Common use of Lessor Determined Security Clause in Contracts

Lessor Determined Security. The amount of bond or Letters of Credit to be obtained by Lessee, or cash from Lessee, for each phase of ▇▇▇▇▇▇’s operations described in this Lease, including Sections 8.2 and 8.3 and any adjustment under Section 8.1.4, will be determined in writing by ▇▇▇▇▇▇ and will be based on the then-current cost as determined by ▇▇▇▇▇▇ and reviewed by Lessor, plus fifteen percent (15%), of a third-party contractor’s completion of the Decommissioning and Reclamation Plan as may be required for each phase and as provided by Lessee. In the alternative, and at ▇▇▇▇▇▇’s sole cost, the Parties may hire a mutually agreeable third party to estimate and recommend appropriate amount of security for each phase under this Lease.

Lessor Determined Security. The amount of bond or Letters of Credit to be obtained by Lessee, or cash from Lessee, for each phase of ▇▇▇▇▇▇’s operations described in this Lease, including Sections 8.2 8.2, 8.3, and 8.3 8.4 and any adjustment under Section 8.1.4, will be determined in writing by ▇▇▇▇▇▇ and will be based on the then-current cost as determined by ▇▇▇▇▇▇ and reviewed by Lessor, plus fifteen percent (15%), of a third-party contractor’s completion of the Decommissioning and Reclamation Plan as may be required for each phase and as provided by Lessee. In the alternative, and at ▇▇▇▇▇▇’s sole cost, the Parties may hire a mutually mutually-agreeable third party to estimate and recommend appropriate amount of security for each phase under this Lease.

Lessor Determined Security. The amount of bond or Letters of Credit to be obtained by Lessee, or cash from Lessee, for each phase of ▇▇▇▇▇▇’s operations described in this Lease, including Sections 8.2 8.2, 8.3, and 8.3 8.4 and any adjustment under Section 8.1.4, will be determined in writing by ▇▇▇▇▇▇ Lessor and will be based on the then-current cost as determined by ▇▇▇▇▇▇ Lessee and reviewed by Lessor, plus fifteen percent (15%), of a third-party contractor’s completion of the Decommissioning and Reclamation Plan as may be required for each phase and as provided by Lessee▇▇▇▇▇▇. In the alternative, and at ▇▇▇▇▇▇’s sole cost, the Parties may hire a mutually mutually-agreeable third party to estimate and recommend appropriate amount of security for each phase under this Lease.