Reclamation Obligations definition

Reclamation Obligations means statutory, contractual, constructive or legal obligations associated with decommissioning of mining operations and/or mineral processing facilities and reclamation and rehabilitation costs arising when environmental disturbance is caused by the exploration or development of mineral properties, plant and equipment.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Reclamation Obligations means statutory, contractual, constructive or legal obligations, including the principal component of any obligations in respect of letters of credit, bank guarantees, performance or surety bonds or other similar instruments, associated with decommissioning of mining operations and reclamation and rehabilitation costs, including the cost of complying with applicable environmental regulation.

Reclamation Obligations means statutory, contractual, constructive or legal obligations, including the principal component of any obligations in respect of letters of credit, bank guarantees, performance or surety bonds or other similar instruments, associated with decommissioning of mining operations, oil and gas operations and power operations and reclamation and rehabilitation costs, including the cost of complying with applicable environmental regulation.

Examples of Reclamation Obligations in a sentence

The Trustee may distribute Trust property directly to any third party for the purposes of satisfying the Reclamation Obligations of a Beneficiary on presentation of a written direction or an order from the Tribunal issued in the name of the third party, with such direction or order confirming the amount to be distributed, and the timing of the distribution.
The Trustee, and every delegate and sub-delegate of the Trustee, including any investment manager, is to ensure that every expense item about to be incurred in the discharge of a Trustee duty or the exercise of a Trustee power is necessarily incurred and is demonstratively reasonable in cost, the intent of such prudence being to maximize the Trust Fund resources that are available for Reclamation Obligations.
Such distributions may be made by the Trustee to or for the benefit of such Beneficiaries directly or indirectly to a person or persons named by the Tribunal to permit such persons to satisfy the Reclamation Obligations.

More Definitions of Reclamation Obligations

Reclamation Obligations means: (i) the duty to carry out the physical Abandonment, Decommissioning or Deactivation of the Pipeline, including costs incurred to satisfy any conditions imposed by the Tribunal in any order or direction approving the Decommissioning or Deactivation of the Pipeline or granting leave to Abandon the Pipeline; (ii) the duty to develop an Abandonment plan, and to prepare an application for leave to Abandon or for approval of the Deactivation or Decommissioning of the Pipeline; and (iii) the duty to carry out post-abandonment monitoring and remediation of the Site, where post-abandonment refers to the period of time after the Company has satisfied the conditions of an order or direction issued by the Tribunal granting leave to Abandon; and all costs incurred and consequent thereon.

Reclamation Obligations means all reclamation and similar obligations arising from Sellers’ and their Affiliates’ ownership and operation of the Business, including, without limitation, all obligations under SMCRA.

Reclamation Obligations means the reclamation, rehabilitation, revegetation and other mine closure obligations (including reclamation mine closure guarantees) of the Parent Guarantor or any Restricted Subsidiary with respect to mines or other assets of the Parent Guarantor or any Restricted Subsidiary used or useful in a Related Business.

Reclamation Obligations has the meaning set forth in the definition of “Original Collateral Bond.”

Reclamation Obligations has the meaning set forth in the recitals.

Reclamation Obligations means the current and future obligations of the Beneficiaries to carry out Reclamation of the Site;

Reclamation Obligations means, with respect to any Person, all mine closure, asset retirement and environmental reclamation obligations of such Person, whether matured, real or contingent, on a consolidated basis at such time (except to the extent fully defeased by cash collateral).