Examples of Decommissioning in a sentence
Upon such determination by Town, or Town’s failure to issue same within such forty-five (45) day period, Owner’s obligations hereunder shall be deemed discharged, this Agreement shall be deemed terminated and the Posted Surety shall, within thirty (30) days following the earlier of the Town’s determination that Decommissioning is complete or expiration of the forty-five (45) day period, shall be returned to Owner by the Town.
Owner shall complete Decommissioning within twelve (12) full calendar months following the earlier to occur of (i) the date of the end of the Facility’s useful life, and (ii) the date that the Facility ceases to be operational for more than twelve (12) consecutive months, in either case, whether Decommissioning has occurred shall be determined by Owner.
Upon completion of Decommissioning, Owner shall provide written notice thereof to Town, and Town shall have forty- five (45) days to determine, in writing, provided to Owner, whether such Decommissioning is complete and in compliance with the Decommissioning Plan.