Common use of Irrevocability and Termination Clause in Contracts

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 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. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1416, 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 director, if the Grantor ceases to exist. Upon termination of the Trust, Trust all remaining trust property, less final trust administration expenses, expenses shall be delivered to the Grantor. The director will agree to termination of the Trust when the owner or operator substitutes alternative alternate financial assurance as specified in this section.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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 directorCommissioner of the NJDEP, or by the Trustee and the director 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 delivered paid to the Grantor. The director 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.

Appears in 2 contracts

Samples: Standby Trust Agreement, www.state.nj.us

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1416, 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 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. The director will agree to termination of the Trust when the owner or operator substitutes alternative alternate financial assurance as specified in this section.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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 director, or by the Trustee and the director director, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered paid to the Grantor. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1416, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the directorCommissioner of the NJDEP, or by the Trustee and the director 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 delivered to the Grantor. The director Commissioner of the NJDEP will agree to termination of the Trust when the owner or operator substitutes alternative alternate financial assurance as specified in this section.

Appears in 2 contracts

Samples: Trust Agreement, www.nj.gov

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 14, this Trust trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, Trustee and the directorNRC, or by the Trustee and the director NRC if the Grantor ceases to exist. Upon termination of the Trusttrust, all remaining trust property, less final trust administration expenses, to the extent not paid directly to the Trustee, shall be delivered to the Grantor. The director will agree to termination of the Trust when the owner Grantor or operator substitutes alternative financial assurance as specified in this sectionits successor.

Appears in 2 contracts

Samples: Trust Agreement, the Agreement, Trust Agreement, the Agreement

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 executive director, or by the Trustee and the director executive director, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered paid to the Grantor. The executive director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1416, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the directorDEQ, or by the Trustee and the director DEQ, 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. The director DEQ will agree to termination of the Trust when the owner permit holder or operator applicant substitutes alternative alternate financial assurance as specified in this section.

Appears in 2 contracts

Samples: Trust Agreement, www.deq.virginia.gov

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 directorDEQ Director, or by the Trustee and the director DEQ Director, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered paid to the Grantor. The director DEQ Director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Agreement

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 direction of the Grantor, Grantor and the Trustee, and the director, or by the Trustee and the director GAEPD Director or designee, 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. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Fund Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1413, this Trust shall be irrevocable and shall continue until terminated at the written agreement direction of the Grantor, Grantor and the Trustee, and the director, or by the Trustee and the director State Water Control Board, 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. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: www.deq.virginia.gov

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 147, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the directorIDNR, or by the Trustee and the director IDNR, 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. The director will agree Pursuant to termination of IAC 567 Chapter 113.14(6)β€œa”, said Agreement may be terminated by the Trust when Grantor only if the owner or operator Grantor substitutes alternative financial assurance as specified in this sectionor if the Grantor is no longer required to demonstrate financial responsibility.

Appears in 1 contract

Samples: Trust Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1416, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the directorCOMMISSIONER, or by the Trustee and the director COMMISSIONER, 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. The director COMMISSIONER will agree to termination of the Trust when the owner or operator substitutes alternative alternate financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1413, this Trust shall be irrevocable and shall continue until terminated at the written agreement direction of the Grantor, Grantor and the Trustee, and the director, or by the Trustee and the director GAEPD Director or designee, 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. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Fund Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1414 of this Appendix above, this Trust shall be irrevocable and shall continue until terminated at the written agreement direction of the Grantor, Grantor and the Trustee, and the director, or by the Trustee and the director Department, if the Grantor ceases to exist. Upon termination Termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered to the Grantor. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Appendix H Standby Trust Agreement

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, Trustee and the directorFDEP Secretary, or by the Trustee and the director 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 paid to the Grantor. The director FDEP Secretary will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Agreement

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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 direction of the Grantor, Grantor and the Trustee, and the director, or by the Trustee and the director DEP Secretary or designee, 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. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Agreement

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 directorAgency Commissioner, or by the Trustee and the director Agency Commissioner, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered paid to the Grantor. The director Agency Commissioner will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1416, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the directorBeneficiary, or by the Trustee and the director Beneficiary, 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. The director Beneficiary will agree to termination of the Trust when the owner or operator substitutes alternative alternate financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1415, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the directorDivision, or by the Trustee and the director Division, 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 GrantorGrantor or its successor. The director Division will agree to termination of the Trust when the owner or operator licensee substitutes alternative financial assurance as specified in this sectionassurance.

Appears in 1 contract

Samples: Standby Trust Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 14, this Trust shall be trust is irrevocable and shall continue continues until terminated at the written agreement direction of the Grantor, Grantor and the Trustee, and the director, or by the Trustee and the director Ecology, if the Grantor ceases to exist. Upon termination of the Trusttrust, all remaining trust property, less final trust administration expenses, shall must be delivered to the Grantor. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: apps.ecology.wa.gov

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1416, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the director, EPD Director or by the Trustee and the director EPD 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. The director EPD Director will agree to termination of the Trust when the owner or operator substitutes alternative alternate financial assurance as specified in this section.

Appears in 1 contract

Samples: Liability Coverage

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 directorCommissioner, or by the Trustee and the director Commissioner, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered paid to the Grantor. The director Commissioner will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Waste Management Facility

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 direction of the Grantor, Grantor and the Trustee, and the director, or by the Trustee and the director State Water Control Board, 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. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Funded Trust Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1416, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the directorAgency Commissioner, or by the Trustee and the director Agency Commissioner, 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. The director Agency Commissioner will agree to termination of the Trust when the owner or operator substitutes alternative alternate financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Agreement

Irrevocability and Termination. Subject to the right of the parties to amend this Agreement as provided in Section 1413, this Trust shall be irrevocable and shall continue until terminated at the written agreement direction of the Grantor, Grantor and the Trustee, and the director, or by the Trustee and the director DEP Secretary or designee, 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. The director will agree to termination of the Trust when the owner or operator substitutes alternative financial assurance as specified in this section.

Appears in 1 contract

Samples: Trust Fund Agreement

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