Decommissioning Work definition
Examples of Decommissioning Work in a sentence
Notice of termination of the Decommissioning Trust and of this Agreement must be provided to the Trustee in the following manner: the Decommissioning Agent, at the direction of the Decommissioning Committee, must give written notice to Party A and to each of the other Parties that the Decommissioning Work was completed , and Party A must, in turn, give written notice to the Trustee of the satisfaction of Party A’s obligations under the Decommissioning Agreement.
The Trustee will have no duty to perform, cause the performance of, manage, monitor, evaluate or approve the Decommissioning Work.
If a project for Decommissioning Work is proposed for the purposes of Prudent Cost Avoidance, the Retirement Order will also include a cost- benefit analysis which explains why the Decommissioning Agent recommends performance of the project.
Notwithstanding the foregoing, with respect to any Platform Decommissioning Work, the Parties shall mutually agree upon specific milestone objectives with respect to such Work, and Owner shall advance portions of the Agreed Charges to Contractor upon successful completion of such milestones.
Prior to paying an invoice for Decommissioning Work, including costs for Projected Decommissioning Costs Reviews, the Decommissioning Agent will invoice the Parties for such costs, and the Parties will pay the invoice within ten (10) Business Days of receipt.