Access and Deed Restrictions. The Environmental Custodial Trust shall provide the United States and the respective States and their representatives and contractors with reasonable access at all reasonable times to the Transferred Real Properties for the purposes of conducting Environmental Actions or related activities at or near the Transferred Real Properties. The Environmental Custodial Trust Trustee shall implement any institutional controls or deed restrictions requested by the Governments with respect to any of the Transferred Real Properties. The Environmental Custodial Trust shall execute and record in the appropriate local real estate records any easements or deed restrictions restricting the use of the Transferred Real Properties requested by the Environmental Trust Beneficiaries in order to protect public health, welfare or safety or the environment or ensure non-interference with or protectiveness of any action. Nothing in the Plan, the Settlement Agreement or this Agreement is intended to or shall be construed to terminate or otherwise amend any easements or deed restrictions of record as to any Transferred Real Property existing prior to the Effective Date. The Environmental Custodial Trust Trustee shall abide by the terms of any institutional controls or deed restrictions in place or of record as to any Transferred Real Property.
Appears in 3 contracts
Sources: Settlement Agreement, Environmental Custodial Trust Agreement, Settlement Agreement