Reclamation Bond definition

Reclamation Bond. The reclamation bond recorded against the Queen Creek Property shall remain in place until WPEC obtains a bond in its own name. However, the obligations of the MEMBERS and/or its predecessor in interest, PACIFIC COAST BUILDING PRODUCTS, INC., a California corporation ("PCBP"), under said bond shall be assumed by WPEC upon the transfer of ARIZONA PACIFIC to WPEC and WPEC shall indemnify and hold the MEMBERS and PCBP harmless from any and all expenses, costs, obligations, and other liabilities under the terms of that bond which occur or accrue after the Closing.
Sample 1
Reclamation Bond. The reclamation bond recorded against the Queen Creek Property shall remain in place. However, the obligations of the MEMBERS and/or its predecessor in interest, PCBP, under said bond shall be assumed by WPEC upon the transfer of ARIZONA PACIFIC to WPEC and WPEC shall indemnify and hold the MEMBERS and PCBP harmless from any and all expenses, costs, obligations, and other liabilities under the terms of that bond which occur or accrue after the Closing. In furtherance of such assumption of obligation, WPEC agrees to executed any other documentation required to accurately reflect that WPEC has agreed to assume such reclamation obligations, including but not limited to, replacing the current bond with one in the name of WPEC.
Sample 1
Reclamation Bond. AMT recognizes and acknowledges that the reclamation bond recorded against the Queen Creek Property shall remain in place until WPEC is able to obtain a replacement bond in its own name. However, the obligations of the MEMBERS and/or its predecessor in interest, PCBP, under said bond shall be assumed by WPEC and guaranteed by AMT upon the transfer of ARIZONA PACIFIC to WPEC and WPEC and AMT shall jointly and severally indemnify and hold the MEMBERS and PCBP harmless from any and all expenses, costs, obligations, and other liabilities under the terms of that bond which occur or accrue after the Closing.
Sample 1

Examples of Reclamation Bond in a sentence

  • Under the terms of the Option, Placer guaranteed a Reclamation Bond required to be posted by the Company for previous exploration work on the Core Claims.

  • As the Agreement was terminated on December 31, 1999, the Company was required to post its own security to guarantee performance under the Reclamation Bond.

  • Purchaser shall replace the same with comparable financial instruments issued for the benefit of Purchaser acceptable to the applicable Governmental Authority to which the applicable Reclamation Bond is pledged.

  • Purchaser hereby acknowledges and agrees to (a) notify Global promptly, but in any event within five (5) Business Days, after Purchaser is advised of the amount of any bond required to be posted by Purchaser with any Governmental Authority and (b) assist the applicable Seller to the extent reasonably necessary to obtain the release of the corresponding Reclamation Bond being replaced by the bond to be posted by Purchaser.

  • Reclamation deposits (continued)As at December 31, 2007 the Company assumed a $1,326,100 Reclamation Bond from Hecla Limited (“Hecla”) with the United States Bureau of Land Management in respect of reclamation of the Hollister Property and had placed deposits for guarantees of $299,498 in favor of the South African Department of Minerals and Energy for the reclamation of the Burnstone Property.

  • When the Completion Progress Report is approved by the EPA, the value of completed reclamation works is used to adjust the basis for the Reclamation Bond (Section 14.9.3).

  • It is agreed that the Reclamation Bond may be replaced or otherwise released at any time by SJCC with the concurrence of the NMEMNRD.

  • When the Completion Progress Report is approved by the EPA, the value of completed reclamation works is used to adjust the basis for the Reclamation Bond (14.11.3 below).

  • The requirements for the Reclamation Bond were not evaluated in detail for the study.

  • Yamana will, on or before the Effective Date, arrange with Corporation and the Government of Québec for the assumption of 50% of the Reclamation Bond, and a release of Corporation from its liabilities and obligations in respect of such portion of the Reclamation Bond.


More Definitions of Reclamation Bond

Reclamation Bond means that certain bond to be issued by Utah State Department of Natural Resources Division of Oil, Gas and Mining to secure the performance by 777 of reclamation on Coyote Knolls. (in) "State Lease" means Mineral Leases ML- 51979 and ML 53490 issued by the State Institutional Trust Lands Administration of Utah. ARTICLE 2
Sample 1
Reclamation Bond means the $46,440,000 deposited with the government of Québec in the form of bond, representing 100% of the total expected guarantee required to cover the entire future costs of rehabilitating the Canadian Malartic mine site, as per the current approved closure plan;
Sample 1
Reclamation Bond means a type of surety bond that ensures the company responsible for mining will also be responsible for the cleanup;
Sample 1

Related to Reclamation Bond

  • Reclamation means the United States Bureau of Reclamation.

  • Reclamation plan means a plan submitted by an applicant for a permit which sets forth a plan for reclamation of the proposed surface coal mining operations pursuant to subsection 2 of section 38-14.1-14.

  • Pollution control facilities means water and air pollution control equipment and solid waste disposal facilities or any of them.

  • Liquid waste means any waste material that is determined to contain "free liquids" as defined by Method 9095 (Paint Filter Liquids Test), as described in "Test Methods for Evaluating Solid Wastes, Physical/Chemical Methods" (EPA Pub. No. SW-846).

  • Stormwater means water resulting from precipitation (including rain and snow) that runs off the land’s surface, is transmitted to the subsurface, or is captured by separate storm sewers or other sewage or drainage facilities, or conveyed by snow removal equipment.

  • Water pollution means the unpermitted release of sediment from disturbed areas, solid waste or waste-derived constituents, or leachate to the waters of the state.

  • Stormwater Pollution Prevention Plan or "SWPPP" means a document that is prepared in accordance with good engineering practices and that identifies potential sources of pollutants that may reasonably be expected to affect the quality of stormwater discharges from the construction site, and otherwise meets the requirements of this Ordinance. In addition the document shall identify and require the implementation of control measures, and shall include, but not be limited to the inclusion of, or the incorporation by reference of, an approved erosion and sediment control plan, an approved stormwater management plan, and a pollution prevention plan.

  • Air pollution means the presence in the outdoor atmosphere of one or more air contaminants in sufficient quantities, and of such characteristics and duration as is, or is likely to be, injurious to human health, plant or animal life, or property, or which unreasonably interferes with enjoyment of life and property. For the purposes of this chapter, air pollution shall not include air contaminants emitted in compliance with chapter 17.21 RCW, the Washington Pesticide Application Act, which regulates the application and control of the use of various pesticides.

  • Pollution control project means any activity or project at an existing electric utility steam generating unit for purposes of reducing emissions from such unit. Such activities or projects are limited to:

  • Environmental pollution means the contaminating or rendering unclean or impure the air, land or waters of the state, or making the same injurious to public health, harmful for commer- cial or recreational use, or deleterious to fish, bird, animal or plant life.

  • Sanitary Waste means wastes comprising of used diapers, sanitary towels or napkins, tampons, condoms, incontinence sheets and any other similar waste ;

  • Solid waste facility means a site, location, tract of land, installation, or building used for incineration, composting, sanitary landfilling, or other methods of disposal of solid wastes or, if the solid wastes consist of scrap tires, for collection, storage, or processing of the solid wastes; or for the transfer of solid wastes.

  • Stormwater management basin means an excavation or embankment and related areas designed to retain stormwater runoff. A stormwater management basin may either be normally dry (that is, a detention basin or infiltration basin), retain water in a permanent pool (a retention basin), or be planted mainly with wetland vegetation (most constructed stormwater wetlands).

  • Stormwater management facility means a control measure that controls stormwater runoff and changes the characteristics of that runoff including, but not limited to, the quantity and quality, the period of release or the velocity of flow.

  • Emission control system means the electronic engine management controller and any emission related component in the exhaust or evaporative system which supplies an input to or receives an output from this controller.

  • Solid waste management facility means the same as that term is defined in Section 19-6-502.

  • Pollution prevention means any activity that through process changes, product reformulation or redesign, or substitution of less polluting raw materials, eliminates or reduces the release of air pollutants (including fugitive emissions) and other pollutants to the environment prior to recycling, treatment, or disposal; it does not mean recycling (other than certain “in-process recycling” practices), energy recovery, treatment, or disposal.

  • Stormwater runoff means water flow on the surface of the ground or in storm sewers, resulting from precipitation.

  • Yard waste means leaves, grass clippings, yard and garden debris and brush, including clean woody vegetative material no greater than 6 inches in diameter. This term does not include stumps, roots or shrubs with intact root balls.

  • Nuclear waste means a quantity of source, byproduct or special nuclear material (the definition of nuclear waste in this chapter is used in the same way as in 49 CFR 173.403) required to be in NRC-approved specification packaging while transported to, through or across a state boundary to a disposal site, or to a collection point for transport to a disposal site.

  • Sanitary landfill means an engineered land burial facility for the disposal of household waste that is so located, designed, constructed, and operated to contain and isolate the waste so that it does not pose a substantial present or potential hazard to human health or the environment. A sanitary landfill also may receive other types of solid wastes, such as commercial solid waste, nonhazardous sludge, hazardous waste from conditionally exempt small quantity generators, construction, demolition, or debris waste and nonhazardous industrial solid waste. See 9VAC20-81 (Solid Waste Management Regulations) for further definitions of these terms.

  • Solid Waste Disposal Facility means any facility involved in the disposal of solid waste, as defined in NCGS 130A-290(a)(35).

  • Stormwater management BMP means an excavation or embankment and related areas designed to retain stormwater runoff. A stormwater management BMP may either be normally dry (that is, a detention basin or infiltration system), retain water in a permanent pool (a retention basin), or be planted mainly with wetland vegetation (most constructed stormwater wetlands).

  • National Pollutant Discharge Elimination System (NPDES) means the national program for issuing, modifying, revoking and reissuing, terminating, monitoring, and enforcing permits and imposing and enforcing pretreatment requirements, under Sections 307, 318, 402, and 405 of CWA. The term includes an approved program.

  • National Pollutant Discharge Elimination System Permit or “NPDES” means a permit issued by the MPCA as required by federal law for the purpose of regulating the discharge of pollutants from point sources into waters of the United States from concentrated animal feeding operations (CAFOs) as defined by federal law

  • National Pollutant Discharge Elimination System means the national program for issuing, modifying, revoking and reissuing, terminating, monitoring and enforcing permits, and imposing and enforcing pretreatment requirements under Sections 307, 402, 318, and 405 of the Clean Water Act.