Birtcher Medical Syxxxxx, Xnc Sample Clauses

Birtcher Medical Syxxxxx, Xnc. The California Regional Water Quality Control Board, Los Angeles region ("CRWQCB") is investigating contamination in the soil near an industrial waste clarifier located outdoors on a site in an industrial area of El Monte, California. Between 1977 and 1990, Birtcher leased a pxxxxxx xf a building also located at the site and adjacent to the clarifier. The clarifier was used in connection with a plating operation which Birtcher sold to anxxxxx xxrty in 1984. The CRWQCB has worked principally with this other party to determine the extent and effect of the soil contamination and whether remedial action will be required. Birtcher, and othex Xxxxxtially Responsible Parties have conducted subsurface soils investigations, including soil vapor studies, at the request of the CRWQCB. The CRWQCB has not responded to the latest report, which was submitted on May 27, 1994. These investigations have confirmed the presence of volatile organic compounds ("VOC") in the subsurface below the former facility. Some of the same type of VOC have been detected in ground water samples collected by others in the vicinity of this facility. The quantities and sources of the VOCs detected in soils below the facility have yet to be determined. While Borrower does not currently anticipate any material adverse effect upon its business or financial position resulting from the CRWQCB's investigation, Birtcher may in the xxxxxx become involved in further environmental assessment and remediation at the site, the costs of which cannot be determined at this time. The EPA has divided the San Gabriel Valley suxxxxxxx site into five operable units. The site is located in the El Monte operable unit of the San Gabriel superfund sxxx. Xxe Environmental Protection Agency (the "EPA") has sent "Potentially Responsible Party Notices" to current operators ("PRPs") of the contaminated property in the El Monte operable unit. On November 23, 1994 Birtcher received x Xxxxion 104(e) request for information from the EPA regarding the El Monte facility. The EPA has not identified Birtcher as a PRP. Xxxxxxx, it is likely that Birtcher will be nxxxx xx a PRP and that it may be required to participate in a remedial investigation, feasibility study, and cleanup. The cost of such participation is unknown. SCHEDULE IV EMPLOYEE BENEFIT PLANS FUNDING STATUS
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Related to Birtcher Medical Syxxxxx, Xnc

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