Common use of SEP Clause in Contracts

SEP. The Parties agree that the payment of the SEP Amount and the SEP Oversight Costs is a SEP and that the SEP Amount will be treated as a suspended administrative civil liability for purposes of this Stipulated Order. Shell’s SEP obligations will be satisfactorily completed upon the San Francisco Estuary Institute’s written notification to Regional Water Board staff and Shell acknowledging that the Regional Monitoring Program received payment of the SEP Amount and the SEP Oversight Costs from Shell and the payment will be spent on the project described in Section III, paragraph 13(b)(i), in accordance with the terms of this Stipulated Order. The San Francisco Estuary Institute’s annual and quarterly financial reports to the Regional Water Board shall be considered a final post-project accounting of expenditures.

SEP. The Parties agree that the payment of the SEP Amount and the SEP Oversight Costs is a SEP SEP, and that the SEP Amount will be treated as a suspended administrative civil liability for purposes of this Stipulated Order. ShellXxxxxxxx 66’s SEP obligations will be satisfactorily completed upon the San Francisco Estuary Institute’s written notification to Regional Water Board staff and Shell acknowledging Xxxxxxxx 66. The written notification shall acknowledge that the Regional Monitoring Program received payment of the SEP Amount and the SEP Oversight Costs from Shell Xxxxxxxx 66 and the payment will be spent on the project described in Section III, paragraph 13(b)(i8(b) (i), in accordance with the terms of this Stipulated Order. The San Francisco Estuary Institute’s annual and quarterly financial reports to the Regional Water Board shall be considered a final post-project accounting of expenditures.

SEP. The Parties agree that the CalAtlantic's payment of the SEP Amount and the SEP Oversight Costs to SFEI is a SEP SEP, and that the SEP Amount will be treated as a permanently suspended administrative civil liability for purposes of this Stipulated Order. Shell’s CalAtlantic's SEP obligations will be satisfactorily completed upon the San Francisco Estuary Institute’s 's written notification to Regional Water Board staff and Shell acknowledging the Discharger. The written notification shall acknowledge that the Regional Monitoring Program received payment of the SEP Amount and from the SEP Oversight Costs from Shell Discharger and the payment will be spent on the project as described in Section III, paragraph 13(b)(i)9.b.i, and Exhibit B in accordance with the terms of this Stipulated Order. The San Francisco Estuary Institute’s 's annual and quarterly financial reports to the Regional Water Board shall be considered a final post-project accounting of expenditures.