Closure Cost Estimate definition
Examples of Closure Cost Estimate in a sentence
As described in more detail hereinafter in this Section 20.03, the Closure Cost Estimate shall serve as the basis upon which the Parties shall provide funds to be applied against each Party's Closure Cost Share.
The per ton charge shall be revised from time to time (but not more than twice per year) by the operator to take into account changes in the Closure Cost Estimate, changes in the Remaining Tonnage, changes in the Funding Party's Participating Interest, and earnings accrued on amounts previously collected from the Funding Party and maintained in the Interim Closure Fund.
On or before February 1, 1994, Operator shall submit to Non-Operators a Closure Cost Estimate dated as of such date.
Grantor may request the Trustee to release, and the Trustee shall release, up to Two Million and no/100 Dollars ($2,000,000) on a revolving basis (i.e., subject to replenishment) in accordance with the purposes of the Trust and pursuant to the MRI License and Decommissioning Plan, including Table 15-11, the Closure Cost Estimate, and the terms and conditions of the Joint Reorganization Plan of Fansteel Inc.
The Lessee shall deliver a copy to Lessor, on the date of delivery to TCEQ, of the latest approved Closure Cost Estimate, as adjusted on an annual basis, and a copy of the current financial assurance mechanism as required by applicable law.
As a result of such Closure Cost Estimate, the executive director of TCEQ determined the amount for which evidence of financial assurance was required, which resulted in Lessee’s lender, 1st Bank of Longmont, issuing an irrevocable letter of credit dated December 10, 2009 to the Texas Natural Resource Conservation Commission in the amount of $150,000.00 (“Letter of Credit”).