Reclamation Bonding. The bond required by and filed with the Utah Division of Oil, Gas and Mining (“UDOGM”) in connection with the issuance of a mine permit which includes the Leased Premises may be accepted by the Director to satisfy Lessor’s bonding requirements with respect to Lessee’s reclamation obligations under this Lease; provided, however, upon notice to Lessee, the Lessor may, in its reasonable discretion, determine that the bond filed with UDOGM is insufficient to protect Lessor’s interests. In such an event the Director shall enter written findings as to the basis for calculation of the perceived insufficiency and enter an order establishing the amount of additional bonding required. Lessee shall file any required additional bond with Lessor within thirty (30) days after demand by Lessor. Lessor may increase or decrease the amount of any additional bond from time to time in accordance with the same procedure.
Reclamation Bonding. The bond required by and filed with the Utah Division of Oil, Gas and Mining (“UDOGM”) in connection with the issuance of a mine permit which includes the Leased Premises shall be deemed to satisfy Lessor’s bonding requirements with respect to Lessee’s reclamation obligations under this Lease; provided, however, upon notice to Lessee and a public hearing with respect to the basis for its decision, the Lessor may, in its reasonable discretion, determine that the bond filed with UDOGM is insufficient to protect Lessor’s interests. In such an event the Lessor shall enter written findings as to the basis for its calculation of the perceived insufficiency and enter an order establishing the amount of additional bonding required. Lessee shall file any required additional bond with Lessor within thirty (30) days after demand by Lessor. Lessor may increase or decrease the amount of any additional bond from time to time in accordance with the same procedure.
Reclamation Bonding. Each Seller is up to date in respect of and in compliance with all of the reclamation bonding requirements related to the Transactions, in all material respects. Other than those security assurances set forth on Schedule 3 hereto, there are no other bonds, guaranties, letters of credit, or other forms of financial assurances supporting the Transferred Properties that any Seller or any of its respective Affiliates possesses or has delivered to other Persons as security for performance of certain obligations to Government Authorities or other Persons.
Reclamation Bonding. The Debtors shall promptly finalize a solution for all of their continuing self-bonded reclamation obligations with Wyoming, New Mexico, Illinois and Indiana (the “Bonding Solution”). The Debtors shall provide updates every two weeks to the Initial Private Placement Parties’ professionals regarding their efforts to achieve the Bonding Solution.
Reclamation Bonding. In the event it is determined that, after the Closing Date, Kennecott or its Affiliates remain directly or indirectly obligated under any bonds or other forms of surety that are required for operations of the Venture under the Environmental, Health and Safety Requirements, Buyer will use its reasonable commercial efforts to meet with any relevant agencies and seek to obtain the full and unconditional release of Kennecott and its Affiliates from any such bonds or other forms of surety. Buyer will provide reasonable advance notice of all such meetings to Kennecott and Kennecott shall be entitled to have a representative present at all such meetings. For any bonds needed for the Venture operations as to which Buyer is unable to effect such releases, Buyer will indemnify, defend and hold harmless Kennecott from any liabilities (whether absolute, contingent or otherwise) relating to the same.
Reclamation Bonding. YCMC and Chevron NPRB Lead are up to date in respect of and in compliance with all of the reclamation bonding requirements related to the Transactions, in all material respects. Other than those security assurances set forth on Schedule 3 hereto, there are no other bonds, guaranties, letters of credit, or other forms of financial assurances supporting the YCMC Properties that Chevron NPRB Lead or any of its respective Affiliates possesses or has delivered to other Persons as security for performance of certain obligations to Government Authorities or other Persons.
Reclamation Bonding. YCMC and CONSOL NPRB Lead are up to date in respect of and in compliance with all of the reclamation bonding requirements related to the Transactions, in all material respects. Other than those security assurances set forth on Schedule 3 hereto, there are no other bonds, guaranties, letters of credit, or other forms of financial assurances supporting the YCMC Properties that CONSOL NPRB Lead or any of its respective Affiliates possesses or has delivered to other Persons as security for performance of certain obligations to Government Authorities or other Persons.
Reclamation Bonding. Such CX Ranch Seller is up to date in respect of and in compliance with all of the reclamation bonding requirements related to the Transactions, in all material respects. Other than those security assurances set forth on Schedule 3 hereto, there are no other bonds, guaranties, letters of credit, or other forms of financial assurances supporting the Transferred Properties that such CX Ranch Seller or any of its respective Affiliates possesses or has delivered to other Persons as security for performance of certain obligations to Government Authorities or other Persons.
Reclamation Bonding. The bond filed with the Utah Division of Oil, Gas and Mining (“UDOGM”) in connection with the issuance of a mine permit which includes the Leased Premises shall be deemed to satisfy Lessor’s bonding requirements with respect to Lessee’s reclamation obligations under this Lease; provided, however, upon notice to Lessee and a public hearing with respect to the basis for its decision, the Lessor may, in its reasonable discretion, determine that the bond filed with UDOGM is insufficient to protect Lessor’s interests. In such an event the Lessor shall enter written findings as to the basis for its calculation of the perceived insufficiency and enter an order establishing the amount of additional bonding required. Lessee shall file any required additional bond with Lessor within thirty (30) days after demand by Lessor. Lessor may increase or decrease the amount of any additional bond from time to time in accordance with the same procedure. Lessee may combine any additional bond required under this paragraph with the original lease bond filed under Paragraph 10.1, Lease Bond Required.
Reclamation Bonding. The bond filed with the Utah Division of Oil, Gas and Mining (“UDOGM”) in connection with the issuance of a mine permit which includes the Leased Premises shall be deemed to satisfy Lessor’s bonding requirements with respect to Lessee’s reclamation obligations under this Lease; provided, however, upon notice to Lessee and a public hearing with respect to the basis for its decision, the Lessor may, in its reasonable discretion, determine that the bond filed with UDOGM is insufficient to protect Lessor’s interests. In such an event the Lessor shall enter written findings as to the basis for its calculation of the perceived insufficiency and enter an order establishing the amount of additional bonding required. Lessee shall file any required additional bond with Lessor within thirty (30) days after demand by Lessor. Lessor may increase or decrease the amount of any additional bond from time to time in accordance with the same procedure. Lessee may combine any additional bond required under this paragraph with the original lease bond filed under Paragraph 10.1, Lease Bond Required. ML 51192-OBA-COAL 10.3 Release of Additional Bond. Any additional bond required by Lessor pursuant to 10.2, Reclamation Bonding, may be released by Lessor at any time and shall be released no later than the time of final bond release by UDOGM with respect to the Leased Premises.
