Reclamation Bonds definition

Reclamation Bonds means the bonds pledged or posted by one or more Sellers in connection with the operation of the portion of the Acquired Assets owned by such Seller. A description of all Reclamation Bonds is set forth on Schedule 1.1F.

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Reclamation Bonds means all cash (or cash equivalent), letters of credit and surety bonds posted by or for the benefit of any of the Arch Companies to secure the performance of their respective reclamation or other obligations pursuant to, in connection with or as a condition of the licenses held by any of them, as set forth on Schedule 4.2.31(1).

Reclamation Bonds has the meaning set forth in Section 7.16.

Examples of Reclamation Bonds in a sentence

Purchaser shall cooperate with Sellers to obtain the requisite consent from all Governmental Authorities to the release of the Reclamation Bonds.
Each Seller hereby agrees that, until Purchaser is able to post its own bonds with each applicable Governmental Authority, the Reclamation Bonds will remain in full force and effect and the applicable Seller shall not apply for any release thereof.
Zurich may also draw upon any letter of credit following notice of non-renewal or termination from the issuer, unless (i) the Reclamation Bonds have been released or (ii) Zurich has been provided with Additional Collateral (as defined in Section 2.3(a) below.
Other than the Reclamation Bonds listed on Schedule 6.9, no other bonds are currently required under applicable Law to be posted in connection with the Permits.
The restrictions in this Section relating to Debt shall not apply to Mine Reclamation Bonds, surety bonds, banking agreements, letters of credit, or other financial commitment related to providing financial security or assurance for the TMPA's mine reclamation responsibilities.

More Definitions of Reclamation Bonds

Reclamation Bonds means cash deposits and other forms of security held in the name of or on behalf of the Votorantim in connection with reclamation obligations in respect of the Acquisition Property, as set out in Section 1.1(i) of the Disclosure Schedule.

Reclamation Bonds has the meaning set forth in Section 5.11.

Reclamation Bonds shall include those bonds set forth on the attached schedule of “Surety Bond Without Premium,“as the same may be updated and/or revised by the Parties from time to time.

Reclamation Bonds means all cash deposits and other forms of security held in the name of or on behalf of Manhattan or Royal Standard in connection with reclamation obligations in respect of the Acquisition Properties, including those listed in Exhibit F hereto.

Reclamation Bonds means the reclamation and reimbursement bonds listed in Schedule 11 or as approved by the Agent from time to time.

Reclamation Bonds are those reclamation bonds set forth on Schedule 6.9.

Reclamation Bonds meanss all bonds, required by any Governmental Authority in connection with the conduct or contemplated conduct of mining operations, including, without limitation, all performance and reclamation bonds required in connection with the mining permits for the Coal Properties.