Closure costs definition
Examples of Closure costs in a sentence
The CITY is currently required by the Permit to hold certain funds in escrow with the Department to cover certain Closure costs pertaining to the Existing Cell (the “CITY Closure Escrow Funds”).
CONTRACTOR shall upon request provide a copy to CITY of CONTRACTOR’S other estimates for such Closure and Post Closure costs and such other Closure and Post-Closure documents as may be reasonably requested by CITY from time to time for purposes of verifying such costs and the reasonableness of the amounts being accrued or escrowed.
Part of the consideration to the CITY in entering into this Agreement is the release of the CITY Closure Escrow Funds to the CITY in light of the CONTRACTOR’S obligation hereunder to assume all Closure costs pertaining to the Facility.
CITY shall be entitled to receive and review copies of CONTRACTOR’S books and records pertaining to such Expanded Cell Closure and Post- Closure costs expended by CONTRACTOR for purposes of verifying such expenditures.
One hundred percent (100%) of the estimated Closure and Post-Closure costs for the Facility as determined by the annual third-party engineer’s estimate of Closure and Post Closure costs as described in Section 7.5.1.3 or as otherwise agreed by the Parties.
The performance bond shall be renewed annually, and in an amount equal to the TDEC approved Cclosure costs (excluding Post-Closure Care costs) provided, that Contractor may renewreplace such performance bond or other financial assurance mechanism more frequently than annually to reflect a reduction in such Closure costs as a result of any phased Closure activities performed by Contractor.
Closure costs include primarily final cover and gas management system construction.
CONTRACTOR shall transfer to CITY the Closure and Post Closure costs accrual amount that has been reasonably accrued or escrowed by CONTRACTOR to cover the then remaining costs of Closure and Post Closure of the Expanded Cell, which cost amount will be updated at least annually by a third party engineer and shall be reported to the CITY annually (as more specifically described below, the “Expanded Cell Closure Accrual”).