Project Sunshine Consent Decree Sample Clauses

Project Sunshine Consent Decree. Buyer represents and warrants that it has received a copy of the Project Sunshine Consent Decree and that it has the financial and technical capability to assume the obligations set forth in the Project Sunshine Consent Decree with respect to the Purchased Assets. Buyer covenants and agrees that prior to or at the Closing it will execute and deliver a modification to the Project Sunshine Consent Decree, in a form satisfactory to Seller and the United States of America, pursuant to which Buyer shall agree to be bound by the terms and conditions of the Project Sunshine Consent Decree applicable to the Purchased Assets, and Buyer further covenants and agrees that from and after the Closing Date it shall comply in all respects with those provisions of the Project Sunshine Consent Decree (including any amendments, supplements or revisions thereto) relating to the operation, maintenance, insurance, and use of the Refinery and the Business and assume all costs and expenses associated therewith, and Buyer shall be responsible and liable for all costs and expenses arising from or relating in any way to compliance with the Project Sunshine Consent Decree as it relates to the Business. Buyer further agrees that the provisions of this paragraph shall be binding upon (A) any successors or assigns of Buyer, (B) any transferees of all or any portion of the Business and (C) any grantee of rights of use and/or operation thereof. Prior to transferring any interest in the Business, Buyer shall deliver to Seller written evidence satisfactory to Seller that such transferee has agreed to assume and has the financial and technical capability to assume the obligations set forth in the Project Sunshine Consent Decree with respect to the Purchased Assets.
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