Examples of Monsanto Settlement Agreement in a sentence
The Borrowers will not permit SFC to own any assets (other than the Funding Co. Accounts (as such term is defined in the Monsanto Settlement Agreement) and the funds on deposit therein), incur any obligations (other than obligations under the Monsanto Settlement Agreement, obligations that are necessary to fulfill such obligations and obligations in connection with the maintenance of its existence) or take any actions in violation of the SFC Limited Liability Company Agreement.
We have rejected such demand pursuant to the Monsanto Settlement Agreement.
Nonetheless, if it were subsequently determined these matters are not within the meaning of “Legacy Tort Claims,” as defined in the Monsanto Settlement Agreement, or other defenses to us were unsuccessful, it is reasonably possible we would be liable for an amount which cannot be estimated but which could have a material adverse effect on our consolidated financial statements.
When Funding Co releases funds to Solutia to allow Solutia to make payments in accordance with the terms of the Monsanto Settlement Agreement, Solutia should account for such amounts as if paid directly by Solutia.
In accordance with the terms of the Monsanto Settlement Agreement, Monsanto agrees to take responsibility, as between itself and Reorganized Solutia only, for a significant portion of the Legacy Environmental Liabilities, including Monsanto's agreement to be responsible for all Legacy Environmental Claims related to future cleanup at the Legacy Sites and to share a portion of the Legacy Environmental Claims related to future cleanup responsibility at the Shared Sites.
As of the Effective Date, Monsanto shall take financial responsibility, as between itself and Reorganized Solutia only, for the management and payment of the Legacy Tort Claims and be solely responsible, as between itself and Reorganized Solutia only, for all costs related to the defense, mediation, arbitration, judgment and settlement of the Legacy Tort Claims and shall indemnify Reorganized Solutia, pursuant to the terms of the Monsanto Settlement Agreement, with respect to such Legacy Tort Claims.
The ACE Insurance Program shall not be amended, modified, waived or impaired in any respect by the Monsanto Settlement Agreement or otherwise without the prior written agreement of the ACE Companies.
The Shared Sites are listed on Exhibit C to the Monsanto Settlement Agreement.
Reorganized Solutia shall use all reasonable efforts to enforce against Monsanto the provisions of the Monsanto Settlement Agreement and other Plan documents pertaining to the Legacy Sites.
Consistent with the prior settlement between Solutia and Monsanto (as set forth in the Monsanto Settlement Agreement), the Global Settlement provides that Monsanto will be financially responsible, as between itself and Solutia only, for certain tort litigation and environmental remediation.