Common use of AMOUNT OF TRUST FUND Clause in Contracts

AMOUNT OF TRUST FUND. The Grantor shall provide financial assurance in the form of a Trust Fund as required by the Corrective Action Plan. The Trust shall be secured in the amount of [amount in written text] ($[number]) and be maintained consistent with the provisions of the Corrective Action Plan. The Fund shall remain in an amount sufficient to cover long-term corrective action costs at the Site for a thirty (30) year period. Sixty (60) days prior to the five (5) year anniversary of the Effective Date of this Agreement and each subsequent five (5) year anniversary, the Grantor shall provide to EGLE a report containing the actual long-term corrective action costs for the previous five (5) year period and an estimate of the amount of funds necessary to assure long-term corrective action costs for the following thirty (30) year period. If this cost estimate differs from the amount of the Trust Fund EGLE may determine that an amendment of the Trust Agreement pursuant to Section XVI (AMENDMENT OF THE TRUST AGREEMENT) is warranted.

AMOUNT OF TRUST FUND. The Grantor shall provide financial assurance in the form of a Trust Fund as required by the Corrective Action Plan. The Trust shall be secured in the amount of [amount in written text] ($[number]) and be maintained consistent with the provisions of the Corrective Action Plan. The Fund shall remain in an amount sufficient to cover long-term corrective action costs at the Site for a thirty (30) year period. Sixty (60) days prior to the five (5) year anniversary of the Effective Date of this Agreement and each subsequent five (5) year anniversary, the Grantor shall provide to EGLE the MDEQ a report containing the actual long-term corrective action costs for the previous five (5) year period and an estimate of the amount of funds necessary to assure long-term corrective action costs for the following thirty (30) year period. If this cost estimate differs from the amount of the Trust Fund EGLE the MDEQ may determine that an amendment of the Trust Agreement pursuant to Section XVI (AMENDMENT OF THE TRUST AGREEMENT) is warranted.

AMOUNT OF TRUST FUND. The Grantor shall provide financial assurance in the form of a Trust Fund as required by the Corrective Action Plan. The Trust shall be secured in the amount of [amount in written text] ($[number]) and be maintained consistent with the provisions of the Corrective Action Plan. The Fund shall remain in an amount sufficient to cover long-term corrective action costs at the Site for a thirty (30) year period. Sixty (60) days prior to the five (5) year anniversary of the Effective Date of this Agreement and each subsequent five (5) year anniversary, the Grantor shall provide to EGLE a report containing the actual long-term corrective action costs for the previous five (5) year period and an estimate of the amount of funds necessary to assure long-long- term corrective action costs for the following thirty (30) year period. If this cost estimate differs from the amount of the Trust Fund EGLE may determine that an amendment of the Trust Agreement pursuant to Section XVI (AMENDMENT OF THE TRUST AGREEMENT) is warranted.