Administrative Expenses of the Environmental Response Trust Sample Clauses

Administrative Expenses of the Environmental Response Trust. Within ninety (90) days after the Effective Date, and on or before January 1 of each year thereafter, the Environmental Response Trust Administrative Trustee shall provide the United States with a proposed annual budget for all expenditures from the Administrative Funding Account based on the most cost-effective use of the Funds. The Administrative Trustee shall provide a copy of the proposed annual budget for the Administrative Funding Account to the U.S.
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Administrative Expenses of the Environmental Response Trust. Within sixty (60) days following the Environmental Response Trust‌‌ Effective Date in the first year and thereafter by January 1 of each year, the Environmental Response Trustee shall provide the EPA and the DPNR with a work plan and budget for the following annual period for anticipated Administrative Costs of the Environmental Response Trust, which shall be approved upon the approval of [the EPA following consultation with the DPNR.] If disapproved, such work plan and/or budget shall be revised and resubmitted as expeditiously as possible. Such annual budget shall include a future year forecast of administrative expenditures, with annual details for at least the next three years (or such longer period as the [EPA, after consultation with DPNR,] shall reasonably request). The Environmental Response Trust shall regularly, but not less often than annually, and otherwise upon the reasonable request of any Beneficiary, provide documentation to the Beneficiary to substantiate compliance with the applicable approved work plan and budget and application of Environmental Response Trust Assets consistently with the terms of this Agreement and Article VIII of the Plan. The approved budget shall be funded by proceeds set aside and otherwise made available to the Environmental Response Trust as provided in the Plan.
Sample 1
Administrative Expenses of the Environmental Response Trust. Not less than 10 days prior to the Effective Date, unless a later date is approved by the Environmental Agencies, the Environmental Trustee shall submit to the Environmental Agencies for approval a budget for the first 120 days following the Effective Date (the “120-Day General Budget”) for the Environmental Trust General Administrative Cost Account. The 120-Day General Budget for the Environmental Trust General Administrative Cost Account shall be deemed approved upon written approval by the United States (which the United States may provide to the Environmental Trustee if the United States has not received from any Environmental Agency an objection to the proposed 120-Day General Budget by five (5) days before the Effective Date). If disapproved, such budget shall be revised and resubmitted as expeditiously as possible to the Environmental Agencies for approval by the United States (which the United States may provide if it has received no objection thereto from any Environmental Agency within five (5) days of delivery of such budget). No expenses may be incurred or paid from the Environmental Trust General Administrative Cost Account by the Environmental Trustee that are inconsistent with an approved 120-Day General Budget, and the Environmental Trustee shall have authority to deviate not more than ten (10) percent (%) from any line item unless the United States, in consultation with the Environmental Agencies, approves such expenses in writing or unless a revised 120-Day General Budget is approved consistent with this Section. Within 90 days following the Effective Date in the first year, and thereafter at least 60 days before January 1 of each year following the Effective Date, the Environmental Trustee shall provide to the Environmental Agencies a statement showing the balance of the accounts and a proposed Environmental Trust General Administrative Cost Account budget for the coming year. The United States shall have the authority to approve or disapprove the proposed budget after consultation with the State Environmental Agencies. If disapproved, such budget shall be revised and resubmitted as expeditiously as possible to the Environmental Agencies for approval by the United States after consultation with the State Environmental Agencies. No administrative expenses may be incurred or paid by the Environmental Trustee that are inconsistent with the approved budget except in the event of an Emergency Environmental Action, provided that the Environmen...
Sample 1

Related to Administrative Expenses of the Environmental Response Trust

  • Environmental, Health and Safety Matters (a) The Company has complied and is in compliance with all Environmental, Health, and Safety Requirements.

  • Environmental and Safety Matters Except as disclosed in Schedule 4.13:

  • Environmental Audits and Reports As soon as practicable following receipt thereof, copies of all final environmental audits, investigations, analyses and reports of any kind or character, whether prepared by personnel of Holdings or any of its Subsidiaries or by independent consultants, Government Authorities or any other Persons, with respect to significant environmental matters at any Facility that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect or with respect to any Environmental Claims that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.

  • Reimbursement of General Partner (a) Except as provided in this Section 6.5 and elsewhere in this Agreement (including the provisions of Articles 5 and 6 regarding distributions, payments, and allocations to which it may be entitled), the General Partner shall not be compensated for its services as general partner of the Partnership.

  • Environmental Matters; Environmental Reviews (a) Each Restricted Person will comply in all material respects with all Environmental Laws now or hereafter applicable to such Restricted Person as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters and shall obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect.

  • Environmental, Health and Safety Laws There does not exist any violation by the Borrower or any Subsidiary of any applicable federal, state or local law, rule or regulation or order of any government, governmental department, board, agency or other instrumentality relating to environmental, pollution, health or safety matters which will or threatens to impose a material liability on the Borrower or a Subsidiary or which would require a material expenditure by the Borrower or such Subsidiary to cure. Neither the Borrower nor any Subsidiary has received any notice to the effect that any part of its operations or properties is not in material compliance with any such law, rule, regulation or order or notice that it or its property is the subject of any governmental investigation evaluating whether any remedial action is needed to respond to any release of any toxic or hazardous waste or substance into the environment, the consequences of which non-compliance or remedial action could constitute an Adverse Event.

  • Environmental, Health and Safety i. Environment, Health and Safety Performance. Seller acknowledges and accepts full and sole responsibility to maintain an environment, health and safety management system ("EMS") appropriate for its business throughout the performance of this Contract. Buyer expects that Seller’s EMS shall promote health and safety, environmental stewardship, and pollution prevention by appropriate source reduction strategies. Seller shall convey the requirement of this clause to its suppliers. Seller shall not deliver goods that contain asbestos mineral fibers.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • Environmental Compliance and Reports Borrower shall comply in all respects with any and all Environmental Laws; not cause or permit to exist, as a result of an intentional or unintentional action or omission on Borrower's part or on the part of any third party, on property owned and/or occupied by Borrower, any environmental activity where damage may result to the environment, unless such environmental activity is pursuant to and in compliance with the conditions of a permit issued by the appropriate federal, state or local governmental authorities; shall furnish to Lender promptly and in any event within thirty (30) days after receipt thereof a copy of any notice, summons, lien, citation, directive, letter or other communication from any governmental agency or instrumentality concerning any intentional or unintentional action or omission on Borrower's part in connection with any environmental activity whether or not there is damage to the environment and/or other natural resources. Additional Assurances. Make, execute and deliver to Lender such promissory notes, mortgages, deeds of trust, security agreements, assignments, financing statements, instruments, documents and other agreements as Lender or its attorneys may reasonably request to evidence and secure the Loans and to perfect all Security Interests.

  • Waste Disposal Tenant shall store its waste either inside the Premises or within outside trash enclosures that are fully fenced and screened in compliance with all Private Restrictions, and designed for such purpose. All entrances to such outside trash enclosures shall be kept closed, and waste shall be stored in such manner as not to be visible from the exterior of such outside enclosures. Tenant shall cause all of its waste to be regularly removed from the Premises at Tenant’s sole cost. Tenant shall keep all fire corridors and mechanical equipment rooms in the Premises free and clear of all obstructions at all times.

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