Remediation Actions definition
Examples of Remediation Actions in a sentence
If Seller fully performs the Remediation Actions, as confirmed by Purchaser’s environmental consultant, Purchaser shall proceed toward Closing (subject to any other termination rights of Purchaser specifically set forth herein) in accordance with the provisions set forth herein.
In the event Seller elects option (i) above, Seller shall have a period of thirty (30) days from the date of delivery of Seller’s response to Purchaser’s Environmental Reports (or such longer period of time as may be mutually agreed upon between Purchaser and Seller in writing) in which to perform the Remediation Actions.
In the event Seller elects option (i) above, but fails to fully perform the Remediation Actions, as confirmed by Purchaser’s environmental consultant, then at Purchaser’s option, Purchaser may terminate this Agreement, whereupon Escrow Agent shall promptly refund to Purchaser the E▇▇▇▇▇▇ Money, and upon such termination the parties shall have no further obligations or liability hereunder except for those which expressly survive termination.
Seller represents and warrants that Seller’s Environmental Remediation Actions will be done in compliance with all Environmental and Safety laws and environmental permits.
In the event of a Release which occurs after the Commencement Date, Tenant shall take Remediation Actions that are required under Environmental Laws to address the Release.
Any Losses relating to the costs of performing the Underway Remediation Actions by or on behalf of Parent or the Poco Companies, which shall include the costs and expenses incurred by the Poco Companies in connection with such claims, shall count towards the Environmental Indemnification Threshold.
Date Time Action/Incident Progression Action Taken By Event Possible Remediation Actions Earthquakes Inspect dam and evaluate the damage sustained and the potential danger of failure.
Accordingly, if Remediation Actions extend beyond the termination or sooner expiration of this Lease, then Tenant shall pay to Landlord an amount equal to the Holdover Rent for the period during which such Remediation Actions extend beyond the termination or sooner expiration of this Lease.
Parent or the Company shall be entitled to withdraw from the Tax Escrow Fund (as specified in Section 8.5) an amount equal to any Pre-Closing Taxes incurred in connection with Tax Remediation Actions, as reasonably determined by Parent.
In the event of a Release which occurs after the commencement of the Lease, Tenant shall take Remediation Actions that are required under Environmental Laws to address the Release.