Shutdown Costs means all costs associated with shutting down or suspending Joint Venture Activities within the Mining Area including the costs associated with satisfaction of Rehabilitation Obligations, and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the JV Company in the conduct of Joint Venture Activities.
Shutdown Costs means any and all costs other than Sustaining Costs, incurred in connection with the discontinuance of operations at the Twinstar Facility, including, without limitation, costs incurred in connection with the termination or modification of any Contracts, the return or other disposition of any materials, supplies, inventory or waste, the termination of any employees, the return or revocation of any tax abatements or other tax privileges, or the payment of fees for professional services.
Shutdown Costs means all costs associated with shutting down or suspending Operations within the Mining Area including the costs associated with Rehabilitation and Mine Closure, and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Operator in the conduct of Operations, but only to the extent of the period for which an employee was engaged in the Operations;
Examples of Shutdown Costs in a sentence
Notwithstanding anything to the contrary contained herein, Buyer shall not be obligated to reimburse Seller for any Shutdown Costs unless the Closing has occurred.
Buyer agrees to reimburse Seller, in accordance with Section 6.23 hereof, for fifty percent of the Shutdown Costs.
In connection with Seller's suspension of operations at the Twinstar Facility subsequent to the date hereof and prior to the Closing, Seller shall use all commercially reasonable efforts to terminate such operations in a "recoverable to current operating condition," and will consult with Buyer to achieve that goal and to limit the Shutdown Costs associated therewith to those that are reasonably necessary.
In the event BASF assigns this Agreement, by operation of law or otherwise to a non-Affiliate, and AMVAC within two (2) years of such assignment elects, pursuant to Section 6(d) to terminate this Agreement and the Ground Lease, then notwithstanding the provisions set forth above, AMVAC shall be relieved of the obligation to pay Shutdown Costs, but will make to BASF’s Assignee a one time payment of *** on the last day of this Agreement.
Buyer shall reimburse Seller at the Closing for 50% of the Shutdown Costs actually incurred by Seller; provided, however, that Seller delivers to Buyer at least two (2) Business Days prior to Closing a statement in reasonable detail summarizing the nature and amount of such Shutdown Costs.
More Definitions of Shutdown Costs
Shutdown Costs means all costs associated with shutting down or suspending Joint Venture Activities within the Mining Area including the costs associated with satisfaction of Rehabilitation Obligations and Mine Closure Obligations, and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Manager in the conduct of Joint Venture Activities, but only to the extent of the period for which an employee was engaged in Joint Venture Activities. Tenement means a mining tenement listed in Schedule 2 and includes any lease, license, claim or permit issued or to be issued under the Mining Act to the Joint Venturers for the purposes of the Joint Venture which confers or may confer a right to prospect, explore for or mine any mineral in the Mining Area, or which may facilitate the enjoyment of such right, and includes any application for, and any extension, renewal, conversion or substitution of, any of those tenements. Third Party means a person not a party, or the Related Body Corporate of a party, to this agreement.
Shutdown Costs means, with respect to any Asset Sale, all costs, charges and expenses incurred, accrued or paid by Holdings or any of its Restricted Subsidiaries with respect to: (i) the demobilization, decommissioning, restoration or operating expenses of any site, property, lease, building or tower no longer used or useful to the business of Holdings and its Restricted Subsidiaries as a result of such Asset Sale (a “Demobilized Site”), (ii) the demobilization, decommissioning, removal or disposal of any equipment, fixtures or other tangible personal property located on or used in connection with a Demobilized Site, (iii) circuits, backhaul or other signal transport facilities no longer used or useful to the business of Holdings and its Restricted Subsidiaries as a result of such Asset Sale (including break fees, termination costs or operating expenses), and (iv) any restructuring, severance, relocation, consolidation, closing, integration and transition activities undertaken in connection with or as a result of such Asset Sale.
Shutdown Costs means all costs associated with shutting down all activities of the Company including the costs associated with satisfaction of the Rehabilitation Obligations (if any) and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Company in the conduct of the activities of the Company, but only to the extent of the period for which an employee was engaged in the activities of the Company;
Shutdown Costs means all costs associated with shutting down all Joint Venture Activities including the costs associated with the satisfaction of the Rehabilitation Obligations and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Manager in the conduct of Joint Venture Activities, but only to the extent of the period for which an employee was engaged with the Joint Venture Activities; Site has the meaning given in Background A to this Agreement; Tenement means the mining tenement or tenements listed in Schedule 1 and includes any lease, licence, claim, permit or other authority issued or to be issued under the Mining Act to Jervois for the purposes of the Joint Venture which confers or may confer a right to prospect, explore for or mine any Mineral in the Site, or which may facilitate the enjoyment of such rights, and includes any application for, and any extension, renewal, conversion or substitution of, any of those tenements;
Shutdown Costs means all costs associated with shutting down all activities of the Company including the costs associated with satisfaction of the Rehabilitation Obligations (if any) and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Company in the conduct of the activities of the Company, but only to the extent of the period for which an employee was engaged in the activities of the Company; “Tax” or “Taxes” means all foreign, federal, state, provincial, national, local and other taxes, fees, levies, duties and other assessments or charges of whatever kind (including zakat, income, excise, customs duties, tariffs, stamp, transfer, property, occupancy, value added, use, real estate, sales, payroll, gains, gross receipts, withholding and mining royalties or severance or other fees) together with any commission, penalties, or additions payable in connection with such taxes, fees, levies, duties or other assessments or charges imposed or collected by a Competent Authority whether directly or primarily charged against, recoverable from or attributable to any person;
Shutdown Costs means any and all costs other than Sustaining -------------- Costs, incurred in connection with the discontinuance of operations at the Twinstar Facility, including, without limitation, costs incurred in connection with the termination or modification of any Contracts, the return or other disposition of any materials, supplies, inventory or waste, the termination of any employees, the return or revocation of any tax abatements or other tax privileges, or the payment of fees for professional services.
Shutdown Costs means all obligations and liabilities of the Company and its subsidiaries on the Closing Date, other than (i) the Senior Bank Payoff Amount, (ii) all obligations and liabilities of the Company under the Discount Notes, the Current Pay Notes and the Bridge Loans, (iii) any such obligations or liabilities assumed by Xxxxxx on the Closing Date pursuant to the Medium Power Agreement or assumed by Xxxxxx pursuant to the High Power Agreement, and (iv) any such obligations or liabilities to the extent backed by Existing Letters of Credit.