Cost of remediation definition

Cost of remediation means all costs incurred by the participant pursuant to activities necessary for completion of voluntary remediation at the site, based on an estimate of the net present value (NPV) of the combined costs of the site investigation, report development, remedial system installation, operation and maintenance, and all other costs associated with the remedial action participating in the program and addressing the contaminants of concern at the site.
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Cost of remediation shall have the mexxxxg given such term in Section 5.21(a).
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Cost of remediation shall have the meaning set forth in Section 15.6(c).
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Examples of Cost of remediation in a sentence

  • If Pilko's determination of the Cost of Remediation of the Cytec Determined Actions exceeds $10,000,000, Seller, at Seller's sole option, may terminate this Agreement and in such case the Cytec Parties shall not have any obligation to deliver the Pilko Assessment to any Sterling Party.

  • Within the five business day period following any such notification, Pilko shall make a determination of the Cost of Remediation of the Cytec Determined Actions, and deliver a letter to each of Purchaser and Seller setting forth such determination.

  • If Seller's good faith determination of the Cost of Remediation of the Cytec Determined Actions exceeds $10,000,000 and Seller desires to terminate this Agreement, then on or prior to the last day of the Cytec Evaluation Period, Parent shall notify Purchaser and Pilko of such determination.

  • Seller shall notify Purchaser of Seller's Cost of Remediation of the Cytec Determined Actions not later than the last day of the Cytec Determination Period.

  • In determining the Cost of Remediation, Seller shall consider the Remedial Actions that the Cytec Parties would undertake in accordance with the Cytec Parties' historical practice at the Santa Xxxx Facility (such Remedial Actions being referred to as the "Cytec Determined Actions").

  • In determining the Cost of Remediation, Seller shall consider the Remedial Actions that the Cytec Parties would undertake in accordance with the Cytec Parties' historical practice at the Santa Rosa Facility (such Remedial Actions being referred to as the "Cytec Xxxermined Actions").

  • Estimated Cost of Remediation Repap currently estimates total expenditures of approximately $6 million, of which approximately $0.6 million had been expended as of December 31, 1998, to make the required Year 2000 modifications and replacements to its own systems.

  • If the DEQ imposes more stringent Clean-up Levels, the DEQ-imposed Clean-up Levels shall be used in determining the Cost of Remediation.


More Definitions of Cost of remediation

Cost of remediation shall have the meaning given such term in Section 5.21(a).
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Cost of remediation means all costs incurred by the participant pursuant to activities
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Cost of remediation means all costs and expenses reasonably necessary to bring the matters identified in the Phase I Environmental Report and, if necessary, matters subsequently identified pursuant to any implementation of the Phase II Recommendations, into compliance with Environmental Law in effect as of the Closing consistent with the use and operation of the facilities in the Business, including the cost of investigation and/or remediation of any Hazardous Substances identified at such facilities, other than up to $1,000,000 in the aggregate of individual matters requiring expenditures of less than $10,000 each.
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Related to Cost of remediation

  • Remediation means any response, remedial, removal, or corrective action, any activity to cleanup, detoxify, decontaminate, contain or otherwise remediate any Hazardous Materials, Regulated Substances or USTs, any actions to prevent, cure or mitigate any Release, any action to comply with any Environmental Laws or with any permits issued pursuant thereto, any inspection, investigation, study, monitoring, assessment, audit, sampling and testing, laboratory or other analysis, or any evaluation relating to any Hazardous Materials, Regulated Substances or USTs.

  • Remediation waste management site means a facility where an owner or operator is or will be treating, storing or disposing of hazardous remediation wastes. A remediation waste management site is not a facility that is subject to corrective action under § 264.101 of this regulation, but is subject to corrective action requirements if the site is located in such a facility.

  • Initial Environmental Examination or “IEE” means the initial environmental examination for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • Remedial Action means all actions taken to (a) clean up, remove, remediate, contain, treat, monitor, assess, evaluate, or in any way address Hazardous Materials in the indoor or outdoor environment, (b) prevent or minimize a release or threatened release of Hazardous Materials so they do not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment, (c) restore or reclaim natural resources or the environment, (d) perform any pre-remedial studies, investigations, or post-remedial operation and maintenance activities, or (e) conduct any other actions with respect to Hazardous Materials required by Environmental Laws.

  • Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.

  • Licensed site remediation professional means an individual who is licensed by the Site Remediation Professional Licensing Board pursuant to section 7 of P.L.2009, c.60 (C.58:10C-7) or the department pursuant to section 12 of P.L.2009, c.60 (C.58:10C-12).

  • Debilitating medical condition means one or more of the following:

  • Decontamination means a process that attempts to remove or reduce to an acceptable level a contaminant exceeding an allowable threshold set forth in these Rules in a harvest batch or production batch.

  • Remediation waste means all solid and hazardous wastes, and all media (including groundwater, surface water, soils, and sediments) and debris that are managed for implementing cleanup.

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Containment means the installation of a backflow prevention assembly or a backflow prevention method at any connection to the public water system that supplies an auxiliary water system, location, facility, or area such that backflow from a cross connection into the public water system is prevented.

  • Remediation Costs means the cost of any action taken to reduce the concentration of contaminants on, in or under the Eligible Property to permit a record of site condition to be filed in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and the cost of complying with any certificate of property use issued under section 168.6 of the Environmental Protection Act, as further specified in the CIP.

  • Remedial Actions means those actions taken in the event of a radioactive release or threatened release into the environment to prevent or minimize the radioactive release so that it does not migrate and cause significant danger to the present or future public health, safety, or welfare, or to the environment. Remedial action includes, but is not limited to, actions at the location of the release such as storage, confinement, perimeter protection which may include using dikes, trenches, and ditches, clay cover, neutralization, dredging or excavation, repair or replacement of leaking containers, collection of leachate and runoff, efforts to minimize the social and economic harm of processing, provision of alternative water supplies, and any required monitoring to assure that the actions taken are sufficient to protect the public health, safety, and welfare, and the environment.

  • 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.

  • Environmental Contamination means the introduction or presence of Hazardous Materials at such levels, quantities or location, or of such form or character, as to constitute a violation of federal, state or local laws or regulations, and present a material risk under federal, state or local laws and regulations that the Premises will not be available or usable for the purposes contemplated by this Agreement.