AC Products definition
Examples of AC Products in a sentence
Apart from AC Products, the OCWD is not releasing any other parties to the OCWD Action or any non-parties, and this Settlement Agreement does not release or apply to any Claim that the OCWD may have asserted or may in the future assert against any other person or entity, including any other defendants in the OCWD Action, including any Claim against such other person or entity respecting a release of a Covered Substance under or emanating from any property other than the AC Products Site.
The Parties recognize, and the terms of this Settlement Agreement reflect, that AC Products has conducted significant extraction and treatment of groundwater that was contaminated and that this effort has resulted in a significant expenditure of money by AC Products.
The Settlement Amount shall represent the total, full and final settlement of the OCWD Action against AC Products.
In any arbitration proceeding with respect to AC Products’ “Other Settlement Obligations” under paragraph III.A.2 of this Settlement Agreement, AC Products shall bear the burden of proving that its extraction ▇▇▇▇▇ have contained the PCE contamination constituting the AC Products’ Plume.
AC Products will pay to the OCWD two million dollars ($2,000,000) in two equal installments of one million dollars ($1,000,000) each, in accordance with such payment instructions as shall be provided at least five (5) business days in advance in writing to AC Products by the OCWD.
The Parties further recognize that AC Products is committing herein to conduct additional work which also may result in a significant expenditure of money by AC Products.
OCWD and AC Products are the “Parties” to this Settlement Agreement.
Within five (5) days after the Effective Date, OCWD shall dismiss with prejudice its complaint against AC Products in the OCWD Action, each Party to bear its own costs and attorneys’ fees.
The OCWD represents to AC Products that Judge ▇▇▇▇▇ and Judge Wiener have disclosed to the OCWD that neither of them has a conflict of interest affecting either of their impartiality at this time.
The RWQCB is overseeing investigation work and/or cleanup at six sites, namely AC Products (▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇▇▇▇); Aerojet (▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇., ▇▇▇▇▇▇▇▇▇); Alcoa Plant 1 (▇▇▇ ▇.