Agenda - 02-18-1999 - Attachment 5

Browse Search

2s For all purposes of this Agreement, the following terms -have the following meanings, unless the context clearly indicates otherwise. , eel, 1*7lof: "Agreement" means this lutedocal Agreement Concerning Solid Waste Management Matters, as it may be duly amended and supplemented from time to time. "Business Day" means any day (a) other than a day on which national banks are required or authorized to close and (b) on which the New York Stock Exchange is not closed. "Carrboro" means the Town of Czaboro, North Carolina. "Chapel Bill" means the Town of Chapel Hill, North Carolina. "Closing" means the consummation of the Transfer by the execution and delivery of the Transfer Agreement "County" means Orange County, North Carolina. "County Manager" means the County's chief administrative officer. "County Recyclabks" means all materials processed by the County for recycling and not disposed of at System Management Facilities, as the same shall be established and-amended from time to time under the Solid Waste Management lea Policies. "E & ng System Assets" means all assets of the Solid Waste System existing as of the Closing, including, without limitation, the existing landfill, all other land and buildings, all equipment, including rolling stock, all lisesse licenses, permits and other governmental authorizations, all contracts, all customer records, all bank and other business records, and all cash and investments, including the capital reserve account currently maintained by Chapel Hill on behalf of the Landfill Owners' Group, but expressly excluding any interest in the Greane Tract.