Irrevocability and Termination. This Trust shall be irrevocable and shall continue until terminated upon the earlier to occur of (a) the written direction of EPA, after consultation with the State, to terminate, consistent with the terms of the Consent Decree and (b) the complete exhaustion of the Fund comprising the Trust as certified in writing by the Trustee to EPA, the State and the Grantor. Upon termination of the Trust pursuant to Section 15(a), all remaining trust property (if any), less final trust administration expenses, shall be delivered to the Grantor.
Appears in 2 contracts
Samples: Trust Agreement, Appendix F Trust Agreement
Irrevocability and Termination. This Trust shall be irrevocable and shall continue until terminated upon the earlier to occur of (a) the written direction receipt of EPA, after consultation with 's notice of completion of work pursuant to the State, to terminate, consistent with the terms of the Consent Decree Settlement Agreement and (b) the complete exhaustion of the Fund comprising the Trust as certified in writing by the Trustee to EPA, the State EPA and the GrantorGrantors. Upon termination of the Trust pursuant to Section 15(a), all remaining trust property (if any), less final trust administration expenses, shall be delivered to the GrantorGrantors.
Appears in 1 contract
Samples: Trust Agreement
Irrevocability and Termination. This Trust shall be irrevocable and shall continue until terminated upon the earlier to occur of (a) the written direction of EPA, after consultation with the State, EPA to terminate, consistent with the terms of the Consent Decree and (b) the complete exhaustion of the Fund comprising the Trust as certified in writing by the Trustee to EPA, the State EPA and the Grantor. Upon termination of the Trust pursuant to Section 15(a), all remaining trust property (if any), less final trust administration expenses, shall be delivered to the Grantor.
Appears in 1 contract
Samples: Trust Agreement
Irrevocability and Termination. This Trust shall be irrevocable and shall continue until terminated upon the earlier to occur of (a) the written direction of EPA, after consultation with the State, EPA to terminate, consistent with the terms of the Consent Decree Settlement Agreement and (b) the complete exhaustion of the Fund comprising the Trust as certified in writing by the Trustee to EPA, the State EPA and the Grantor. Upon termination of the Trust pursuant to Section 15(a), all remaining trust Trust property (if any), less final trust Trust administration expenses, shall be delivered to the Grantor.
Appears in 1 contract
Samples: Trust Agreement
Irrevocability and Termination. This Trust shall be irrevocable and shall continue until terminated upon the earlier to occur of (a) the written direction of EPA, after consultation with the State, EPA to terminate, consistent with the terms of the Consent Decree and (b) the complete exhaustion of the Fund comprising the Trust as certified in writing by the Trustee to EPA, the State EPA and the Grantor. Upon termination of the Trust pursuant to Section 15(a), all remaining trust Trust property (if any), less final trust Trust administration expenses, shall be delivered to the Grantor.
Appears in 1 contract
Samples: Financial Assurance Trust Agreement