Examples of Reclamation Share in a sentence
Provided the Authority provides the notices required by Section 5.02 of the Indenture, the Authority shall collect from each Advanced Payment Project Agreement Member payment of its respective Participation or Participant Percentage of the Reclamation Share, as established in Section 1.1.2 of this Advanced Payment Project Agreement, on the schedule required to meet Authority obligations under Section 5.02 of the Indenture.
Within ninety (90) days after the Effective Date of this Mine Reclamation Agreement, PNMR-D will deposit into its Reclamation Trust immediately available funds sufficient to satisfy its Reclamation Share of the Reclamation Funding Target Amount for calendar year 2015.
There was an offer made towards these costs but this was not the full amount that was asked for.
In the event of certain defaults by another Party under the Mine Reclamation Agreement, Party A is required by the Mine Reclamation Agreement to establish a separate segregated portion of the Trust Account (which will be unique for each defaulting Party) under the Mine Reclamation Agreement, to be denominated the “Make-up Reclamation Trust Fund”, to provide funding for Party A’s Reclamation Share of the shortfall created by such default in the defaulting Party’s trust account.
No additional funding of a Reclamation Trust will be required of a Party if the funds in its Reclamation Trust are sufficient by December 31 of each year during the term hereof, to satisfy the Party’s Reclamation Share of the Reclamation Funding Target Amount for that year.
If the assignee elects to become an Opt-in Participant, it will satisfy its Reclamation Share of the Reclamation Funding Target Amount set out in Exhibit 1A and Exhibit 1D, as applicable, for December 31 of the year in which the consummation of the Purchase Transaction takes place.
If the assignee elects to become an Opt-out Participant, it will satisfy its Reclamation Share of the Reclamation Funding Target Amount set out in Exhibit 1C and/or Exhibit 1F, as applicable, for December 31 of the year in which the consummation of the Purchase Transaction takes place.
The Authority agrees to deposit amounts received from each Advanced Payment Project Agreement Member in the Advanced Payment Fund held by the Trustee under the Indenture to be applied by the Trustee in accordance with Section 5.07 of the Indenture, provided however in no event shall the total amount collected from all of the Advanced Payment Project Agreement Members in any Authority Fiscal Year exceed the lesser of the Reclamation Share or $[2,267,107].
The Authority agrees to deposit amounts received from each Advanced Payment Project Agreement Member in the Advanced Payment Fund held by the Trustee under the Indenture to be applied by the Trustee in accordance with Section 5.07 of the Indenture, provided however in no event shall the total amount collected from all of the Advanced Payment Project Agreement Members in any Authority Fiscal Year exceed the lesser of the Reclamation Share or $2,267,107.
If a Party fails, after December 31, 2017, to fund its Reclamation Trust to the post-2017 Reclamation Funding Target Amount and such failure results in a Default Declaration, then each Opt-in Participant will fund a share of the defaulting Party’s shortfall in a Make-up Trust Fund within the non-defaulting Party’s Reclamation Trust Fund based upon the relation of the Reclamation Share of each such non-defaulting Opt-in Participant to the Reclamation Shares of all non-defaulting Opt-in Participants.