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.
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 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 NJDEPdirector, or by the Trustee and the Commissioner of the NJDEPdirector, 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 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 Commissioner of the NJDEPdirector, or by the Trustee and the Commissioner of the NJDEPdirector, if the Grantor ceases to exist. Upon termination of the Trust, Trust all remaining trust property, less final trust administration expenses, expenses shall be paid delivered to the Grantor. The Commissioner of the NJDEP 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 1416, 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 delivered to the Grantor. The 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 1416, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the Commissioner of the NJDEPdirector, or by the Trustee and the Commissioner of the NJDEPdirector, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be paid delivered to the Grantor. The Commissioner of the NJDEP 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 Commissioner of the NJDEPdirector, or by the Trustee and the Commissioner of the NJDEP, director if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be paid delivered to the Grantor. The Commissioner of the NJDEP 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 Commissioner of the NJDEPCOMMISSIONER, or by the Trustee and the Commissioner of the NJDEPCOMMISSIONER, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be paid delivered to the Grantor. The Commissioner of the NJDEP 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 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 NJDEPCommissioner, or by the Trustee and the Commissioner of the NJDEPCommissioner, 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.
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 1416, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the Commissioner of the NJDEPBeneficiary, or by the Trustee and the Commissioner of the NJDEPBeneficiary, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be paid delivered to the Grantor. The Commissioner of the NJDEP 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 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 NJDEPAgency Commissioner, or by the Trustee and the Commissioner of the NJDEPAgency Commissioner, 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 Agency 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 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 Commissioner of the NJDEP, EPD Director or by the Trustee and the Commissioner of the NJDEPEPD Director, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be paid delivered to the Grantor. The Commissioner of the NJDEP 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 1416, this Trust shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the Commissioner of the NJDEPAgency Commissioner, or by the Trustee and the Commissioner of the NJDEPAgency Commissioner, if the Grantor ceases to exist. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be paid delivered to the Grantor. The Agency 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 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 Commissioner of the NJDEPDEQ Director, or by the Trustee and the Commissioner of the NJDEPDEQ Director, 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 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 of the Grantor, the Trustee, and the Commissioner of the NJDEPexecutive director, or by the Trustee and the Commissioner of the NJDEPexecutive director, 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 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 1 contract
Samples: Trust Agreement