Environmental Compliance Fund definition

Environmental Compliance Fund means the account established under Section 2.14 of Exhibit B.
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Environmental Compliance Fund means the fund established pursuant to Paragraph 2.14 of Exhibit B.
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Environmental Compliance Fund means the fund established and maintained to pay for Environmental Compliance costs, as further detailed in Exhibit B.
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Examples of Environmental Compliance Fund in a sentence

  • No Member who has resigned or withdrawn from the Company will be required to contribute additional funds to the Environmental Compliance Fund unless and until all contribution made to said Environmental Compliance Fund prior to such withdrawal or resignation have been spent or committed to be spent.

  • The Management Committee may establish, in addition to the Environmental Compliance Fund, one or more cash reserves as the Management Committee determines from time to time, and may apply such reserves for Operations as may be Approved by the Management Committee, provided that cash reserves will be limited only to those reserves and to such amounts as are necessary to support Operations or to satisfy the Company’s third party lender requirements, including pursuant to approved Project Financing.

  • Should the cumulative cost of satisfying any Continuing Obligation be in excess of cumulative amounts accrued or otherwise charged to the Environmental Compliance Fund provided for in Paragraph 2.14 of Exhibit B and should any Member be found liable therefore, the Members shall make capital contributions to the Company (or if the Company has been terminated, make payment directly to the Member found liable), in proportion to their respective Ownership Interests, to fund any such Continuing Obligations.

  • Funds deposited into the Environmental Compliance Fund will be maintained by the Manager in a separate, interest bearing cash management account, which may include money market investments and money market funds, or longer-term investments approved by the Management Committee.

  • This fund, hereinafter called, Environmental Compliance Fund, which through successive proportionate contributions of the Partners during the duration of the agreement, will be sufficient to cover ongoing Environmental Compliance conducted during Operations and which will cover the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and other Continuing Obligations.


More Definitions of Environmental Compliance Fund

Environmental Compliance Fund means the account to fund estimated Environmental Liabilities established pursuant to applicable Budgets.
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Environmental Compliance Fund means the account established pursuant to Article IX and maintained by the Manager according to Article V.
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Environmental Compliance Fund has the meaning set out in the Section 2.14 of the Joint Venture Agreement, annexed hereto as Schedule 3.
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Environmental Compliance Fund means the account established under Section
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Environmental Compliance Fund means the account established pursuant to PARAGRAPH 2.14 OF EXHIBIT B. ------------------------------
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Environmental Compliance Fund means such amounts as the Board of Managers may determine will be necessary to cover the costs of reasonably anticipated Environmental Compliance (including reasonably anticipated costs of mine closures, post-Operations Environmental Compliance and Continuing Obligations).
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Environmental Compliance Fund means the account established pursuant to Section 8.6.
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