Common use of Performance Guaranty Clause in Contracts

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.

Performance Guaranty. As per Section 25 of the lease the Lessee shall provide and maintain must post a surety bond or other form of security acceptable to DMLW performance guaranty in the amount of $6,000 payable to secure faithful performance with all terms and condition of the State lease and to insure site restoration of Alaskathe leasehold. Such The performance guaranty shall guarantee must remain in effect for the duration of the lease term or until released in writing by the AO. Failure by the Lessee to provide replacement security, upon notice of this and any subsequent authorization and non-renewal of an existing form of security, shall secure performance of ▇▇▇▇▇▇be grounds for the AO to make a claim upon the existing security to protect the Lessor’s obligations hereunderinterests. The guaranty amount of the performance guaranty will be subject to periodic adjustments and may be adjusted by the AO in the event upon approval of approved any amendments to this authorizationthe lease, assignments, re-appraisals, changes in the Development Plandevelopment plan, or approval of a reclamation plan, any change in the activities conducted or performance of operations conducted on the premisesleased premises and as a result of any violations to the lease agreement. The performance guaranty may be utilized by DMLW the AO to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site utilization, restoration requirements and and/or other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization lease agreement within a reasonable timeframe, the State AO may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ The Lessee agrees to pay within 20 days following demand, all costs and expenses reasonable incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorizationlease agreement. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any The provisions of the lease agreement these authorizations shall not prejudice the State’s right to obtain a remedy under any law or regulation. If The performance guaranty will be released upon expiration of the AO determines lease provided that ▇▇▇▇▇▇ has satisfied the all terms and conditions of the land use authorizationlease have been met, including complete removal and restoration of the performance guaranty will be subject to release. The performance guaranty may only be released leased area leaving the site in writing by the AOa safe and clean condition.

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 35,125 payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 2,500 payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 payable 60,670payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plandevelopment plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site leasehold utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 110,200 payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 12,400 payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plandevelopment plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 88,300 payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plandevelopment plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site leasehold utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 16,000 payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 64,300 payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plandevelopment plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site leasehold utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.

Performance Guaranty. Lessee shall provide and maintain a surety bond or other form of security acceptable to DMLW in the amount of $6,000 36,700 payable to the State of Alaska. Such performance guaranty shall remain in effect for the term of this and any subsequent authorization and shall secure performance of ▇▇▇▇▇▇’s obligations hereunder. The amount of the performance guaranty may be adjusted by the AO in the event of approved amendments to this authorization, changes in the Development Plan, or any change in the activities or operations conducted on the premises. The performance guaranty may be utilized by DMLW to cover actual costs incurred by the State of Alaska to pay for any necessary corrective actions in the event the Lessee does not comply with the site utilization, restoration requirements and other stipulations contained in the lease agreement. If the Lessee fails to perform the obligations under the authorization within a reasonable timeframe, the State may perform the Lessee’s obligations at the Lessee’s expense. ▇▇▇▇▇▇ agrees to pay within 20 days following demand, all costs and expenses incurred by the State of Alaska as a result of the failure of the Lessee to comply with the terms and conditions of the authorization. Failure to do so may result in the termination of the authorization and/or forfeiture of the performance guaranty. Any provisions of the lease agreement shall not prejudice the State’s right to obtain a remedy under any law or regulation. If the AO determines that ▇▇▇▇▇▇ has satisfied the terms and conditions of the land use authorization, the performance guaranty will be subject to release. The performance guaranty may only be released in writing by the AO.