Collateral Bond Agreement Sample Contracts

Collateral Bond Agreement-Certificate of Deposit Fee Surface Owner Protection
Collateral Bond Agreement • April 9th, 2021

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

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Collateral Bond Agreement-Certificate of Deposit Exploration and Production Waste Disposal Facility
Collateral Bond Agreement • April 9th, 2021

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 maintenance and operation of the above listed facility in such a manner as not to cause pollution of the waters of the state or other adverse environmental impacts, and upon abandonment of the facility and the proper closure of the facility site. It is the intention of the parties that the CD be utilized as principal to guarantee that the full principal amount will be available to the State of Utah, Division of Oil, Gas, and Mining (“Division”) for maintenance and operation of the above listed facility in such a manner as not to cause pollution of the waters of the state or other adverse environmental impacts, and upon abandonment of the facility and the proper closure of the facility site. Upon demand and in the event that the Operator o

Collateral Bond Agreement-Certificate of Deposit
Collateral Bond Agreement • April 9th, 2021

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 plugging and abandonment of the well(s) and proper well site(s) restoration. It is the intention of the parties that the CD be utilized as principal to guarantee that the full principal amount will be available to the State of Utah, Division of Oil, Gas, and Mining (“Division”) for proper plugging and abandonment of the well(s) and proper well site(s) restoration. Upon demand and in the event the Operator of the well site(s) is unable or unwilling to complete proper plugging and abandonment of the well(s) and proper well site(s) restoration in compliance with applicable state law and

COLLATERAL BOND FORM
Collateral Bond Agreement • January 21st, 2022

WHEREAS, this agreement is made and entered into on the date last below written between the Montana Department of Environmental Quality, hereinafter called "Department," and  , hereinafter called "Permittee". Department has issued to Permittee Surface Mine Permit No.  , hereinafter called "the Permit," which was issued pursuant to the Montana Strip and Underground Mine Reclamation Act, Title 82, Chapter 4, part 2, MCA, hereinafter called "the Act";

Contract
Collateral Bond Agreement • March 16th, 2021
COLLATERAL BOND AGREEMENT (ASSIGNMENT OF A CERTIFICATE OF DEPOSIT)
Collateral Bond Agreement • September 4th, 2003

The above named Permittee is the holder of the Surface Coal Mining and Reclamation Operations Permit listed above and is duly authorized to do business in the State of North Dakota. Permittee, AS PRINCIPAL, is held firmly bound unto the State of North Dakota, in the sum of Dollars

Collateral Bond Agreement-Cash Account Exploration and Production Waste Disposal Facility
Collateral Bond Agreement • April 9th, 2021

This agreement describes the mutually agreed upon instructions of the below signed parties to the State Treasurer, regarding the control, redemption, and release of the State Treasurer's above-described Cash Account, which is being used as principal to guarantee the availability for maintenance and operation of the above listed facility in such a manner as not to cause pollution of the waters of the state or other adverse environmental impacts, and upon abandonment of the facility and the proper closure of the facility site. It is the intention of the parties that the Cash Account be utilized as principal to guarantee that the full principal amount will be available to the State of Utah, Division of Oil, Gas, and Mining (“Division”) for maintenance and operation of the above listed facility in such a manner as not to cause pollution of the waters of the state or other adverse environmental impacts, and upon abandonment of the facility and the proper closure of the facility site. Upon d

COLLATERAL BOND AGREEMENT (LETTER OF CREDIT)
Collateral Bond Agreement • December 9th, 2020

This agreement covers any and all land affected or to be affected by surface coal mining and reclamation operations within the bond area containing acres and as described in attached Exhibit 2 (legal description) and Exhibit 3 (map). This agreement covers all mining related disturbances since the issue date of the Permit.

State of Oklahoma Non-Coal Division
Collateral Bond Agreement • August 8th, 2017
COLLATERAL BOND AGREEMENT (CASH DEPOSIT)
Collateral Bond Agreement • September 4th, 2003

The above named Permittee is the holder of the Surface Coal Mining and Reclamation Operations Permit listed above and is duly authorized to do business in the State of North Dakota. Permittee, AS PRINCIPAL, is held firmly bound unto the State of North Dakota, in the sum of Dollars

Contract
Collateral Bond Agreement • December 10th, 2003
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