Common use of Surety Instruments Clause in Contracts

Surety Instruments. On or before March 1, 1999 and on or before March 1 each year thereafter, the Parties shall either; 1) amend the existing surety instrument to the revised surety amount, or 2) deliver to the Manager a Surety Instrument with a value equal or greater than their proportionate share of the surety amount as described in 11.(b)(i) above.

Appears in 2 contracts

Sources: Coal Mining Agreement (Cloud Peak Energy Inc.), Coal Mining Agreement (Cloud Peak Energy Inc.)