Examples of Remediation Completion Date in a sentence
The cross-indemnifications set forth in Paragraphs 4 and 5 above shall automatically expire on the earlier of: (i) the date that is 10 years from the date of this Environmental Agreement; or (ii) the Remediation Completion Date as referenced in Paragraph 8 below.
If any environmental contamination is discovered in connection with any Property subsequent to the Remediation Completion Date, Purchaser shall bear the burden of proof to establish that such contamination is Covered Contamination.
Until the Remediation Completion Date, Tenant shall have the right to use and occupy the Property subject to and in accordance with the terms and conditions of this Lease, and Tenant shall perform all of its obligations hereunder during any such use and occupancy period, provided that such use and occupancy by Tenant does not interfere with the performance of, and does not delay the completion of, Tenant’s Remediation.
Seller shall not be responsible for remediation of any Covered Contamination at any Property after the Remediation Completion Date if such remediation would be required only as a result of changes in applicable remediation standards or environmental laws and regulations enacted or promulgated after the Remediation Completion Date.
Upon request from Seller, Purchaser shall promptly provide Seller with written confirmation of the Remediation Completion Date.
However, at Lender’s option, in Lender’s Discretion, Borrower will enter into a formal amendment to the Repair Schedule of Work to more fully set forth the Stab-Lok Remediation and the Stab-Lok Remediation Completion Date.
If Stab-Lok Remediation is required, the Repair Schedule of Work contained in Exhibit C will be deemed automatically amended to add the required Stab-Lok Remediation and the Stab-Lok Remediation Completion Date and such Stab-Lok Remediation and Stab-Lok Remediation Completion Date will be considered Repairs as if originally part of the Repair Schedule of Work attached as an exhibit to this Loan Agreement.
Seller shall not be responsible for remediation of any Covered Contamination at any Marketing Site after the Remediation Completion Date if such remediation would be required only as a result of changes in applicable remediation standards or Environmental Laws and regulations or, with respect to MTBE, applicable guidelines or draft guidelines, enacted or promulgated after the Closing Date.
Borrower must complete the Stab-Lok Remediation by the Stab-Lok Remediation Completion Date.
If any environmental contamination is discovered in connection with any Marketing Site subsequent to the Remediation Completion Date, Purchaser shall bear the burden of proof to establish by substantial evidence that such contamination is Covered Contamination.