Reserve Charges definition

Reserve Charges means an amount to be established by estimating the cost of rehabilitation, restoration, reclamation and remediation which will have to be spent after Commercial Production has terminated and charging a portion of that cost monthly to the Royalty Account over a reasonable period of time from commencement of Commercial Production;
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Reserve Charges means an amount to be established by estimating the cost of rehabilitation which will have to be spent after Commercial Production has terminated and a portion of that cost will be charged monthly to the Royalty Account over a reasonable period of time commencing no sooner than five years prior to the termination of Commercial Production.
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Reserve Charges means, in respect of any Eligible Property, an amount to be established by estimating the cost of mine closure that will have to be incurred after Commercial Operations in respect of such Eligible Property have terminated and charging a portion of that cost on a monthly basis to the Royalty Account in a reasonable manner, provided however, that any monies which have been set aside for the satisfaction of mine closure costs prior to the establishment of the Royalty Account shall be deducted;
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Examples of Reserve Charges in a sentence

  • Developer agrees to pay City’s Facility Reserve Charges (“FRC”) as set or modified by the City Council from time to time.

  • Reserve Charges are in addition to, and not in lieu of, Upcharges and other fees and charges described in Section 3.

  • Customer shall pay rental fees in accordance with the Maintenance Reserve Charges Rate in effect from time-to-time in the Aircraft Lease Agreement entered into by Customer and Mesa.

  • All Reserve Charges will be calculated each * after the last morning billing has been run and before the first afternoon billing has been run, and shall be billed to and paid by A&P in accordance with Section 3.

  • Reserve Charges shall be paid on each interest payment date in accordance with a bank certificate submitted to the Company, as provided in 1.6.4 hereof.

  • Eurocurrency Reserve Charges for each Interest Period shall be paid on the applicable Interest Payment Date to the Agent for the account of each Lender, in accordance with certificates delivered by the Agent to the applicable Borrower pursuant to Section 7.9 hereof, which certificates shall, absent manifest error, be conclusive.

  • Reserve Charges for each Interest Period shall be paid on the applicable Interest Payment Date to the Agent for the Account of each Bank entitled to receive such Reserve Charge.

  • The definitions of "Shreveport Facility Reserve Charges" and "Third Quarter Special Charges" are deleted in their entirety.

  • The designation of Reliability Must Run Resources and the calculation and recovery of RMR Operating Reserve Charges shall be determined in accordance with Market Rule 1.


More Definitions of Reserve Charges

Reserve Charges. Reserve Charges means an amount to be established by estimating the cost of
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