Examples of Reclamation Bonds in a sentence
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.
Purchaser shall cooperate with Sellers to obtain the requisite consent from all Governmental Authorities to the release of the Reclamation Bonds.
As of the Closing Date, Buyer shall deliver to the applicable Governmental Authorities duly executed Replacement Bonds and Buyer shall use its best efforts to cause such agencies to fully and unconditionally release Sellers and their respective Affiliates from all obligations relating to the Reclamation Bonds and any liabilities related thereto.
Must provide to the DNR a total of $75,000,000 of financial assurance in the form of Surety or Reclamation Bonds, ILOCs, or cash for coverage of liabilities associated with (i) the construction of the project, and (ii) the legacy reclamation costs associated with the facilities within the former LTVSMC plant site and tailings basin acquired by Permittee from Cliffs Erie, L.L.C.; and b.
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.