Financial assurance definition

Financial assurance means a commitment of funds or resources by an operator to a regulatory authority that satisfies the requirements in s. 14 and is sufficient to pay for reclamation activities required by this chapter.

Financial assurance means a performance bond, escrow, cash, certificate of deposit, irrevocable letter of credit, corporate guarantee, or other equivalent security, or any combination thereof.

Financial assurance means the mechanisms used to

Examples of Financial assurance in a sentence

• The decommissioning obligation must be satisfied through an acceptable form of financial assurance and will be due according to the schedule beginning before the commencement of the installation of commercial facilities on a date or dates to be determined by the Lessor.(c) Adjustments to Financial Assurance Amounts.

• Company may withhold the provision of new Service until Company has received a requested Financial Assurance.

• The amount of financial assurance required to meet all lease obligations includes: (a) Initial Financial Assurance.

• Financial Assurance The Lessor will base the determination for the amounts of all Site Assessment Plan (SAP), COP, and decommissioning financial assurance requirements on estimates of the cost to meet all accrued lease obligations.

• If Customer fails to provide a requested Financial Assurance to Company within four (4) Banking Days of Company’s request, Company may upon four (4) Banking Days Notice immediately suspend any or all Service being or to be provided to Customer provided however that any such suspension shall not relieve Customer from any obligation to pay any rate, toll, charge or other amount payable to Company.

More Definitions of Financial assurance

Financial assurance means the mechanisms used to demonstrate that the funds necessary to meet the cost of closure, postclosure maintenance and monitoring, and corrective action will be available whenever they are needed.

Financial assurance means one or more of,

Financial assurance means reasonable assurance from a credit worthy party, examples of which include a surety bond, trust instrument, cash escrow, or irrevocable letter of credit.

Financial assurance. 28 means a remedial action that consists of an assurance provided to ecology under WAC 173-340-440(11) that sufficient financial resources are available to provide for the long-term effectiveness of engineered or institutional controls.

Financial assurance means a commitment of funds or re- sources by an operator to a regulatory authority that satisfies the requirements in s. NR 135.40 and is sufficient to pay for reclama- tion activities required by this chapter.

Financial assurance means a mechanism or instrument intended to provide funds if necessary to the department to conduct closure, monitoring, or cleanup of a specific facility or site in accordance with the applicable environmental requirements provided in this title.

Financial assurance means the financial assurance (whether in the form of a bond, letter of credit, cash or otherwise) required pursuant to any Act.