Payment to Respondents. As soon as reasonably practicable after the Effective Date, the United States, on behalf of the SFAs, shall deposit $1,512,175 (“Initial Payment”), which represents 25% of 75% of the current estimated cost of the Work into an escrow account established by Respondents, in partial payment of Respondents’ Future Response Costs, by Automated Clearing House (ACH) Electronic Funds Transfer in accordance with instructions provided by Respondents.
Appears in 2 contracts
Sources: Administrative Settlement Agreement, Administrative Settlement Agreement