Coal Act Clause Examples
Coal Act. No Seller has any potential liability or obligation of any nature, contingent or otherwise (including, without limitation, any control group liability and liability as a successor or as a successor-in-interest), arising under the Coal Industry Retiree Health Benefit Act of 1992, 26 U.S.C. Sections 9701-9722.
Coal Act. Either Sellers shall have obtained a release, in form and substance reasonably satisfactory to Buyer in its sole discretion, of all liabilities and obligations arising under the Coal Act (including, without limitation, liability as a successor or as a successor-in-interest) for (A) any Person any equity of which is purchased and sold pursuant to this Agreement and (B) any Person that acquires any Acquired Assets pursuant to this Agreement and its present and future Affiliates and successors-in-interest (solely with respect to liabilities and obligations under the Coal Act arising out of or in connection with the Acquired Assets or any business conducted therewith), or every Seller that has any liability or obligation (including, without liability, control group liability) under the Coal Act shall have commenced, at the expense of Buyer, a case under chapter 11 of the Bankruptcy Code and at the Closing all of the Acquired Assets of each such Seller shall be conveyed pursuant to sections 105, 363 and 365 of the Bankruptcy Code, as applicable, on the terms set forth in the Bankruptcy Sale Order.
Coal Act. 5 1.20. Coal Inventory.........................................................................................5 1.21. COBRA..................................................................................................5 1.22. Code...................................................................................................5 1.23. Contaminated...........................................................................................5 1.24. Contracts..............................................................................................5 1.25.
Coal Act. Seller is not a “signatory operator” or “related person” under the Coal Act.
Coal Act. Black Lung Act Each Xxxxxx Entity and each of its "related persons" (as defined in the Coal Act) are in compliance in all material respects with the Coal Act and no Xxxxxx Entity or any of its related persons has any liability under the Coal Act except with respect to premiums or other payments required thereunder which have been paid when due and except to the extent that the liability thereunder would not reasonably be expected to have a Material Adverse Effect. Each Xxxxxx Entity is in compliance in all material respects with the Black Lung Act, and no Xxxxxx Entity has any liability under the Black Lung Act except with respect to premiums, contributions or other payments required thereunder which have been paid when due and except to the extent that the liability thereunder would not reasonably be expected to have a Material Adverse Effect.
Coal Act. Black Lung Act. To the extent applicable, each Loan Party, Hallador Sands, and each Subsidiary of Hallador Sands and its "related persons" (as defined in the Coal Act) are in compliance in all material respects with the Coal Act and none of the Loan Parties, Hallador Sands or any Subsidiary of Hallador Sands or its related persons has any liability under the Coal Act except with respect to premiums or other payments required thereunder which have been paid when due and except to the extent that the liability thereunder would not reasonably be expected to result in a Material Adverse Change. The Loan Parties are in compliance in all material respects with the Black Lung Act, and none of the Loan Parties has any liability under the Black Lung Act except with respect to premiums, contributions or other payments required thereunder which have been paid when due and except to the extent that the liability thereunder would not reasonably be expected to result in a Material Adverse Change.