Common use of SEP Description Clause in Contracts

SEP Description. The Parties agree that the Discharger’s payment of the SEP Amount is a SEP, and that the SEP Amount shall be treated as a permanently suspended administrative civil liability for purposes of this Stipulated Order. The Discharger’s SEP obligations shall be satisfactorily completed upon SFEI’s written notification to the Regional Water Board and the Discharger. The written notification shall acknowledge that the Regional Monitoring Program received payment of the SEP Amount from the Discharger and that the payment will be spent on the project described in section III, paragraph 1.b.i, and Attachment B in accordance with the terms of this Stipulated Order. SFEI’s annual and quarterly financial reports to the Regional Water Board shall be considered a final post-project accounting of expenditures.

SEP Description. The Parties agree that the Discharger’s payment of the SEP Amount is a SEP, and that the SEP Amount shall be treated as a permanently suspended administrative civil liability for purposes of this Stipulated Order. The Discharger’s SEP obligations shall be satisfactorily completed completed, and the SEP amount will be permanently suspended, upon SFEI’s written notification to the Regional Water Board and the Discharger. The written notification shall acknowledge Discharger acknowledging that the Regional Monitoring Program received payment of the SEP Amount from the Discharger and that the payment will be spent on the project described in section Section III, paragraph 1.b.i, 1.b.i and Attachment B in accordance with the terms of this Stipulated Order. SFEI’s annual and quarterly financial reports to the Regional Water Board shall be considered a final post-project accounting of expenditures.