Examples of West Chicago Trust in a sentence
The Lead Agency shall have the authority to approve or disapprove the proposed budget for the relevant West Chicago Trust Environmental Cost or West Chicago Trust Work Account after consultation with the Non-Lead Agency, if such consultation is requested.
The West Chicago Trust shall not be required to pay any cure costs, to the extent required.
The West Chicago Trustee/Licensee shall provide the United States, the State of Illinois, and their representatives and contractors access to all portions of the West Chicago Trust Sites at all reasonable times for the purposes of conducting Environmental Actions at or near the West Chicago Trust Sites.
Only the Lead Agency shall have a first-priority lien on and security interest in the West Chicago Trust Environmental Cost Account for the Owned RAS, the West Chicago Trust Work Account for the Non-Owned RAS, and the West Chicago Trust Work Account for Xxxxx Creek.
Further, by January 1 of each year during the term of the West Chicago Trust and within nine (9) months after termination of the West Chicago Trust, the West Chicago Trustee/Licensee shall prepare and submit to the Beneficiaries an annual report with respect to each of the West Chicago Trust Environmental Cost Accounts and West Chicago Trust Work Accounts.
Without limiting the foregoing, any such judgment against a West Chicago Trust Party and any such costs of defense relating to any West Chicago Trust Party shall be paid by the West Chicago Trust consistent with the terms and conditions of this Section.
Any and all distributions of West Chicago Trust Assets shall be in compliance with applicable laws, including, but not limited to, applicable federal and state securities laws.
None of the West Chicago Trust Parties shall be personally liable unless the Court, by a final order that is not reversed on appeal, finds that it committed acts that were grossly negligent, and/or committed fraud or willful misconduct after the Effective Date in relation to the West Chicago Trustee/Licensee’s duties.
The West Chicago Trustee/Licensee shall establish, maintain and hold trust accounts consistent with the Settlement Agreement and Section 2.1 of this Agreement, to administer the West Chicago Trust Assets and distributions therefrom.
The West Chicago Trustee/Licensee is authorized to execute and deliver all documents on behalf of the West Chicago Trust to accomplish the purposes of this Agreement and the Settlement Agreement.