Examples of Work Takeover in a sentence
If EPA issues a notice of a Work Takeover under ¶ 11.b, then, in accordance with any applicable financial assurance mechanism including the related standby funding commitment, EPA may require the performance of the Work and/or require that any funds guaranteed be paid in accordance with ¶ 22.d.
EPA may conduct the Work Takeover during the pendency of any dispute under Section XI but shall terminate, after a reasonable opportunity for review and comment by MassDEP, the Work Takeover if and when: (i) Settling Defendants remedy, to EPA’s satisfaction, the circumstances giving rise to the notice of Work Takeover; or (ii) upon the issuance of a final determination under Section XI (Dispute Resolution) that EPA is required to terminate the Work Takeover.
If EPA commences a Work Takeover, Settling Defendants are liable for a stipulated penalty in the amount of $5,000,000.
If, by the end of the Remedy Period, Settling Defendants do not remedy to EPA’s satisfaction the circumstances giving rise to the notice of Work Takeover, EPA may notify, after a reasonable opportunity for review and comment by MassDEP, Settling Defendants and, as it deems necessary, commence a Work Takeover.