{"component": "clause", "props": {"groups": [{"samples": [{"hash": "bczqPymXWji", "uri": "/contracts/bczqPymXWji#isra", "label": "Lease Agreement (Central Jersey Bancorp)", "score": 18.0, "published": true}], "size": 7, "snippet": "Tenant expressly agrees as follows with respect to ISRA:\n(i) Tenant shall not without landlord's prior written consent generate, manufacture, refine, transport, treat, store, handle, dispose or otherwise deal with any hazardous substances or hazardous waste as presently or in the future defined in ISRA (the generation, manufacture, refinement, transportation, treatment, storage, handling, disposition and/or otherwise dealing with such substance or waste, as the case may be, being referred to herein as \"dealing with\" such substances or waste.\n(ii) If at any time during the Term there shall be required, with respect to the Premises or any part thereof, any act pursuant to or compliance with ISRA including the filing of any required notice of sale or negative declaration affidavits or the preparation or effectuation of any cleanup plans, Tenant shall be responsible for such compliance as if Tenant were the \"owner\" of the Premises as defined by ISRA.\n(iii) Tenant acknowledges its understanding that at the expiration or earlier termination of this Lease, or, as the case may be, any termination of occupancy of the Premises or part thereof by Tenant, a subleasee or any other party, certain notices, filing and (if determined to be necessary) sampling plans, cleanup plans and cleanup work will be required by the State of New Jersey if Tenant's or any subtenant's or other party's use of the Premises or any part thereof renders the Premises an \"industrial establishment\" under ISRA (\"ISRA Requirements\"). If such is the case, Tenant shall, either in its own name or, if required, in the name of Landlord, comply, at Tenant's own expense, with all ISRA Requirements.\n(iv) At the request of Landlord from time to time, Tenant shall\n(1) provide to Landlord copies of any documents filed by Tenant pursuant to ISRA;\n(2) permit Landlord to be present at any ISRA inspections, on or off site, and at any meetings of the Department of Environmental Protection of New Jersey or other meetings relating to ISRA; and\n(3) provide Landlord with an inventory or materials and substances dealt with by Tenant at the Premises, as well as such additional information relating to Tenant, any subtenant(s) and/or the Premises as may be reasonably requested by Landlord (in affidavit form or otherwise, as reasonably required by Landlord) in order that Landlord be able to provide information for ISRA filings, for determination of whether there has been compliance with any environmental Legal Requirement, or for determination of applicability/non-applicability of ISRA.\n(4) Within thirty (30) days of lease execution deliver to Landlord an affidavit setting forth Tenant's use of the premises during the lease term, its SIC number and a detailed account of any environmental happenings and the results thereof.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [35, 50]}, {"key": "tenant-shall", "type": "clause", "offset": [61, 73]}, {"key": "without-landlord", "type": "definition", "offset": [78, 94]}, {"key": "prior-written-consent", "type": "clause", "offset": [97, 118]}, {"key": "hazardous-substances-or-hazardous-waste", "type": "clause", "offset": [218, 257]}, {"key": "the-future", "type": "clause", "offset": [277, 287]}, {"key": "dealing-with", "type": "clause", "offset": [421, 433]}, {"key": "the-case", "type": "definition", "offset": [462, 470]}, {"key": "at-any-time", "type": "clause", "offset": [556, 567]}, {"key": "during-the-term", "type": "clause", "offset": [568, 583]}, {"key": "pursuant-to", "type": "clause", "offset": [667, 678]}, {"key": "compliance-with-isra", "type": "definition", "offset": [682, 702]}, {"key": "required-notice-of-sale", "type": "clause", "offset": [731, 754]}, {"key": "negative-declaration", "type": "definition", "offset": [758, 778]}, {"key": "cleanup-plans", "type": "clause", "offset": [832, 845]}, {"key": "responsible-for", "type": "clause", "offset": [863, 878]}, {"key": "if-tenant", "type": "clause", "offset": [898, 907]}, {"key": "termination-of-this-lease", "type": "clause", "offset": [1039, 1064]}, {"key": "occupancy-of-the-premises", "type": "clause", "offset": [1109, 1134]}, {"key": "by-tenant", "type": "definition", "offset": [1151, 1160]}, {"key": "other-party", "type": "definition", "offset": [1181, 1192]}, {"key": "certain-notices", "type": "clause", "offset": [1194, 1209]}, {"key": "sampling-plans", "type": "clause", "offset": [1254, 1268]}, {"key": "plans-and", "type": "definition", "offset": [1278, 1287]}, {"key": "state-of-new-jersey", "type": "definition", "offset": [1325, 1344]}, {"key": "use-of-the-premises", "type": "clause", "offset": [1393, 1412]}, {"key": "industrial-establishment", "type": "definition", "offset": [1458, 1482]}, {"key": "isra-requirements", "type": "clause", "offset": [1497, 1514]}, {"key": "if-required", "type": "definition", "offset": [1580, 1591]}, {"key": "of-landlord", "type": "clause", "offset": [1605, 1616]}, {"key": "at-tenant", "type": "definition", "offset": [1626, 1635]}, {"key": "the-request", "type": "clause", "offset": [1687, 1698]}, {"key": "from-time-to-time", "type": "clause", "offset": [1711, 1728]}, {"key": "to-landlord", "type": "clause", "offset": [1755, 1766]}, {"key": "copies-of", "type": "definition", "offset": [1767, 1776]}, {"key": "documents-filed", "type": "clause", "offset": [1781, 1796]}, {"key": "protection-of", "type": "definition", "offset": [1955, 1968]}, {"key": "other-meetings", "type": "clause", "offset": [1983, 1997]}, {"key": "relating-to", "type": "definition", "offset": [1998, 2009]}, {"key": "additional-information", "type": "definition", "offset": [2141, 2163]}, {"key": "to-tenant", "type": "clause", "offset": [2173, 2182]}, {"key": "by-landlord", "type": "clause", "offset": [2252, 2263]}, {"key": "provide-information", "type": "clause", "offset": [2367, 2386]}, {"key": "environmental-legal-requirement", "type": "definition", "offset": [2469, 2500]}, {"key": "determination-of-applicability", "type": "definition", "offset": [2509, 2539]}, {"key": "applicability-of", "type": "clause", "offset": [2544, 2560]}, {"key": "within-thirty", "type": "clause", "offset": [2571, 2584]}, {"key": "lease-execution", "type": "clause", "offset": [2598, 2613]}, {"key": "deliver-to", "type": "definition", "offset": [2614, 2624]}, {"key": "an-affidavit", "type": "clause", "offset": [2634, 2646]}, {"key": "during-the-lease-term", "type": "clause", "offset": [2690, 2711]}, {"key": "sic-number", "type": "clause", "offset": [2717, 2727]}], "hash": "59216a5d04bafb89470776a1883febb0", "id": 1}, {"samples": [{"hash": "eQxDp72AZOu", "uri": "/contracts/eQxDp72AZOu#isra", "label": "Sublease (Roka BioScience, Inc.)", "score": 25.4626960754, "published": true}, {"hash": "ige7brI8wOW", "uri": "/contracts/ige7brI8wOW#isra", "label": "Sublease (Roka BioScience, Inc.)", "score": 25.0602321625, "published": true}], "size": 4, "snippet": "If Tenant\u2019s operations at the Premises now or hereafter constitute an \u201cIndustrial Establishment\u201d (as defined under ISRA) or are subject to the provisions of any other Environmental Law, then Tenant agrees to comply, at its sole cost and expense, with all requirements of ISRA and any other applicable Environmental Law to the satisfaction of the governmental entity, department or agency having jurisdiction over such matters (including, but not limited to, performing site investigations and performing any removal and remediation required in connection therewith) in connection with (i) the occurrence of the Termination Date, (ii) any termination of this Lease prior to the Termination Date, (iii) any closure, transfer or consolidation of Tenant\u2019s operations at the Premises, (iv) any change in the ownership or control of Tenant, (iv) any permitted assignment of this Lease or permitted sublease of all or part of the Premises or (v) any other action by Tenant which triggers ISRA or any other Environmental Law.", "snippet_links": [{"key": "if-tenant", "type": "clause", "offset": [0, 9]}, {"key": "the-premises", "type": "clause", "offset": [26, 38]}, {"key": "industrial-establishment", "type": "definition", "offset": [71, 95]}, {"key": "the-provisions-of", "type": "clause", "offset": [139, 156]}, {"key": "tenant-agrees-to", "type": "clause", "offset": [191, 207]}, {"key": "cost-and-expense", "type": "clause", "offset": [228, 244]}, {"key": "all-requirements", "type": "clause", "offset": [251, 267]}, {"key": "applicable-environmental-law", "type": "definition", "offset": [290, 318]}, {"key": "satisfaction-of", "type": "clause", "offset": [326, 341]}, {"key": "governmental-entity", "type": "definition", "offset": [346, 365]}, {"key": "department-or-agency", "type": "definition", "offset": [367, 387]}, {"key": "not-limited", "type": "clause", "offset": [442, 453]}, {"key": "site-investigations", "type": "clause", "offset": [469, 488]}, {"key": "removal-and-remediation", "type": "clause", "offset": [508, 531]}, {"key": "in-connection-with", "type": "clause", "offset": [566, 584]}, {"key": "termination-of-this-lease", "type": "clause", "offset": [638, 663]}, {"key": "prior-to-the-termination-date", "type": "clause", "offset": [664, 693]}, {"key": "control-of-tenant", "type": "clause", "offset": [816, 833]}, {"key": "assignment-of", "type": "clause", "offset": [854, 867]}, {"key": "permitted-sublease", "type": "definition", "offset": [882, 900]}, {"key": "action-by-tenant", "type": "clause", "offset": [949, 965]}], "hash": "344e4c1e07c4ed045ccb077694d19687", "id": 3}, {"samples": [{"hash": "9cb7tZRun4w", "uri": "/contracts/9cb7tZRun4w#isra", "label": "Sale and Purchase Agreement (NuStar Energy L.P.)", "score": 21.0, "published": true}, {"hash": "8xlJwmetYx2", "uri": "/contracts/8xlJwmetYx2#isra", "label": "Sale and Purchase Agreement (NuStar GP Holdings, LLC)", "score": 21.0, "published": true}], "size": 5, "snippet": "(a) Seller shall comply with all obligations imposed by ISRA prior to Closing. Such obligations shall include, without limitation, preparation and submission, within the timeframes established by ISRA and the regulations promulgated pursuant to ISRA, any and all filings required by the NJDEP to allow the transaction to proceed under ISRA, including a General Information Notice as defined in ISRA but excluding the ISRA-related documents to be prepared and submitted to NJDEP by Buyer pursuant to Section 5.10(b). Seller shall provide Buyer drafts of such documents three (3) Business Days prior to submitting such documents to NJDEP. Seller and Buyer shall each work together to reach agreement on such documents prior to submittal of such documents to NJDEP by Seller.\n(b) Notwithstanding the provisions of Section 5.10(a) above, Buyer shall make timely application for a Remediation Agreement, or if there is an existing Remediation Agreement applicable to the Paulsboro Refinery, an Amendment to that Remediation Agreement designating Buyer as the responsible party under the Remediation Agreement and which, once executed, allows the parties hereto to complete the transactions contemplated by this Agreement pursuant to the requirements of ISRA. Buyer shall provide Seller drafts of such documents ten (10) days prior to submitting such documents to NJDEP and Seller and Buyer shall each work together to reach agreement on such documents prior to submittal of such documents to NJDEP by Buyer. Buyer shall submit the Remediation Agreement to NJDEP for approval at least fifteen (15) Business Days prior to the Closing. Except for Buyer\u2019s costs to prepare and submit such documents to the NJDEP, Buyer\u2019s costs and expenses that relate to the Remediation Agreement or any remediation activity conducted pursuant to ISRA and this Agreement shall be considered costs and expenses for conditions that existed at the Transferred Assets prior to the Effective Time and shall apply to Buyer\u2019s rights of indemnification pursuant to Section 10.2(b).\n(c) Buyer shall be responsible for and shall establish and maintain a Remediation Funding Source as NJDEP may require in accordance with N.J.A.C. 7:26C-7.\n(d) Seller shall assist and fully cooperate with, in a prompt and timely manner, Buyer\u2019s reasonable requests in connection with satisfying the terms of any such Remediation Agreement and performing any obligations under or complying with all other directives, orders or requirements of ISRA relating to the Transferred Assets.\n(e) As the designated responsible party in the Remediation Agreement, Buyer shall perform all necessary work in order to satisfy the terms of the Remediation Agreement. If NJDEP fails to designate Buyer as the responsible party in the Remediation Agreement and Seller remains the person responsible for ISRA compliance, Buyer shall assume all of Seller\u2019s obligations and responsibilities as if designated the responsible party in the Remediation Agreement. Buyer shall cooperate fully with Seller regarding Seller\u2019s performance of said ISRA obligations Upon request, Buyer shall supply Seller with copies of all reports or other documentation related to the Remediation Agreement or other environmental obligations of Seller related to ISRA. If Buyer fails to perform hereunder, Seller shall have the right, upon written notice to Buyer, to undertake such actions that are necessary or appropriate to comply with ISRA and Buyer shall reimburse Seller for all Seller\u2019s costs and expenses in undertaking such remedy, including, without limitation, Seller\u2019s costs and expenses associated with Buyer\u2019s failure to promptly fulfill its obligations under this Section 5.10 including Buyer\u2019s obligations to comply with all ISRA requirements related thereto. If related to this Section 5.10 ISRA and Buyer\u2019s failure to perform hereunder, Seller\u2019s costs shall include, without limitation, any fines and penalties imposed by Governmental Authority on Seller and Seller\u2019s attorney and consultant costs to defend against allegations of such non-compliance.", "snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [4, 16]}, {"key": "comply-with", "type": "definition", "offset": [17, 28]}, {"key": "all-obligations", "type": "clause", "offset": [29, 44]}, {"key": "prior-to-closing", "type": "definition", "offset": [61, 77]}, {"key": "obligations-shall", "type": "definition", "offset": [84, 101]}, {"key": "without-limitation", "type": "clause", "offset": [111, 129]}, {"key": "preparation-and-submission", "type": "clause", "offset": [131, 157]}, {"key": "the-regulations", "type": "clause", "offset": [205, 220]}, {"key": "required-by", "type": "definition", "offset": [271, 282]}, {"key": "to-allow-the", "type": "clause", "offset": [293, 305]}, {"key": "general-information-notice", "type": "definition", "offset": [353, 379]}, {"key": "but-excluding", "type": "clause", "offset": [399, 412]}, {"key": "be-prepared", "type": "clause", "offset": [443, 454]}, {"key": "by-buyer", "type": "clause", "offset": [478, 486]}, {"key": "pursuant-to-section", "type": "definition", "offset": [487, 506]}, {"key": "days-prior", "type": "definition", "offset": [587, 597]}, {"key": "seller-and-buyer-shall", "type": "clause", "offset": [637, 659]}, {"key": "by-seller", "type": "clause", "offset": [762, 771]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [793, 818]}, {"key": "timely-application", "type": "clause", "offset": [851, 869]}, {"key": "remediation-agreement", "type": "definition", "offset": [876, 897]}, {"key": "applicable-to", "type": "definition", "offset": [948, 961]}, {"key": "paulsboro-refinery", "type": "definition", "offset": [966, 984]}, {"key": "amendment-to", "type": "definition", "offset": [989, 1001]}, {"key": "the-responsible", "type": "clause", "offset": [1050, 1065]}, {"key": "once-executed", "type": "clause", "offset": [1115, 1128]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1137, 1155]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [1168, 1215]}, {"key": "the-requirements", "type": "clause", "offset": [1228, 1244]}, {"key": "agreement-to", "type": "definition", "offset": [1538, 1550]}, {"key": "for-approval", "type": "definition", "offset": [1557, 1569]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [1606, 1626]}, {"key": "except-for-buyer", "type": "clause", "offset": [1628, 1644]}, {"key": "costs-and-expenses", "type": "clause", "offset": [1712, 1730]}, {"key": "relate-to", "type": "definition", "offset": [1736, 1745]}, {"key": "agreement-or", "type": "definition", "offset": [1762, 1774]}, {"key": "remediation-activity", "type": "definition", "offset": [1779, 1799]}, {"key": "transferred-assets", "type": "definition", "offset": [1920, 1938]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [1939, 1966]}, {"key": "rights-of-indemnification", "type": "clause", "offset": [1994, 2019]}, {"key": "responsible-for", "type": "clause", "offset": [2068, 2083]}, {"key": "establish-and-maintain", "type": "clause", "offset": [2094, 2116]}, {"key": "remediation-funding-source", "type": "definition", "offset": [2119, 2145]}, {"key": "in-accordance-with", "type": "definition", "offset": [2167, 2185]}, {"key": "cooperate-with", "type": "clause", "offset": [2238, 2252]}, {"key": "timely-manner", "type": "clause", "offset": [2270, 2283]}, {"key": "reasonable-requests", "type": "clause", "offset": [2293, 2312]}, {"key": "in-connection-with", "type": "clause", "offset": [2313, 2331]}, {"key": "the-terms", "type": "definition", "offset": [2343, 2352]}, {"key": "complying-with", "type": "clause", "offset": [2427, 2441]}, {"key": "relating-to", "type": "definition", "offset": [2495, 2506]}, {"key": "designated-responsible-party", "type": "definition", "offset": [2542, 2570]}, {"key": "in-order-to", "type": "clause", "offset": [2640, 2651]}, {"key": "terms-of-the", "type": "clause", "offset": [2664, 2676]}, {"key": "isra-compliance", "type": "definition", "offset": [2834, 2849]}, {"key": "all-of-seller", "type": "definition", "offset": [2870, 2883]}, {"key": "obligations-and-responsibilities", "type": "clause", "offset": [2886, 2918]}, {"key": "if-designated", "type": "clause", "offset": [2922, 2935]}, {"key": "regarding-seller", "type": "clause", "offset": [3028, 3044]}, {"key": "upon-request", "type": "clause", "offset": [3084, 3096]}, {"key": "copies-of-all", "type": "definition", "offset": [3129, 3142]}, {"key": "other-documentation", "type": "definition", "offset": [3154, 3173]}, {"key": "related-to", "type": "definition", "offset": [3174, 3184]}, {"key": "obligations-of-seller", "type": "clause", "offset": [3234, 3255]}, {"key": "the-right", "type": "clause", "offset": [3328, 3337]}, {"key": "notice-to-buyer", "type": "definition", "offset": [3352, 3367]}, {"key": "associated-with", "type": "definition", "offset": [3605, 3620]}, {"key": "isra-requirements", "type": "clause", "offset": [3746, 3763]}, {"key": "failure-to-perform", "type": "clause", "offset": [3830, 3848]}, {"key": "fines-and-penalties", "type": "clause", "offset": [3914, 3933]}, {"key": "governmental-authority", "type": "definition", "offset": [3945, 3967]}, {"key": "seller-and-seller", "type": "clause", "offset": [3971, 3988]}, {"key": "consultant-costs", "type": "definition", "offset": [4004, 4020]}], "hash": "886e79383ea17d523e76e297916f4d7e", "id": 2}, {"samples": [{"hash": "xsWylGBEG9", "uri": "/contracts/xsWylGBEG9#isra", "label": "Merger Agreement (Treasure Mountain Holdings Inc)", "score": 18.0, "published": true}, {"hash": "8cIpsBFbrzP", "uri": "/contracts/8cIpsBFbrzP#isra", "label": "Merger Agreement (Kimberlin Kevin)", "score": 18.0, "published": true}, {"hash": "56zEMMR9q57", "uri": "/contracts/56zEMMR9q57#isra", "label": "Merger Agreement (Treasure Mountain Holdings Inc)", "score": 18.0, "published": true}], "size": 3, "snippet": "Vyteris' shall have obtained either (i) a written determination (based upon an affidavit of Vyteris) from the New Jersey Department of Environmental Protection (\"NJDEP\") that the transactions contemplated by this Agreement are not subject to the requirements of ISRA, or (ii) a Remediation Agreement (in form and substance satisfactory to Vyteris) issued by the NJDEP pursuant to ISRA authorizing the consummation of the transactions contemplated hereby prior to the issuance of any \"Negative Declaration,\" \"No Further Action Letter\" or approval of any \"Remedial Action Workplan,\" as such terms are defined under ISRA, or (iii) a \"Negative Declaration\" or approvals of any \"Remedial Action Workplan\" (in either case in form and substance satisfactory to Vyteris) with respect to each property in New Jersey which Vyteris owns or operates, in each case to the extent that such property renders the provisions of ISRA applicable to the transactions contemplated by this Agreement. Compliance with the provisions of Sections 11.2, 11.3 and 11.4, shall be certified to at the Closing of the Merger on behalf of Treasure Mountain and Vyteris Mergerco by the President and Secretary of Treasure Mountain.", "snippet_links": [{"key": "written-determination", "type": "clause", "offset": [42, 63]}, {"key": "affidavit-of", "type": "clause", "offset": [79, 91]}, {"key": "department-of-environmental-protection", "type": "clause", "offset": [121, 159]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [175, 222]}, {"key": "the-requirements", "type": "clause", "offset": [242, 258]}, {"key": "remediation-agreement", "type": "definition", "offset": [278, 299]}, {"key": "form-and-substance", "type": "clause", "offset": [304, 322]}, {"key": "issued-by", "type": "definition", "offset": [348, 357]}, {"key": "pursuant-to", "type": "clause", "offset": [368, 379]}, {"key": "consummation-of-the-transactions", "type": "clause", "offset": [401, 433]}, {"key": "contemplated-hereby", "type": "clause", "offset": [434, 453]}, {"key": "prior-to-the-issuance-of", "type": "clause", "offset": [454, 478]}, {"key": "negative-declaration", "type": "definition", "offset": [484, 504]}, {"key": "no-further-action-letter", "type": "clause", "offset": [508, 532]}, {"key": "approval-of", "type": "definition", "offset": [537, 548]}, {"key": "remedial-action-workplan", "type": "definition", "offset": [554, 578]}, {"key": "with-respect-to", "type": "clause", "offset": [763, 778]}, {"key": "in-new-jersey", "type": "clause", "offset": [793, 806]}, {"key": "each-case", "type": "definition", "offset": [842, 851]}, {"key": "to-the-extent", "type": "clause", "offset": [852, 865]}, {"key": "the-provisions-of", "type": "clause", "offset": [893, 910]}, {"key": "applicable-to", "type": "definition", "offset": [916, 929]}, {"key": "compliance-with-the", "type": "clause", "offset": [979, 998]}, {"key": "the-closing-of-the-merger", "type": "clause", "offset": [1068, 1093]}, {"key": "on-behalf-of", "type": "definition", "offset": [1094, 1106]}, {"key": "the-president-and-secretary", "type": "clause", "offset": [1149, 1176]}], "hash": "4b23e6a44c1c9d8f3efbf7ae846caa5a", "id": 5}, {"samples": [{"hash": "cfRVOq4NsAN", "uri": "/contracts/cfRVOq4NsAN#isra", "label": "Investment and Purchase Agreement (Covanta Energy Corp)", "score": 18.0, "published": true}, {"hash": "cPIIPdGl3bU", "uri": "/contracts/cPIIPdGl3bU#isra", "label": "Investment and Purchase Agreement (Danielson Holding Corp)", "score": 18.0, "published": true}], "size": 4, "snippet": "Company shall seek a determination from the New Jersey Department of Environmental Protection (\"NJDEP\") that the Industrial Site Recovery Act, N.J.", "snippet_links": [{"key": "department-of-environmental-protection", "type": "clause", "offset": [55, 93]}, {"key": "industrial-site-recovery-act", "type": "clause", "offset": [113, 141]}], "hash": "55f31cac77e37ca5d1ff07f078a76c4c", "id": 4}, {"samples": [{"hash": "j6Gg8xEWRkw", "uri": "/contracts/j6Gg8xEWRkw#isra", "label": "Merger Agreement (Fulton Financial Corp)", "score": 21.0, "published": true}, {"hash": "hXbqDNoJBBc", "uri": "/contracts/hXbqDNoJBBc#isra", "label": "Merger Agreement (Lakeland Bancorp Inc)", "score": 21.0, "published": true}, {"hash": "a6g1rOM9b4D", "uri": "/contracts/a6g1rOM9b4D#isra", "label": "Merger Agreement (First Washington Financial Corp)", "score": 21.0, "published": true}], "size": 3, "snippet": "The Company, at its sole cost and expense, shall obtain, prior to the Effective Time, either (i) a written determination (based upon an affidavit from the Company that is approved by the Parent prior to its submission to the New Jersey Department of Environmental Protection (\u201cNJDEP\u201d)) from the NJDEP that the transactions contemplated by, or the properties subject to, this Agreement are not subject to the requirements of ISRA, or (ii) a Remediation Agreement (in form and substance satisfactory to Parent) issued by the NJDEP pursuant to ISRA authorizing the consummation of the transactions contemplated by this Agreement prior to the issuance of any \u201cNegative Declaration,\u201d \u201cNo Further Action Letter\u201d or approval of any \u201cRemedial Action Workplan,\u201d as such terms are defined under ISRA, or (iii) a \u201cNegative Declaration\u201d or approvals of any \u201cRemedial Action Workplan\u201d (in either case in form and substance satisfactory to the Parent) with respect to each property in New Jersey which the Company or any of its Subsidiaries owns or operates, in each case to the extent that such property renders the provisions of ISRA applicable to the transactions contemplated by this Agreement. 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The Company will obtain and maintain a \u201cRemediation Funding Source,\u201d as such term is defined under BCSRA, or other financial assurance in form and amount approvable by the LSRP and the NJDEP as required in furtherance of the Company\u2019s obligations under this Section 6.19.", "snippet_links": [{"key": "cost-and-expense", "type": "clause", "offset": [25, 41]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [57, 84]}, {"key": "written-opinion", "type": "clause", "offset": [99, 114]}, {"key": "an-affidavit", "type": "clause", "offset": [144, 156]}, {"key": "from-the-company", "type": "clause", "offset": [157, 173]}, {"key": "by-parent", "type": "clause", "offset": [191, 200]}, {"key": "the-properties", "type": "definition", "offset": [244, 258]}, {"key": "the-requirements", "type": "clause", "offset": [305, 321]}, {"key": "remediation-certification", "type": "definition", "offset": [341, 366]}, {"key": "form-and-substance", "type": "clause", "offset": [371, 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"uri": "/contracts/bACKpOshX8J#isra", "label": "Merger Agreement (Veeco Instruments Inc)", "score": 36.7481193542, "published": true}], "size": 3, "snippet": "Axcelis and Veeco shall consult with each other to determine whether ISRA will be triggered by the Transactions and Veeco shall obtain Axcelis\u2019s agreement on whether ISRA applies prior to making any submittals under ISRA. Should the parties determined that ISRA does apply, (i) Veeco shall promptly and timely make any necessary filings which are the obligation of the selling party under ISRA and (ii) Axcelis shall have the opportunity to review and comment in advance on any ISRA filings, which reasonable comments shall be incorporated by Veeco in good faith. Veeco or one of its Subsidiaries shall be identified on any required ISRA filings as the party responsible for conducting any ISRA investigations and remediation and for satisfying any financial assurance obligations under ISRA. In no event shall the satisfaction of any obligations under ISRA be a condition to any party\u2019s obligations under this Agreement.", "snippet_links": [{"key": "determine-whether", "type": "clause", "offset": [51, 68]}, {"key": "the-transactions", "type": "clause", "offset": [95, 111]}, {"key": "prior-to", "type": "definition", "offset": [179, 187]}, {"key": "the-parties", "type": "definition", "offset": [229, 240]}, {"key": "promptly-and-timely", "type": "definition", "offset": [290, 309]}, {"key": "necessary-filings", "type": "clause", "offset": [319, 336]}, {"key": "selling-party", "type": "clause", "offset": [369, 382]}, {"key": "review-and-comment", "type": "clause", "offset": [441, 459]}, {"key": "in-advance", "type": "clause", "offset": [460, 470]}, {"key": "incorporated-by", "type": "clause", "offset": [527, 542]}, {"key": "in-good-faith", "type": "definition", "offset": [549, 562]}, {"key": "responsible-for", "type": "clause", "offset": [659, 674]}, {"key": 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subject to ISRA, (a) Company shall have obtained a letter of non-applicability from the NJDEP or (b) if ISRA is applicable to one or more of such Facilities, with respect to each such Facility, Company shall have obtained an approval of a Remedial Action Workplan (as such term is defined by ISRA) from the NJDEP, entered into a Remediation Agreement (as such term is defined by ISRA) with the NJDEP or obtained such other approval as authorized by ISRA to allow for the closing of this transaction.", "snippet_links": [{"key": "subject-to", "type": "clause", "offset": [40, 50]}, {"key": "letter-of", "type": "definition", "offset": [91, 100]}, {"key": "applicable-to", "type": "definition", "offset": [152, 165]}, {"key": "with-respect-to", "type": "clause", "offset": [198, 213]}, {"key": "approval-of", "type": "definition", "offset": [265, 276]}, {"key": "remedial-action-workplan", "type": "definition", "offset": [279, 303]}, {"key": "entered-into", "type": "clause", "offset": [354, 366]}, 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["counterparts", "Counterparts"]], "id": "isra", "related": [["environmental-and-safety-laws", "Environmental and Safety Laws", "Environmental and Safety Laws"], ["environmental-health-and-safety-laws", "Environmental, Health and Safety Laws", "Environmental, Health and Safety Laws"], ["environmental-health-and-safety", "Environmental Health and Safety", "Environmental Health and Safety"], ["environmental-health-and-safety-matters", "Environmental, Health and Safety Matters", "Environmental, Health and Safety Matters"], ["environmental-and-safety-matters", "Environmental and Safety Matters", "Environmental and Safety Matters"]], "related_snippets": [], "updated": "2026-08-07T06:02:21+00:00", "also_ask": ["What are the essential elements that must be included in an ISRA clause to ensure compliance and minimize liability?", "How can parties strategically allocate environmental investigation and remediation responsibilities under ISRA during negotiations?", "What are the most common pitfalls or fatal flaws in ISRA drafting that could expose parties to regulatory or financial risk?", "How does the enforceability of ISRA obligations compare to similar environmental statutes in other jurisdictions?", "What are the key factors courts consider when determining if an ISRA clause is enforceable in a dispute?"], "drafting_tip": "Define ISRA explicitly to avoid interpretive disputes; specify its application scope to ensure enforceability; reference relevant laws to maintain legal compliance.", "explanation": "The ISRA (Information Security Requirements Addendum) clause establishes specific obligations and standards for protecting sensitive information shared between parties. It typically outlines the technical and organizational measures that must be implemented, such as encryption, access controls, and incident response protocols, and may require regular audits or compliance with recognized security frameworks. By clearly defining these requirements, the ISRA clause helps ensure that confidential data is safeguarded and reduces the risk of data breaches or unauthorized disclosures."}, "json": true, "cursor": ""}}