Environmental Concerns definition

Environmental Concerns. To the best of Seller's knowledge, there are no hazardous substances or underground storage tanks unless otherwise noted in Purchase Agreement. Seller gives Buyer the right to have the property tested for radon gas, mold, or any other environmental concerns at Buyer's expense, if defined on a separate addendum to this Purchase Agreement. ARBITRATION: Optional and voluntary residential real property arbitration may be an option if a dispute arises out of this real estate transaction. This option must be agreed to by all parties. If you are interested, information may be obtained from licensee.
Sample 1Sample 2Sample 3
Environmental Concerns means the actual or reasonably suspected presence of Hazardous Materials outside of any Storage Tank System on the Property, any Release of Hazardous Material from any Storage Tank System onto, in or from the Property, or any Environmental Claims with respect to the Property which in all the circumstances, including, without limitation, the availability of insurance and UST funds and remediation and other relevant obligations of Seller under the Lease and other persons thereunder or elsewhere would reasonably be expected to (i) give rise to material liability to Buyer under Environmental Laws, including, without limitation, common law theories of recovery, or (ii) present material likely or actual restrictions on the current or reasonably anticipated use of any Property. [***] Redacted in accordance with applicable practice with the Autorité des marchés financiers (Québec Securities Commission)
Sample 1
Environmental Concerns. The Effects of Trade and NAFTA's Rules Some environmental groups have argued that NAFTA's rules on investment, as specified in Chapter 11 of the agreement, are flawed. With a few excep- tions, Article 1110 of Chapter 11 prohibits each NAFTA country from “directly or indirectly taking any actions that nationalize or expropriate the invest- ment of an investor” from another NAFTA country. Fourteen environmental groups have criticized these rules and argued against the adoption of similar language in other multilateral agreements (Downs, 1999). Their concern is that NAFTA's rules allowing firms to sue member governments for compensation for “expropriation of an investment” limit a country's ability to enact and enforce strict environmental laws. A frequently cited case involves the Canadian government's revocation of restraints imposed on the importation and trade of MMT (methylcyclopentadi- enyl manganese tricarbonyl), a U.S.-made, allegedly toxic, gas additive. The revocation was made on July and Millimet, 2000). Another concern is that increased agricultural trade among the NAFTA countries may increase the risk of introducing harmful non-indigenous species (HNIS) and diseases to new countries and new geographic areas. An estimated 40 percent of the insect-pest species (e.g. Russian wheat aphids and Asian Gypsy moths) afflicting U.S. agriculture and 50-75 percent of the weed species (e.g. knapweeds and cheatgrass/medusahead) are not indigenous to the United States (U.S. Congress, 1995). The costs of HNIS are undoubtedly significant, in terms of increased pesticide expenditures and altered if not irrevocably damaged ecosystems. However, the difficulty in measuring these costs makes it extremely challenging to determine what standards should be set for import screening. A standard of “zero entry” would be prohibitively expensive, while standards that are too lax could expose individual agricultural producers and the natural environment to unacceptable risks. Of course, HNIS can be introduced via non-agricultural trade and tourism as well. To safeguard against HNIS, USDA's Animal and Plant Health Inspection Service (APHIS) operates agricul- tural quarantine inspections at international airports, seaports, and border stations. The important policy question then is whether current inspection standards and devoted resources are appropriate given the increasing level of trade among the NAFTA countries. Agricultural trade is a significant component of overall NAFTA...
Sample 1

Examples of Environmental Concerns in a sentence

  • Kaur,T.N.(1999), Environmental Concerns & Strategies, New Delhi: Ashish Publication House.Laeeq Futehally (1994) Our Environment.

  • State and Federal Agencies responsible for: • Sales Tax • Weights & Measurements • Environmental Concerns • Measurement Standards; etc.

  • Social and Environmental Concerns Investments are encouraged in entities that support community well-being through safe and environmentally sound practices and fair labor practices.

  • Principal Environmental Concerns The principal concern associated with these activities is the potential for erosion due to exposed soil areas and the associated sediment-laden runoff effects on water quality, aquatic ecosystems and environmentally sensitive areas.

  • There are no Recognized Environmental Concerns requiring remediation on this project.

  • Ondov, John M., "Cascade Impactors in the Chemical and Physical Characterization of Coal-Combustion Aerosol Particles", Chapter 25 of Fossil Fuels Utilization: Environmental Concerns, 1986.

  • Principal Environmental Concerns There is concern for aquatic species due to direct mortality and loss of aquatic habitat.

  • In: Aldo Chircop and Olof Linden (Eds.) Places of Refuge for Ships: Emerging Environmental Concerns of a Maritime Custom.

  • Environmental Concerns." Connie, the president of a company that makes paper, has a new interest in the environment.

  • Environmental Concerns: The University of South Carolina Sumter is committed to environmental protective measures for land, water, and air resources.


More Definitions of Environmental Concerns

Environmental Concerns means the actual or reasonably suspected presence or Release of Hazardous Materials, Storage Tank Systems, and Environmental Claims as well as any instance of noncompliance with Environmental Standards or Environmental Laws, which (i) may reasonably give rise to material liability to RI under Environmental Standards and Environmental Laws or common law theories of recovery, or (ii) present material potential or actual restrictions on the use and development opportunities for a Property.
Sample 1

Related to Environmental Concerns

  • Environmental Conditions means any conditions of the environment, including, without limitation, the work place, the ocean, natural resources (including flora or fauna), soil, surface water, ground water, any actual or potential drinking water supply sources, substrata or the ambient air, relating to or arising out of, or caused by the use, handling, storage, treatment, recycling, generation, transportation, Release or threatened Release or other management or mismanagement of Regulated Substances resulting from the use of, or operations on, the Property.

  • Environmental Condition means any condition or circumstance, including the presence of Hazardous Substances which does or would (i) require assessment, investigation, abatement, correction, removal or remediation under any Environmental Law, (ii) give rise to any civil or criminal Liability under any Environmental Law, (iii) create or constitute a public or private nuisance or (iv) constitute a violation of or non-compliance with any Environmental Law.

  • Adverse Environmental Condition means (i) the existence or the continuation of the existence, of an Environmental Contamination (including, without limitation, a sudden or non-sudden accidental or non-accidental Environmental Contamination), of, or exposure to, any substance, chemical, material, pollutant, Hazardous Substance, odor or audible noise or other release or emission in, into or onto the environment (including without limitation, the air, ground, water or any surface) at, in, by, from or related to any Equipment, (ii) the environmental aspect of the transportation, storage, treatment or disposal of materials in connection with the operation of any Equipment, or (iii) the violation, or alleged violation, of any Environmental Law, permits or licenses of, by or from any governmental authority, agency or court relating to environmental matters connected with any of the Equipment.

  • Materials of Environmental Concern any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental Law, including asbestos, polychlorinated biphenyls and urea-formaldehyde insulation.

  • Environmental Contamination means each of the following and their consequences:

  • Material of Environmental Concern means and includes pollutants, contaminants, hazardous wastes, and toxic, radioactive, caustic or otherwise hazardous substances, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics.

  • Environmental Problem Property A Mortgaged Property or REO Property that is in violation of any environmental law, rule or regulation.

  • Environmental Costs any and all costs or expenses (including attorney’s and consultant’s fees, investigation and laboratory fees, response costs, court costs and litigation expenses, fines, penalties, damages, settlement payments, judgments and awards), of whatever kind or nature, known or unknown, contingent or otherwise, arising out of, or in any way relating to, any actual or alleged violation of, noncompliance with or liability under any Environmental Laws. Environmental Costs include any and all of the foregoing, without regard to whether they arise out of or are related to any past, pending or threatened proceeding of any kind.

  • Environmental Clean-up Site means any location which is listed or proposed for listing on the National Priorities List, the Comprehensive Environmental Response, Compensation and Liability Information System, or on any similar state list of sites relating to investigation or cleanup, or which is the subject of any pending or threatened action, suit, proceeding, or investigation related to or arising from any location at which there has been a Release or threatened or suspected Release of a Hazardous Material.

  • Environmental Complaint shall have the meaning set forth in Section 4.19(d) hereof.

  • Environmental Loss means any loss, cost, damage, liability, deficiency, fine, penalty or expense (including, without limitation, reasonable attorneys' fees, engineering and other professional or expert fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily incurred) and damages to, loss of the use of or decrease in value of the Equipment arising out of or related to any Adverse Environmental Condition.

  • Environmental Harm means serious or material environmental harm or environmental nuisance as defined in the Environmental Protection Xxx 0000 (Qld);

  • Environmental Requirement means any Environmental Law, agreement or restriction, as the same now exists or may be changed or amended or come into effect in the future, which pertains to any Hazardous Material or the environment including ground or air or water or noise pollution or contamination, and underground or aboveground tanks.

  • Environmental Liabilities means all liabilities, monetary obligations, losses, damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand, or Remedial Action required, by any Governmental Authority or any third party, and which relate to any Environmental Action.

  • Environmental Losses means all costs and expenses of any kind, damages, including foreseeable and unforeseeable consequential damages, fines and penalties incurred in connection with any violation of and compliance with Environmental Requirements and all losses of any kind attributable to the diminution of value, loss of use or adverse effects on marketability or use of any portion of the Premises or Property.

  • Environmental Hazard means any substance the presence, use, transport, abandonment or disposal of which (i) requires investigation, remediation, compensation, fine or penalty under any Applicable Law (including, without limitation, the Comprehensive Environmental Response Compensation and Liability Act, Superfund Amendment and Reauthorization Act, Resource Conservation Recovery Act, the Occupational Safety and Health Act and provisions with similar purposes in applicable foreign, state and local jurisdictions) or (ii) poses risks to human health, safety or the environment (including, without limitation, indoor, outdoor or orbital space environments) and is regulated under any Applicable Law.

  • Lender’s Environmental Liability means any and all losses, liabilities, obligations, penalties, claims, litigation, demands, defenses, costs, judgments, suits, proceedings, damages (including consequential damages), disbursements or expenses of any kind or nature whatsoever (including reasonable attorneys’ fees at trial and appellate levels and experts’ fees and disbursements and expenses incurred in investigating, defending against or prosecuting any litigation, claim or proceeding) which may at any time be imposed upon, incurred by or asserted or awarded against the Administrative Agent, any Lender or any Issuer or any of such Person’s Affiliates, shareholders, directors, officers, employees, and agents in connection with or arising from:

  • environmental impact means any effect caused by a given activity on the environment, including human health and safety, flora, fauna, soil, air, water, climate, landscape and historical monuments or other physical structures or the interactions among these factors; it also includes effects on cultural heritage or socio-economic conditions resulting from alterations to those factors;

  • Environmental Site Assessment means a Phase I environmental report meeting the requirements of the American Society for Testing and Materials, and, if in accordance with customary industry standards a reasonable lender would require it, a Phase II environmental report, each prepared by a licensed third party professional experienced in environmental matters.

  • Environmental Affiliate means any agent or employee of any Borrower or any other Relevant Party or any person having a contractual relationship with any Borrower or any other Relevant Party in connection with any Relevant Ship or its operation or the carriage of cargo and/or passengers thereon and/or the provision of goods and/or services on or from any Relevant Ship;

  • Environmental Safeguards means the principles and requirements set forth in Chapter V, Appendix 1, and Appendix 4 (as applicable) of the SPS;

  • Environmental Violation means any activity, occurrence or condition that violates or results in non-compliance with any Environmental Law in any Material respect.

  • Material Environmental Liabilities means Environmental Liabilities exceeding $500,000 in the aggregate.

  • Environmental requirements means requirements imposed by applicable Federal, state, and local environmental laws and regulations, including, without limitation, statutes, ordinances, regulations, court orders, consent decrees, administrative orders, or compliance agreements including the Hanford Federal Facility Agreement and Consent Order, consent orders, permits, and licenses; and

  • Environmental Infrastructure System means the Environmental Infrastructure Facilities of the Borrower, including the Project, for which the Borrower is receiving the Loan.

  • environmental effect means, in respect of a project,