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.
Appears in 6 contracts
Samples: Standby Trust Agreement, Standby Trust Agreement, Trust Agreement
Irrevocability and Termination. Subject to the right of the parties to amend this AGREEMENT as provided in Section 1614, 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 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 3 contracts
Samples: Standby Trust Agreement, Standby Trust Agreement, Standby Trust Agreement
Irrevocability and Termination. Subject to the right of the parties to amend this AGREEMENT agreement as provided in Section section 16, this Trust shall trust will be irrevocable and shall will continue until terminated termination at the written agreement of the GRANTORgrantor, the TRUSTEEtrustee, and the DIRECTOR director, or by the TRUSTEE trustee and the DIRECTOR director if the GRANTOR grantor ceases to exist. Upon termination of the Trusttrust, all remaining trust property, less final trust administration expenses, shall will be delivered to the GRANTORgrantor.
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 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. The DIRECTOR will agree to termination of the Trust when the owner or operator substitutes 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 Agreement as provided in Section 16, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the GRANTORSettlor, the TRUSTEE, Trustee and the DIRECTOR Commissioner, or by the TRUSTEE Trustee and the DIRECTOR Commissioner if the GRANTOR Settlor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be delivered to the GRANTORSettlor.
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 16, this Trust trust shall be irrevocable and shall continue until terminated at the written agreement of the GRANTOR, the TRUSTEE, and the DIRECTOR DEPARTMENT, or by the TRUSTEE TRUSTEE, and the DIRECTOR DEPARTMENT, if the GRANTOR ceases to exist. Upon termination of the Trusttrust, all remaining trust property, less final trust administration expenses, shall be delivered to the GRANTOR. The DEPARTMENT will agree to termination of the trust when the owner or operator substitutes 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 agreement as provided in Section section 16, this Trust shall trust will be irrevocable and shall will continue until terminated termination at the written agreement of the GRANTORgrantor, the TRUSTEEtrustee, 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
Appears in 1 contract
Samples: Trust Agreement
Irrevocability and Termination. Subject to the right of the parties to amend this AGREEMENT agreement as provided in Section 16, this Trust trust shall be irrevocable and shall continue until terminated at the written agreement of the GRANTORgrantor, the TRUSTEE, trustee and the DIRECTOR Department, or by the TRUSTEE trustee and the DIRECTOR Department, if the GRANTOR grantor ceases to exist. Upon termination of the Trusttrust, all remaining trust property, less final trust administration expenses, shall be delivered to the GRANTORgrantor.
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 section 16, this Trust shall be TRUST is irrevocable and shall continue continues until terminated at the written agreement of the GRANTOR, the TRUSTEE, and the DIRECTOR DEPARTMENT, or by the TRUSTEE and the DIRECTOR DEPARTMENT, 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.
Appears in 1 contract
Samples: Trust Agreement