Common use of Closure and Post Closure Liabilities Clause in Contracts

Closure and Post Closure Liabilities. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, become or remain liable with respect to any closure and/or post-closure liabilities, as reflected on the most recent balance sheet of Holdings and its Subsidiaries delivered in accordance Section 5.1(a), in excess of $8,500,000. It is understood and agreed that the Credit Parties shall be required to deliver bonds or other financial assurance instruments to the Missouri and Virginia Departments of Natural Resources with respect to such closure and post-closure liabilities.

Closure and Post Closure Liabilities. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, become or remain liable with respect to any closure and/or post-closure liabilities, as reflected on the most recent balance sheet of Holdings and its Subsidiaries delivered in accordance Section 5.1(a), in excess of $8,500,0002,500,000. It is understood and agreed that the Credit Parties shall be required to deliver bonds or other financial assurance instruments to the Missouri and Virginia Departments Department of Natural Resources with respect to such closure and post-closure liabilities.