Decommissioning Escrow definition
Examples of Decommissioning Escrow in a sentence
Escrow Agent has no liability under and no duty to inquire as to the provisions of the Order, the Decommissioning Escrow Account Plan and Agreement, and the Order Approving Escrow Plan and Agreement or any document other than this Agreement, including without limitation any other agreement between ▇▇▇▇▇ Harvest or any other persons even though reference thereto may be made herein and whether or not a copy of such document has been provided to Escrow Agent.
A Decommissioning Reserve Account is to be established and held in escrow in the name of TMPA pursuant to a Decommissioning Escrow Agreement substantially in the form attached hereto as Schedule F.
Any amounts remaining in the escrow account after these designated purposes are satisfied shall be disbursed to the Participating Public Entities according to the applicable formula in Section 2.4 of this Agreement upon the written notice of the Agency and the Participating Public Entities as provided in Sections 3.2.2 or 3.3.2 of the Decommissioning Escrow Agreement.
The Decommissioning Reserve Account is to be held until Decommissioning Completion pursuant to Section 3.2 of the Decommissioning Escrow Agreement, or a Disposition Event pursuant to Section 3.3 of the Decommissioning Escrow Agreement and thereafter disbursed in accordance with Section 5.5 above and the Decommissioning Escrow Agreement.
The affected Parties and the Escrow Agent shall execute and deliver the Decommissioning Adjustment Escrow Agreement at the Closing and such Decommissioning Adjustment Reserve shall be deposited into the Decommissioning Escrow.