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Case 16-42529 Doc 23 Filed 04/13/16 Entered 04/13/16 11:20:44 Main Document <br />Pg 6 of 32 <br />not the obligation, to perform all actions necessary or appropriate to honor the Indemnity <br />Agreements. <br />13. As of March 31, 2016, in connection with the Third -Party Surety Bonds <br />and the Indemnity Agreements, the Debtors have posted collateral with the applicable Issuers, <br />typically ranging in value from around 30% to 50% of the face amounts of the bonds (although <br />certain issuers have required that the Debtors post no collateral at all or as much as 100% of the <br />face amount of the bonds). In the aggregate, the Debtors have provided collateral in an amount <br />of approximately $190.1 million in support of their Surety Bonds, or approximately 35.3% on <br />average. This collateral is posted, for certain Surety Bonds, in the form of cash, and for others in <br />the form of letters of credit, issued under the Debtors' prepetition secured credit agreement or the <br />Debtors' prepetition accounts receivable securitization facility and cash.4 <br />14. Further, to assist the Debtors in procuring the Third -Party Surety Bonds <br />and managing the Surety Bond Program, the Debtors employ Aon Risk Services Central, Inc. <br />("Aon"). To compensate Aon for its services related to the Surety Bond Program, the Debtors <br />pay Aon approximately $200,000 in yearly fees (the "Aon Fees"). The Debtors believe that no <br />amounts are owing on the Aon Fees as of the Petition Date. <br />The Debtors' Self-BondingPges <br />15. In addition to the Third -Party Surety Bonds, the Debtors also secure their <br />Reclamation Obligations through their Self -Bonding Privileges, which are established by self - <br />A detailed description of the Debtors' accounts receivable securitization program and facility is set forth in <br />the Motion of the Debtors and Debtors in Possession, Pursuant to Sections 105, 362(d), 363(b)(1), 363(0, <br />363(m), 364(c)(1), 364(c)(2), 364(d), 364(e) and 365 of the Bankruptcy Code for Entry of Interim and <br />Final Orders: (I) Authorizing Certain Debtors to Continue Selling and Contributing Receivables and <br />Related Rights Pursuant to a Securitization Facility; (11) Modifying the Automatic Stay; and (I11) Granting <br />Related Relief (the "ARS Motion"), fled contemporaneously herewith. <br />I on <br />