Common Contracts
1 similar null contracts
Collateral Bond Agreement-Certificate of Deposit Fee Surface Owner ProtectionJuly 31st, 2006
This agreement describes the mutually agreed upon instructions of the below-signed parties to the Bank, regarding the control, redemption, and release of the Bank's above-described CD, which is being used as principal to guarantee the availability for proper surface restoration where a surface agreement is not in place. It is the intention of the parties that the CD be utilized as principal to guarantee that the full principal amount plus any accrued interest will be available to the State of Utah, Division of Oil, Gas, and Mining (“Division”), as the agent
