Common use of Environmental Trust Accounts Clause in Contracts

Environmental Trust Accounts. The Environmental Trustee shall establish, maintain and hold Environmental Trust Accounts consistent with the Stipulation and Settlement Agreement and Section 2.3 of this Agreement, to administer the Environmental Trust Assets and distributions therefrom. The Environmental Trustee shall also maintain a dedicated Environmental Trust Administrative Account for administrative funds, which shall be used solely to pay the costs of administering the Environmental Response Trust as set forth herein.

Appears in 3 contracts

Samples: Environmental Response Trust Agreement, Environmental Response Trust Agreement, Environmental Response Trust Agreement

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Environmental Trust Accounts. The Environmental Trustee shall establish, maintain and hold Environmental Trust Accounts consistent with the Stipulation Consent Decree and Settlement Agreement and Section 2.3 2.2 of this Agreement, to administer the Environmental Trust Assets and distributions therefrom. The Among these Environmental Trust Accounts, the Environmental Trustee shall also maintain a dedicated Environmental Trust General Administrative Cost Account for administrative funds, which shall be used solely to pay the costs General Administrative Trust Costs of administering the Environmental Response Trust as set forth hereinin the Consent Decree and Settlement Agreement and this Agreement.

Appears in 1 contract

Samples: Response Trust Agreement

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