VEBA Contribution. 3.1. Peabody shall pay or cause to be paid a total of $220 million to the VEBA (the “VEBA Contributions”), payable as follows: (a) $75 million on January 2, 2015, or the next Business Day thereafter if not a Business Day; (b) $75 million on January 2, 2016, or the next Business Day thereafter if not a Business Day; and (c) $70 million on January 2, 2017, or the next Business Day thereafter if not a Business Day. 3.2. For the avoidance of doubt, the sum of the Cash Contribution and the VEBA Contributions will be $310 million (in nominal dollars).
Appears in 2 contracts
Sources: Settlement Agreement (Patriot Coal CORP), Settlement Agreement (Peabody Energy Corp)