WWTP. The City’s wastewater treatment plant that operates either pursuant to TCEQ Permit No. WQ0014488001 or the Discharge Permit.
WWTP. (a) Seller agrees that in order for the real estate containing the existing WWTP to be marketable for use consistent with the zoning classification as of the Closing Date, but without diminution in value due to environmental contamination or remediation expense, removal of the WWTP and environmental investigation, and possible remediation and post-remediation monitoring, must be accomplished. The cost of removal of the existing WWTP, including any environmental investigation, remediation, and post-remediation monitoring required by any applicable Governmental Authority pursuant to Environmental Laws (the "WWTP Cost") shall be borne by Buyer up to and including Eight Hundred Thousand Euros ((euro)800,000); Buyer and Seller shall each assume fifty percent (50 %) each of the WWTP Cost between and including Eight Hundred Thousand and One Euros ((euro)800,001) and Two Million Two Hundred Thousand Euros ((euro)2,200,000) in the aggregate; and Seller shall solely assume one-hundred percent (100%) of the WWTP Cost above Two Million Two Hundred Thousand and One Euros ((euro)2,200,001). Any and all actions undertaken by any of the parties to this Agreement which could have a material effect on the WWTP Cost, shall be reasonably agreed jointly between the parties.
