Closing Operations definition

Closing Operations means[, unless otherwise provided at N.J.A.C. 7:26B-2.4]:
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Closing Operations. (as defined in ISRA) at the Premises (said conditions (i) through (v) each being a "TRIGGERING EVENT"), regardless of whether such Triggering Event is caused by Landlord or Tenant, or any other tenant of the Building, Tenant, as its sole expense, shall comply with all requirements of ISRA pertaining to Closing Operations or Transferring Ownership or Operations of an Industrial Establishment. Without limitation of the foregoing, Tenant's obligations shall include (i) the proper and timely filing of an initial notice to the DEP and all other parties entitled to notice under ISRA, when and as required under ISRA, (ii) the performance of any "Preliminary Assessment," "Site Investigation," "Remedial Investigation," or "Remedial Action" (all as defined in ISRA) as required by the DEP, and (iii) either obtaining the approval of a "Negative Declaration" (as defined in ISRA) by the DEP or performing a proper and approved "Remedial Action Workplan" (as defined in ISRA) to the satisfaction of the DEP and Landlord. In the event that an approved Remedial Action Workplan is authorized by the DEP, Tenant further agrees that it shall, at its sole cost and expense: (a) secure remediation financing, including, without limitation, posting any financial guarantee or other bond required by the DEP or Landlord, in amounts sufficient to fully implement and complete such Remedial Action Workplan; and (b) promptly and diligently implement and prosecute same to completion, in accordance with the schedules and criteria contained therein or as may otherwise be ordered or directed by the DEP. Tenant expressly understands, acknowledges and agrees that Tenant's compliance with the provisions of this Section 8.7 may require Tenant to expend funds or do acts
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Closing Operations. (as defined in ISRA) at the Premises, or (v) "Transferring Ownership or Operations" (as defined in ISRA) with respect to the Premises (said conditions (i) through (v) each being a "TRIGGERING EVENT"), regardless of whether such Triggering Event is caused by Landlord or Tenant, or any other tenant of the Building, Tenant, at its sole expense, shall comply with all requirements of ISRA pertaining to Closing Operations or Transferring Ownership or Operations of an Industrial Establishment. Without
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Examples of Closing Operations in a sentence

  • Except as otherwise provided in Section 2.01, ESI shall be responsible for preparing and filing all Tax Returns pertaining to ESI Tax Liabilities, including Pre-Closing Operations and Post- Closing Operations, and for paying all ESI Tax Liabilities with respect to such returns.

  • Following the Closing, Operations covenants and agrees, upon the request of MHC Inc.

Related to Closing Operations

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.

  • Farming operation means raising, cultivating, propagating, fattening, grazing, or any other farming, livestock, or aquacultural operation.

  • Mining Operations means obtaining or extracting any mineral by any mode or method or any purpose directly or indirectly connected therewith or incidental thereto, including—

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).