Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 16, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the FDEP Secretary, or by the Trustee and the FDEP Secretary, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered to the Grantor.
Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 17, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the Agency, or by the Trustee and the Agency, if the Grantor dies, is legally incapacitated, is administratively or judicially dissolved or otherwise ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered pursuant to the written agreement terminating the trust or, where Grantor has ceased to exist, then to the Agency.
Irrevocability and Termination. Subject to the right of the parties to amend this agreement as provided in section 16, this trust will be irrevocable and will continue until termination at the written agreement of the grantor, the trustee, and the licensing authority, or by the trustee and the licensing authority if the grantor ceases to exist. Upon termination of the trust, all remaining trust property, less final trust administration expenses, will be delivered to the grantor, unless the trust is a "standby trust" fund created in accordance with paragraph (C), (D), or (E) of rule 0000-000-00 of the Administrative Code or paragraph (C), (D), or (E) of rule 0000-000-00 of the Administrative Code, in which case all remaining trust property, less final trust administration expenses, will be delivered to the provider of the financial assurance.
Irrevocability and Termination. Subject to the right of the parties to amend this AGREEMENT as provided in Section 16, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the GRANTOR, the TRUSTEE, and the DIRECTOR or by the TRUSTEE and the DIRECTOR if the GRANTOR ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered to the GRANTOR.
Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 14, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the Commissioner of the NJDEP, or by the Trustee and the Commissioner of the NJDEP, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be paid to the Grantor. The Commissioner of the NJDEP will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.
Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 16, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the District, or by the Trustee and the District, if the Grantor dies, is legally incapacitated, is administratively or judicially dissolved, or othrwise ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered pursuant to the written agreement terminating the trust, or where the Grantor has ceased to exist, then to the District.
Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 14 of this Appendix above, this Trust shall be irrevocable and shall continue until terminated at the written direction of the Grantor and the Trustee, or by the Trustee and the Department, if the Grantor ceases to exist. Upon Termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered to the Grantor.
Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in section 15, this Trust Fund shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the Director, or by the Trustee and the Director, if the Grantor ceases to exist. Upon termination of the Trust Fund, all remaining trust property, less final trust administration expenses, shall be paid to the Grantor, or if the Grantor ceases to exist, to the Director.
Irrevocability and Termination. Subject to the right of the parties to amend this Escrow Agreement as provided in Sections XIV (Successor Escrow Agent) and XVI (Amendment of the Escrow Agreement), this Fund will be irrevocable and continue until terminated by the written notification of the Beneficiary. If the Escrow Agreement is terminated for any reason, the Escrow Amount shall be transferred to the Beneficiary for deposit in the Environmental Response Fund. The Escrow Agreement shall be terminated when the Escrow Agent receives written notice from the Beneficiary that the Fund is no longer necessary.
Irrevocability and Termination. Subject to the right of the parties to amend this Trust Agreement as provided in Sections XIV (Successor Trustee) and XVI (Amendment of the Trust Agreement), this Fund will be irrevocable and continue until terminated by the written notification of the Beneficiary. If the Trust Agreement is terminated for any reason, the Trust Amount shall be transferred to the Beneficiary for deposit in the Environmental Response Fund. The Trust Agreement shall be terminated when the Trustee receives written notice from the Beneficiary that the Fund is no longer necessary.
