Environmental Trust Assets definition

Environmental Trust Assets has the meaning set forth in the Environmental Trust Agreement.

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Environmental Trust Assets means all Owned Sites and related assets that are identified in the

Environmental Trust Assets means all Owned Sites and related assets that are identified in the Environmental Claims Settlement Agreement and which will be transferred to the Environmental Response Trusts on the Effective Date; provided, however, that Tronox may, at its expense and in accordance with applicable health and safety requirements, remove certain equipment and other assets related to Tronox’s operations from each of the Savannah, GA, Soda Springs, ID and Mobile, AL sites and transfer such equipment and assets to alternate locations to be determined by Reorganized Tronox.

Examples of Environmental Trust Assets in a sentence

Any and all distributions of Environmental Trust Assets shall be in compliance with applicable laws, including, but not limited to, applicable federal and state securities laws.
No Person dealing with the Environmental Response Trust shall be obligated to inquire into the authority of the Environmental Trustee in connection with the protection, conservation or disposition of Environmental Trust Assets.
Prior to the Effective Date and for a period of sixty (60) days after the Effective Date, Debtors and/or any successor entity shall provide reasonable access by the Environmental Response Trust Administrative Trustee to such employees of Debtors, their agents, advisors, attorneys, accountants or any other professionals hired by the Debtors with knowledge of matters relevant to the Environmental Trust Assets.
The Environmental Response Trust shall be the exclusive holder of the Environmental Trust Assets and Environmental Trust Accounts described herein for purposes of 31 U.S.C. § 3713(b).
Reorganized Debtors shall not have any rights or interest to the Environmental Trust Assets distributed to the Environmental Trust Accounts, nor to any funds remaining in any of the Environmental Trust Accounts upon the completion of any and all final actions and disbursements for any and all final costs with respect to the DPH Sites.
The Environmental Response Trust and the Environmental Trustee shall not and are not authorized to engage in any trade or business with respect to the Environmental Trust Assets or any proceeds therefrom except as and to the extent the same is deemed in good faith by the Environmental Trustee to be reasonably necessary or proper for the conservation or protection of the Environmental Trust Assets, or the fulfillment of the purposes of the Environmental Response Trust.
Except as otherwise provided herein or by the Stipulation and Settlement Agreement, the Environmental Trustee shall not be required to file any accounting or seek approval of the Court with respect to the administration of the Environmental Response Trust, or as a condition for making any payment or distribution out of the Environmental Trust Assets.
Upon the Effective Date of this Agreement, the Reorganized Debtors shall have no interests including, without limitation, any reversionary interest, in the Environmental Response Trust or any Environmental Trust Assets.
Response Trust hereby accepts and agrees to hold the Environmental Trust Assets in the Environmental Response Trust for the benefit of the Beneficiaries for the purposes described in Section 2.3 below, subject to the terms of the Stipulation and Settlement Agreement, this Agreement, and any applicable orders of the Court.
All compensation and other amounts payable to the Environmental Trustee shall be paid from the Environmental Trust Assets.

More Definitions of Environmental Trust Assets

Environmental Trust Assets means all Owned Sites and related assets that are identified in the Environmental Claims Settlement Agreement and which will be transferred to the Environmental Response Trusts on the Effective Date; provided, however, that Tronox with the consent of the Equity Committee may, at Tronox’s expense and in accordance with applicable health and safety requirements, (a) with the consent of the Equity Committee, remove certain equipment and other assets related to Tronox’s operations from each of the Savannah, GA, Soda Springs, ID and Mobile, AL sites and transfer such equipment and assets to alternate locations to be determined by Reorganized Tronox; and (b) at the direction of the Equity Committee, remove the Savannah, GA facilities in part or in their entirety.

Environmental Trust Assets means (a) those assets and properties, including the DPH Sites and sources of funding to be transferred to the Environmental Response Trust pursuant to the Stipulation and Settlement Agreement and

Environmental Trust Assets means all Owned Sites and related assets that are to be identified in the Environmental Claims Settlement Agreement and which will be transferred to the Environmental Response Trusts on the Effective Date; provided, however, that the Company may, at its expense and in accordance with applicable health and safety requirements and under the supervision of the United States and the relevant state, remove certain equipment and other assets related to the Debtors’ operations from each of the Savannah, GA, Soda Springs, ID and Mobile, AL sites and transfer such equipment and assets to alternate locations to be determined by the Company.

Environmental Trust Assets means any and all assets of the Environmental Trust, including, without limitation, all of the stock of Poor Charlie and the Poor Charlie Assets.‌

Environmental Trust Assets means (a) those assets and properties, including without limitation the Transferred Debtor Assets, the NPP Bond Payments, and the Initial Funding, transferred by any party to the Environmental Response Trust pursuant to the Consent Decree and Settlement Agreement (see Paragraphs 6, 7, 9, 10, 32-34 of the Consent Decree and Settlement Agreement), and (b) such other assets acquired, earned, or held by the Environmental Response Trust from time to time pursuant to this Agreement and the Consent Decree and Settlement Agreement, including the Environmental Trust Proceeds (defined below).

Environmental Trust Assets means: (a) the Gulfport Facility and any portion of the Gulfport Adjoining Parcels that are ultimately transferred to the Environmental Response Trust; (b) the Funds (defined herein), and any documents and/or information (including Environmental Information or Real Property Information, as defined in the Settlement Agreement) concerning the Gulfport Property in the possession of Debtors or environmental contractors or consultants previously retained by the Debtors, to be transferred to the Environmental Response Trust; (c) the funds currently held in the Reichhold Chemicals, Inc. Standby Trust to be transferred into the Environmental Response Trust; and (d) such other assets acquired or held by the Environmental Response Trust from time to time pursuant to the Settlement Agreement, this Agreement, or an order of the Court.