Reclamation Security definition

Reclamation Security means security for Reclamation Obligations granted or delivered to the MEP pursuant to the JMB Royalty Registrations in accordance with the EPEA;

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Reclamation Security means any security for Reclamation Obligations required under the Regulatory Legislation;

Reclamation Security means the security required under Section 88 of the Act to be provided for the reclamation of the area that may be disturbed by the activities of a licensee, lessee, registrant or holder of a letter of authorization or excavation registration, or their agent or assignee;

Examples of Reclamation Security in a sentence

• An estimate of the dollar amounts required for Construction Security, Operating Security, and Decommissioning and Reclamation Security under Article 8.

• Lessee posts the Decommissioning and Reclamation Security in a form acceptable to the Lessor.

• The Parties acknowledge that a Closure Plan dated July 22, 2013 has been previously filed by MineCo with the Government of Ghana as reflected in a Reclamation Security Agreement between MineCo and the Government of Ghana dated October 21, 2014, which Closure Plan will be reviewed and approved with necessary modifications by the Management Committee from time to time.

• Revegetation will not be considered complete until establishment of perennial vegetative cover; and Lessee posts the Decommissioning and Reclamation Security in a form acceptable to the Lessor.

More Definitions of Reclamation Security

Reclamation Security means the amount of $16,500,000 plus any interest earned thereon set aside by Gibraltar to secure its Reclamation Obligations which has been held and invested pursuant to the terms and conditions of a Safekeeping Agreement, as well as certain tangible security, to secure the Reclamation Obligations as detailed in the Reclamation Agreement and the Asset Security Agreement; and

Reclamation Security means the letters of credit issued by the Bank of Nova Scotia as security for the Reclamation obligations of the Vendor and Placer (CLA) pursuant to the Reclamation Permits; (am)