Common Contracts

FORM OF ENVIRONMENTAL MITIGATION TRUST AGREEMENT

Environmental Mitigation Trust Agreement • November 1st, 2016 • Delaware

• Contract Type
  Environmental Mitigation Trust Agreement
• Filed
  November 1st, 2016
• Jurisdiction
  Delaware

The Settling Defendants and the Trustee hereby enter into this Environmental Mitigation Trust Agreement (“Trust Agreement”) and establish the environmental mitigation trust herein described (“Mitigation Trust” or “Trust”). The Settling Defendants and the Trustee acknowledge that the purpose of the Mitigation Trust is to fulfill the Settling Defendants’ environmental mitigation obligations under the Consent Decree. All payments to and expenditures from the Mitigation Trust shall be for the sole purpose of fulfilling the Settling Defendants’ environmental mitigation obligations under the Consent Decree. The Mitigation Trust shall be funded with Mitigation Trust Payments according to the terms of the Consent Decree.