 -------------------------------------- 11.6. Reconciliation and Final Payment.............................. 28 -------------------------------- 11.7.

  • Litigation Affecting Closing On the Closing Date, no proceeding shall be pending or threatened before any court or governmental agency in which it is sought to restrain or prohibit or to obtain damages or other relief in connection with this Agreement or the consummation of the transactions contemplated hereby, and no investigation that might eventuate in any such suit, action or proceeding shall be pending or threatened.

  • Release of Pre-Closing Claims (a) Except as provided in Section 3.1(c), effective as of the IPO Closing Date, TODCO does hereby, for itself and each other member of the TODCO Group, their respective Affiliates, successors and assigns, and all Persons who at any time prior to the IPO Closing Date have been stockholders, directors, officers, agents or employees of any member of the TODCO Group (in each case, in their respective capacities as such), remise, release and forever discharge Transocean, each member of the Transocean Group and their respective Affiliates, successors and assigns, and all stockholders, directors, officers, agents or employees of any member of the Transocean Group (in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from any and all Liabilities whatsoever to TODCO and each other member of the TODCO Group, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the IPO Closing Date, including in connection with the transactions and all other activities to implement any Prior Transfers, the Separation, the IPO and any Distribution.

  • Certain Post Closing Covenants In addition to the covenants contained in other sections of this Agreement, the Seller hereby covenants and agrees as follows:

  • Closing Agreements On the Closing Date, the following activities shall occur, the following agreements shall be executed and delivered, and the respective parties thereto shall have performed all acts that are required by the terms of such activities and agreements to have been performed simultaneously with the execution and delivery thereof as of the Closing Date:

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