Common use of SECURE PERFORMANCE Clause in Contracts

SECURE PERFORMANCE. The Fund so established shall be used solely to pay EGLE for monitoring, operation, and maintenance necessary to assure the effectiveness and integrity of the corrective action documented in the Corrective Action Plan and to meet [SUBMITTER’S] financial assurance obligations as set forth in the Corrective Action Plan. Upon receipt of a notice of request for reimbursement from the Beneficiary, the Trustee shall reimburse EGLE. All notices of request for disbursement, except for the Trustee’s fee which is to be paid to the Trustee directly by the Grantor, are to be made by the Beneficiary to the Trustee with a copy sent to the Grantor. The Trustee shall remit payment to EGLE within thirty (30) days of receipt of the notice. Funds disbursed to EGLE under this Paragraph shall be delivered to the address indicated in Subsection (B) (2) of Section III (Notices).

Appears in 3 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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SECURE PERFORMANCE. The Fund so established shall be used solely to pay EGLE for monitoring, operationoperation and maintenance, oversight, and maintenance other costs determined by EGLE to be necessary to assure the effectiveness and integrity of the corrective remedial action documented in the Corrective Action Plan NFA Report and to meet [SUBMITTER’S] financial assurance obligations as set forth in the Corrective Action PlanPostclosure Agreement. Upon receipt of a notice of request for reimbursement from the Beneficiary, the Trustee shall reimburse EGLE. All notices of request for disbursement, except for the Trustee’s fee which is to be paid to the Trustee directly by the Grantor, are to be made by the Beneficiary to the Trustee with a copy sent to the Grantor. The Trustee shall remit payment to EGLE within thirty (30) days of receipt of the notice. Funds disbursed to EGLE under this Paragraph shall be delivered to the address indicated in Subsection (B) (2) of Section III (Notices).

Appears in 1 contract

Samples: Trust Agreement

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