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

• 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 and Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Orphan Pipeline Fund, as the Trustee in its sole discretion sees fit.

• Thereof For greater certainty, assets from the Fund may be transferred to another QET for the purpose of funding Reclamation Obligations in accordance with this Agreement upon the Tribunal’s direction or order, including any such direction or order that is made part of the Tribunal’s direction or order approving the sale, assignment, transfer or other disposition of the Pipeline or a portion thereof from a Beneficiary to another person pursuant to paragraphs 181(1)(a), (b) and (c) of the CER Act.

• Discretionary as to two or more beneficiaries The Fund is held by the Trustee on trust for one or several Beneficiaries, the Trustee having a power to appoint at its discretion, from among the Beneficiaries of the Fund responding at the time of payment to the then existing Reclamation Obligations.

• Except as otherwise expressly provided herein, the Trustee may only make distributions from the Fund for the sole purpose of funding the discharge of the Reclamation Obligations of the Beneficiaries of the Trust.

• For greater certainty, access to the Fund, including the precise amount of the Fund to be released for payment of amounts required to satisfy the Reclamation Obligations of the Beneficiaries, is subject to the Tribunal’s written approval.

More Definitions of Reclamation Obligations

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

Reclamation Obligations has the meaning set forth in the recitals.

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.

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 abandonment, reclamation and remediation obligations under the Regulatory Legislation in respect of the 216 Disposition Lands, the JMB Disposition Lands, the JMB Active Royalty Lands and the JMB Inactive Royalty Lands, including under any EPOs, EOs or other regulatory orders issued under the Regulatory Legislation by the AEP;

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.