Savannah Facility definition
Examples of Savannah Facility in a sentence
The purpose of the Savannah Trust Environmental Cost Account shall be to provide funding for future Environmental Actions and certain future oversight costs of the Governments included in the approved budget set forth in Subparagraph 39(b) below with respect to the Savannah Facility.
Additionally, the Savannah Trustee shall abide by the terms of any institutional controls or deed restrictions in place or of record as to the Savannah Facility.
Such written request shall: (i) be in accordance with the approved budget set forth in Subparagraph 39(b) above, and (ii) shall specify what the funds were used for and shall certify that they were used only for Environmental Actions performed and/or oversight costs incurred after the Effective Date by the Non-Lead Agency with respect to the Savannah Facility.
The Non-Lead Agency with respect to the Savannah Facility shall be US EPA.
On and after the Effective Date, Debtors and Reorganized Tronox shall have no ownership or other residual interest whatsoever with respect to the Savannah Trust or the Savannah Facility.
The Savannah Trustee shall create a segregated Savannah Trust account (“Savannah Trust Environmental Cost Account”) within the Savannah Trust for the Savannah Facility.
If created, the Savannah Trust-Owned Entity shall own and/or operate, as appropriate, the Savannah Acid Business for the benefit of the Savannah Trust in the Trust’s performance of required Environmental Actions at the Savannah Facility.
Debtors shall execute, or cause to be executed, and record, if necessary, all necessary releases of any liens or security interests held by any Debtor against the Savannah Facility.
For purposes of this Settlement Agreement, the Lead Agency with respect to the Savannah Facility is the Georgia Department of Natural Resources, Environmental Protection Division (“GA EPD”).
The Savannah Trustee shall use the Savannah Trust Environmental Cost Account to fund future Environmental Actions and certain future oversight costs with respect to the Savannah Facility.