Reclamation Obligations. The Seller shall, and shall cause each other Seller Entity to, timely and fully perform, pay and observe, or cause to be performed, observed and paid, in all material respects, any and all liabilities and obligations required by any Applicable Laws, Authorizations or the terms and conditions of Other Rights or by any Governmental Body for the reclamation, restoration or closure of any facility or land used in connection with the Seller Entities’ operations or activities at, on or in respect of the Midas Mine and the Fire Creek Project or required under this Agreement. The Seller shall not, and shall ensure that the other Seller Entities do not, undertake, cause, suffer, or permit any condition or activity at, on or in the vicinity of the Properties which constitutes or results in a material violation of Environmental Laws. If any Seller Entity (i) fails to comply with Environmental Laws in any material respect or (ii) undertakes any activity giving rise to liability under Environmental Laws (except as permitted or authorized by any Authorization or by Applicable Law), the Seller shall promptly remedy and correct such failure to comply, satisfy such liability and otherwise take all necessary or desirable action to cure (whether through remediation, payment of penalties or otherwise) such non-compliance or liability and satisfy all obligations in connection therewith.
Reclamation Obligations. The Buyer hereby undertakes to the Seller to procure that Teberebie shall undertake the reclamation obligations.
Reclamation Obligations. All costs, expenses, risks, liabilities and obligations respecting the abandonment of any wellx xxxch are part of the Assets, closure, decommissioning and dismantling the facilities of the Company and any reclamation and restoration of all sites shall be borne and paid for solely by the Buyer, its successors or assigns, and the Buyer, its successors or assigns shall indemnify, defend and save harmless the Seller from and against any claims or demands (including breach of statutory duty) by any person for or resulting in expense, liability, loss, costs, claims or damages direct or indirect (including the effects of, and the costs of complying with any order direction, or claim of any government or agency having jurisdiction) pertaining to the foregoing operations conducted or failed to be conducted by the Buyer, its successors or assigns after Completion.
Reclamation Obligations. 28 ARTICLE XI REPORTING, INSPECTION AND AUDIT...............................29
Reclamation Obligations. Hecla Ventures shall comply with all laws and regulations of the State of Nevada and the United States of America as they pertain to reclamation obligations and Hecla Ventures shall fund and at Hecla Ventures' election, either contract out or carry out these reclamation obligations relating to or arising out of Earn - in Activities on the surface and subsurface of the Area of Interest. If Rodeo Creek elects to continue activities on the Area of Interest for greater than one year from the date of Termination by Hecla Ventures and elects not to have reclamation activities undertaken at that time, then an independent third party's determination of the reclamation liability for Earn - In - Activities will be obtained. Based on the determination of the reclamation liability ("DRL") for Earn - In - Activities then the following shall occur:
(1) if the reclamation fund ("RF") equals the DRL than no monies shall be removed from the RF and Hecla Ventures shall be released of all further reclamation obligations under this Earn - In - Agreement and the Parties shall execute the Termination and Release Agreement in Part III of Exhibit A; or
(2) if the RF is less than the DRL than Hecla Ventures shall contribute 100% of the deficiency; or
(3) if the RF is greater than the DRL than any unused portion of a reclamation fund (funded during or on termination of the Earn - in Activities) remaining after reclamation of the area(s) or upon payment to Rodeo Creek of the DRL to which the reclamation fund relates shall be distributed to Hecla Ventures to the extent Hecla Ventures has not recouped 115% of the actual costs of Stage I and Stage II Earn - in Activities, otherwise distributed to the Participants based on their respective Participating Interest at time of disbursement. In the event of (1), (2) or (3) above, then Rodeo Creek shall be fully responsible for the DRL and Hecla Ventures shall be released of all further reclamation obligations. Hecla Ventures acknowledges that certain areas of the Properties are undergoing reclamation. Hecla Ventures agrees to coordinate its Earn - in Activities with Rodeo Creek's reclamation and permitting activities and Rodeo Creek's reclamation activities with Newmont Mining Company, and dealings with BLM, NDEP and Traditional Cultural Properties and Resources and other government agencies. Nothing in this Earn - in Agreement shall require or be interpreted as requiring Hecla Ventures to perform any reclamation or pay any part of reclamati...
Reclamation Obligations. (a) Except as otherwise provided herein, Buyer shall be responsible for and assume all payments, reclamation obligations, or other obligations with respect to the Claims as of the Effective Date; and
(b) Buyer shall be solely responsible for all environmental liabilities and/or reclamation obligations resulting directly from its exploration on the Claims.
Reclamation Obligations. (a) Desert Mountain shall remain responsible for all payment, land disturbance, reclamation, environmental liabilities or other obligations with respect to the Property arising before the Effective Date, except to the extent that such land disturbance, reclamation or other obligations are increased by 777's operations on the Property. (b) 777 shall be solely responsible for all environmental liabilities and/or reclamation obligations resulting from its Exploration on the Property.
Reclamation Obligations. The parties agree that all costs, expenses, risks, liabilities and obligations respecting the abandonment of any wells which are part of the Interests, closure, decommissioning and xxxxxntling of any facilities associated therewith and reclamation and restoration of all sites shall be borne and paid for solely by Buyer and Swift, and Buyer and Swift shall, in respect thereof, jointly and severally, indemnify, defend and save harmless Antrim from and against any claims or demands by any person for or resulting in expense, liability, loss, costs, claims or damages, direct or indirect (including the effects of and the costs of complying with any order, direction, or claim of any government, or agency, department, official or tribunal thereof having jurisdiction) pertaining to the foregoing operations conducted or failed to be conducted by Buyer or Swift.
Reclamation Obligations. Indebtedness shall be calculated without giving effect to any increase or decrease in Indebtedness for any purpose under this Indenture as a result of accounting for any embedded derivatives created by the terms of such Indebtedness.
Reclamation Obligations. Borrower and each of its Subsidiaries are in compliance, in all material respects, with the reclamation obligations of Borrower or such Subsidiary created by applicable law, including material placement, stabilizing, capping, regrading, placing cover soils, revegetation, and maintenance, as applicable. Borrower and each of its Subsidiaries have made adequate provision for all such reclamation obligations.
