Decommissioning Work definition
Examples of Decommissioning Work in a sentence
If a project for Decommissioning Work is proposed for the purposes of Prudent Cost Avoidance, the Retirement Order will also include a cost- benefit analysis which explains why the Decommissioning Agent recommends performance of the project.
The Parties having an ownership interest in the Project at the time such Decommissioning Work below the Threshold Amount is performed will be responsible for the costs of such projects in accordance with the SJPPA.
Notwithstanding the foregoing, with respect to any Platform Decommissioning Work, the Parties shall mutually agree upon specific milestone objectives with respect to such Work, and Owner shall advance portions of the Agreed Charges to Contractor upon successful completion of such milestones.
Notice of termination of the Decommissioning Trust and of this Agreement must be provided to the Trustee in the following manner: the Decommissioning Agent, at the direction of the Decommissioning Committee, must give written notice to Party A and to each of the other Parties that the Decommissioning Work was completed , and Party A must, in turn, give written notice to the Trustee of the satisfaction of Party A’s obligations under the Decommissioning Agreement.
The Trustee will have no duty to perform, cause the performance of, manage, monitor, evaluate or approve the Decommissioning Work.