Reclamation Obligations definition

Reclamation Obligations means statutory, contractual, constructive or legal obligations, including the principal component of any obligations in respect of letters of credit, bank guarantees, performance or surety bonds or other similar instruments, associated with decommissioning of mining operations and reclamation and rehabilitation costs, including the cost of complying with applicable environmental regulation.

Reclamation Obligations means statutory, contractual, constructive or legal obligations associated with decommissioning of mining operations and/or mineral processing facilities and reclamation and rehabilitation costs arising when environmental disturbance is caused by the exploration or development of mineral properties, plant and equipment.

Reclamation Obligations means all reclamation and similar obligations arising from Sellers’ and their Affiliates’ ownership and operation of the Business, including, without limitation, all obligations under SMCRA.

Examples of Reclamation Obligations in a sentence

• Subject to Article 5, the Trustee shall draw upon the Fund solely for the purpose of funding the discharge of the Reclamation Obligations of the Beneficiaries.

• The Trustee, and every delegate of the Trustee, including any Investment Manager appointed pursuant to this Agreement, is to ensure that every expense item about to be incurred in the discharge of a Trustee duty or the exercise of a Trustee power is necessarily incurred and is demonstratively reasonable in cost, the intent of such prudence being to maximize the Trust Fund resources that are available for Reclamation Obligations.

• On the date of this Agreement, the Company shall provide to the Trustee a written description of all Applicable Laws relating to the Reclamation Obligations of the Beneficiaries and the distributions of any Funds from the Trust, record keeping, reporting or any other administrative obligations specifically applicable to pipeline reclamation trusts that may affect the administration of the Trust, and shall promptly notify the Trustee of any changes to such Applicable Laws.

• The Trustee shall draw on the Fund and pay to any third party for the purposes of funding the discharge of the Reclamation Obligations of a Beneficiary on presentation by the third party of a written direction or an order from the Tribunal, with such direction or order confirming the precise amount to be disbursed from the Trust Fund and the timing of the disbursement.

• If property remains in the Fund after all Reclamation Obligations of the Beneficiaries are discharged, then the Trustee, with the approval of the Tribunal, may distribute the Fund or any part thereof among any of the Beneficiaries (including the Company), or the Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Fund, as the Trustee in its sole discretion sees fit.

More Definitions of Reclamation Obligations

Reclamation Obligations has the meaning set forth in the recitals.

Reclamation Obligations has the meaning set forth in the definition of “Original Collateral Bond.”

Reclamation Obligations means the current and future obligations of the Beneficiaries to carry out Reclamation of the Site;

Reclamation Obligations means, with respect to any Person, all mine closure, asset retirement and environmental reclamation obligations of such Person, whether matured, real or contingent, on a consolidated basis at such time (except to the extent fully defeased by cash collateral).

Reclamation Obligations means the obligations and commitments of any Vendor of any nature whatsoever under Applicable Law relating to the environment including under Applicable Law for the reclamation, rehabilitation and restoration of the Purchased Assets, whether such obligations are asserted or unasserted, known or unknown, absolute or contingent, accrued or unaccrued, matured or unmatured, including the obligations and costs of reclamation, decommissioning, rehabilitation and restoration set forth in any Closure Plan.

Reclamation Obligations means the reclamation and remediation obligations under the EPEA and PLA in respect of the 216 Disposition Lands, the JMB Disposition Lands, the JMB Active Royalty Lands and the JMB Inactive Royalty Lands;

Reclamation Obligations means the reclamation, rehabilitation, revegetation and other mine closure obligations (including reclamation mine closure guarantees) of the Parent Guarantor or any Restricted Subsidiary with respect to mines or other assets of the Parent Guarantor or any Restricted Subsidiary used or useful in a Related Business.