Storage Tank Clause Samples
A Storage Tank clause defines the terms and conditions related to the use, maintenance, and responsibility for storage tanks within the scope of an agreement. It typically outlines who owns or operates the tank, requirements for inspection and maintenance, and procedures for addressing leaks or contamination. For example, the clause may specify that the lessee is responsible for regular inspections and for promptly reporting any issues. The core function of this clause is to allocate responsibility and mitigate risks associated with the storage and handling of potentially hazardous materials.
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Storage Tank. To Seller's knowledge, Schedule 4.23, ------------ together with the Environmental Assessments to be delivered, sets out the past and present underground and above ground tanks at the Facilities.
Storage Tank. The Aluminum Sulfate shall be delivered and transferred into two (2) Manatee County Water Treatment Plant storage tanks. Tanks are 20,000-gallon capacity ASME grade and have inter-connecting piping to allow for storage/usage flexibility.
Storage Tank. The anhydrous ammonia shall be delivered and transferred into two
Storage Tank. The Sellers, at their cost, shall register the 12,000 gallon underground storage tank ("UST") located at the Hospital with KDP Underground Storage Tank Branch, conduct intrusive testing at the site of the UST, shall remove the UST from the Real Property and take appropriate remedial actions with respect to the UST and shall replace the UST with an above-ground 12,000 gallon storage tank suitable for storage of fuel oil or diesel, all prior to Closing. This is a condition to the Buyer's obligation to close the transaction. To the extent such actions have not been taken or paid for by Sellers as of Closing, and Buyer, in its sole discretion, is willing to proceed with the Closing, the cost of same shall be included in the Environmental Remedial Cost.
Storage Tank. Except as set forth on Schedule 4.24, there is not now and has not been at any time in the past any underground or above-ground storage tank at any Facility where the installation, use, maintenance, repair, testing, closure or removal of such tank was not in compliance with all Environmental Laws and there has been no Release from or rupture of any such tank, including without limitation any Release from or in connection with the filling or emptying of such tank.