Management of Environmental Trust Assets Sample Clauses

Management of Environmental Trust Assets. 2.5.1 Consistent with this Agreement and the Stipulation and Settlement Agreement, the Environmental Trustee shall use the Environmental Trust Environmental Cost Accounts for the DPH Sites to fund Environmental Actions and certain future oversight costs approved by the Lead Agency pursuant to applicable environmental law with respect to the DPH Sites. The Environmental Trustee shall use the Environmental Trust Administrative Account to fund the Administrative Costs of the Environmental Response Trust that have been approved by the Environmental Agencies. 2.5.2 The Environmental Trustee may enter into an administrative order on consent and/or consent decree or consent order with the United States, the State of Michigan, and/or the State of Ohio, and may perform work pursuant to unilateral administrative orders issued by EPA, MDEQ, and/or Ohio EPA to facilitate implementation of this Section with respect to the DPH Sites, to the extent of available funds, in accordance with this Agreement.
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Management of Environmental Trust Assets. 2.8.1 Consistent with this Agreement and the Settlement Agreement, the Environmental Trustee shall use the Environmental Trust Assets to fund Environmental Actions approved by the Lead Agency pursuant to applicable Environmental Laws with respect to the Gulfport Facility, and to fund Administrative Costs of the Environmental Response Trust that have been approved by the Lead Agency. 2.8.2 After the Lead Agency, in consultation with the Non-Lead Agency, has confirmed to the Environmental Trustee that all final actions have been completed, and all final costs have been disbursed for Environmental Actions, any remaining Environmental Trust Assets shall be transferred in accordance with Paragraph 19 of the Settlement Agreement and Section 4.13.7 below.
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Management of Environmental Trust Assets. Consistent with this Agreement and the Consent Decree and Settlement Agreement, the Environmental Trustee shall use each Environmental Trust Designated Site Cost Account to fund Environmental Actions and other Designated Site Specific Costs approved by the Lead Agency for the respective Designated Site pursuant to applicable Environmental Law, in accordance with the procedure set forth in Paragraph 25 of the Consent Decree and Settlement Agreement and Section 3.2.4 of this Agreement. The Environmental Trustee shall use the Environmental Trust General Administrative Cost Account to fund the General Administrative Trust Costs of the Environmental Response Trust that have been approved by the United States in accordance with the procedure set forth in Paragraph 26 of the Consent Decree and Settlement Agreement and Section 3.2.2 of this Agreement. In the event of a shortfall in the Environmental Trust General Administrative Cost Account, at the request of the Environmental Trustee, a Lead Agency (after consultation with the Non-Lead Agency) may, but shall be under no obligation to, approve in writing a transfer of funds from its respective Environmental Trust Designated Site Cost Account to the Environmental Trust General Administrative Cost Account. 2.5.1. The Lead and Non-Lead Agency for a particular Designated Site may jointly determine in writing at any time after the Effective Date that, based on new information about the estimated cost of remaining Environmental Actions or site-specific property management costs, the assumption of liability by another party for Environmental Actions at that Designated Site, recovery of proceeds from claims against Applicable Insurance, the accrual of interest or dividends, the sale or other disposition of all or a portion of the Designated Site resulting in net proceeds being deposited into the Environmental Trust Designated Site Cost Account pursuant to Paragraph Error! Reference source not found. of the Consent Decree and Settlement Agreement, prior reallocation of funds pursuant to Paragraphs 30, 31, or 34 of the Consent Decree and Settlement Agreement, or other circumstances approved by the Lead Agency, the actual funding needed for the Designated Site is less than the amount remaining in the Environmental Trust Designated Site Cost Account for that Designated Site (the difference being “Excess Funding”). In such an event, the Environmental Trustee shall transfer the Excess Funding in accordance with Paragraph 30 of ...
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Related to Management of Environmental Trust Assets

  • Environmental Tobacco Smoke Public Law 103-227 (also known as the Pro-Children Act of 1994) and Vermont’s Act 135 (2014) (An act relating to smoking in lodging establishments, hospitals, and child care facilities, and on State lands) restrict the use of tobacco products in certain settings. Party shall ensure that no person is permitted: (i) to use tobacco products or tobacco substitutes as defined in 7 V.S.A. § 1001 on the premises, both indoor and outdoor, of any licensed child care center or afterschool program at any time; (ii) to use tobacco products or tobacco substitutes on the premises, both indoor and in any outdoor area designated for child care, health or day care services, kindergarten, pre-kindergarten, elementary, or secondary education or library services; and (iii) to use tobacco products or tobacco substitutes on the premises of a licensed or registered family child care home while children are present and in care. Party will refrain from promoting the use of tobacco products for all clients and from making tobacco products available to minors. Failure to comply with the provisions of the federal law may result in the imposition of a civil monetary penalty of up to $1,000 for each violation and/or the imposition of an administrative compliance order on the responsible entity. The federal Pro-Children Act of 1994, however, does not apply to portions of facilities used for inpatient drug or alcohol treatment; service providers whose sole source of applicable federal funds is Medicare or Medicaid; or facilities where Women, Infants, & Children (WIC) coupons are redeemed.

  • Materials of Environmental Concern have not been transported or disposed of from the Properties in violation of, or in a manner or to a location that could give rise to liability under, any Environmental Law, nor have any Materials of Environmental Concern been generated, treated, stored or disposed of at, on or under any of the Properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law;

  • NON-SEXIST ENVIRONMENT 1. A non-sexist environment is defined as that in which there is no discrimination against females or males by portraying them in gender stereotyped roles or by omitting their contributions. 2. The employer does not condone and will not tolerate any written or verbal expression of sexism. In September of each school year the employer and the local shall jointly notify administrative officers and staff, in writing, of their commitment to a non-sexist environment. 3. The employer and the local shall promote a non-sexist environment through the development, integration, and implementation of non-sexist educational programs, activities, and learning resources for both staff and students.

  • Physical and Environmental Security DST shall: (i) restrict entry to DST’s area(s) where Fund Confidential Information is stored, accessed, or processed solely to DST’s personnel or DST authorized third party service providers for such access; and (ii) implement commercially reasonable practices for infrastructure systems, including fire extinguishing, cooling, and power, emergency systems and employee safety.

  • Working Environment The Parties agree that a safe and clean working environment is essential in order to carry out work assignments in a satisfactory manner. It will be the Employer's responsibility to ensure that all working areas and Employer-owned vehicles are maintained in a safe and clean condition.

  • Safe Environment The School shall maintain a safe learning environment at all times. The School shall develop and adhere to a safety plan, which shall be provided to the Commission.

  • Materials of Environmental Concern have not been transported or disposed of from the Properties in violation of, or in a manner or to a location which could give rise to liability under, any Environmental Law, nor have any Materials of Environmental Concern been generated, treated, stored or disposed of at, on or under any of the Properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law, except insofar as any such violation or liability referred to in this paragraph, or any aggregation thereof, could not reasonably be expected to result in the payment of a Material Environmental Amount.

  • Preparation of Environmental Reports At the request of the Administrative Agent from time to time if the Administrative Agent reasonably suspects the presence of any Hazardous Materials on any property of the Borrower or its Subsidiaries, provide to the Administrative Agent within sixty (60) days after such request, at the expense of the Borrower, an environmental site assessment report for any Specified Real Estate described in such request, prepared by a nationally recognized environmental consulting firm (or other environmental consulting firm reasonably acceptable to the Administrative Agent), indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance, removal or remedial action in connection with any Hazardous Materials on such properties; without limiting the generality of the foregoing, if the Administrative Agent determines at any time that a material risk exists that any such report will not be provided within the time referred to above, the Administrative Agent may retain an environmental consulting firm to prepare such report at the expense of the Borrower, and such Loan Party hereby grants and agrees to cause any Subsidiary that owns any property described in such request to grant at the time of such request to the Administrative Agent, such firm and any agents or representatives thereof an irrevocable non-exclusive license, subject to the rights of tenants, to enter onto their respective properties to undertake such an assessment.

  • Management of Special and Technical Environment Each certificated support person demonstrates an acceptable level of performance in managing and organizing the special materials, equipment and environment essential to the specialized programs.

  • Work Environment It is mutually agreed that the prevention of accidents and injuries to state employees will result in greater efficiency of operations of state government. Toward this end, the Employer shall make every reasonable effort to provide and maintain safe and healthy working conditions and the Union shall fully cooperate by encouraging all employees to perform their assigned tasks in a safe manner.

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