Required Remediation definition

Required Remediation means any action necessary to:

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Required Remediation shall have the meaning set forth in Section 7.2.1 hereof.

Required Remediation means to the extent that (A) investigation, containment, or remediation of Hazardous Material is required pursuant to an applicable Environmental Law that is in effect as of the Closing Date; (B) the cleanup standards that must be met to satisfy the requirements of the applicable Environmental Law shall reflect the least stringent standards which are applicable to the North Baltimore Real Property and acceptable to the Ohio EPA; and (C) investigation, containment, or remediation is conducted using the most cost-effective available methods, acceptable to the Ohio EPA, including, without limitation, the use of institutional or engineering controls or deed restrictions such as (i) a deed restriction limiting the use of the Real Property to industrial purposes, (ii) a deed restriction prohibiting groundwater from being extracted or used for drinking water or other purposes, and (iii) using an existing structure or installing an engineered barrier to prevent exposure to a Hazardous Material.

Examples of Required Remediation in a sentence

The Parties will each use commercially reasonable efforts to cooperate with each other in order to minimize each Party’s costs related to any Required Remediation necessary to satisfy applicable Environmental Law obligations and securing closure of any such obligations.
Borrower shall, or shall cause Mortgage Borrower to, perform the Required Remediation in accordance with all of the terms and conditions set forth in Section 7.5 of the Mortgage Loan Agreement.
In the event the environmental audit reveals the need for any remediation work, or other actions which must be completed in order to bring the Said Lands, or Pooled Lands, into compliance with applicable Environmental Laws or to eliminate any potential Environmental Liability, Lessee shall engage a reliable environmental engineering firm reasonably acceptable to Lessor and authorised by any applicable federal, provincial, or local law, policy or regulation, to perform any Required Remediation.
All Required Remediation shall be performed in strict compliance with Laws and to the reasonable satisfaction of Landlord (provided Landlord may not impose requirements more strict than those required by Laws).
Borrower shall, or shall cause the applicable Master Tenant to, complete the Required Remediation on or before the required deadline for each repair as set forth on Schedule 7.2.1; provided, however, that Lender shall not unreasonably withhold, condition or delay its consent to any extension of any such required deadline, provided that Borrower or the applicable Master Tenant has been and is diligently pursuing completion of such Required Remediation.

More Definitions of Required Remediation

Required Remediation shall have the meaning set forth in the Mortgage Loan Agreement.

Required Remediation means any Remediation which is required by a Governmental Authority with appropriate jurisdiction.

Required Remediation shall have the meaning ascribed to such term in Section 5.1.2 hereof.

Required Remediation shall have the meaning set forth in Section 16.11.1.

Required Remediation means any response or remedial action required to be performed by the Surviving Partnership Indemnified Parties under any applicable Environmental Law that is (i) related to any release of Hazardous Substances in connection with any activity occurring on the Owned Real Property or the Leased Real Property owned or leased by the applicable Fund (including any off-site release resulting from any such activity) and (ii) identified in an Environmental Report as being so required

Required Remediation means the Remediation required from time to time by an applicable Governmental Entity pursuant to Environmental Laws in effect at the time of such Remediation, including the Consent Order, the Valero Consent Order and Technical Requirements for Site Remediation, N.J.A.C. 7:26E-1 et seq. (the application of which may be modified on a case- by-case basis to be less stringent, or as same may be (a) amended or (b) superseded), as such Environmental Laws may be applied to the Assets; provided however, such Remediation is approved, either in writing or by Directive, by the applicable Governmental Entity prior to implementation of such Remediation. Required Remediation shall not include any Remediation that is Voluntary Remediation or any Remediation that is required by a Governmental Entity as a result of, in connection with, relating to, or arising out of any Voluntary Remediation.

Required Remediation means the Required Remediation described in the Reserve Letter.