Examples of NFR Letter in a sentence
Within thirty (30) days after the earlier of (x) the date on which NYSTRS is notified by Inland of the occurrence of any of the events described in the second sentence of Section 6.6(a)(ii) above, or (y) two years after the Property Contribution Date for the Property in question, unless the NFR Letter for said Property has been delivered to NYSTRS, NYSTRS shall give written notice of Inland of its election under Section 6.6(a)(ii) (the “NYSTRS Election Notice”).
Indemnitor shall perform any investigation or monitoring of site conditions and any clean-up, containment, restoration, removal, treatment, stabilization, or other remedial work relating to the Known Contamination (collectively, the "Remedial Work") required at CEC to obtain the NFR Letter and at the HEC and ECEC to obtain a Covenant Not to Xxx.
Indemnitor agrees to provide Indemnitee in advance with the form of each NFR Letter, Covenant Not to Xxx and Restrictive Covenant requested by IEPA or IDEM (the "EPA Documents") for Indemnitee's approval, and Indemnitee shall have the right to negotiate the form and substance of such EPA Documents with Indemnitor and IEPA or IDEM, as applicable; provided, however, that Indemnitee's approval of such EPA Documents shall not be unreasonably withheld or delayed.
Indemnitee agrees that the NFR Letter for CEC and the Covenant Not to Xxx for ECEC and HEC may contain certain limitations and requirements relating to Known Contamination underneath, or contained by, such buildings, parking areas and engineered barriers (collectively, "Caps") including, but not necessarily limited to, a requirement that restrictions on removing such Caps be recorded against the relevant portions of the applicable Property.
Notwithstanding anything in this Agreement to the contrary, Indemnitor and Indemnitee agree that Indemnitor shall not be required to remediate Known Contamination under buildings or paved parking areas on the Properties except to the extent required by IEPA or IDEM, as applicable to obtain the NFR Letter or the Covenant Not to Xxx, respectively.
Indemnitee agrees that the NFR Letter for CEC and the Covenant Not to Xxx for ECEC and HEC may contain certain limitations and requirements relating to Known Contamination underneath, or contained by, such buildings, parking areas and engineered barriers (collectively, "Caps") including, but not necessarily limited to, a requirement that restrictions on removing such Caps be recorded against the relevant portions of the Properties.
Seller agrees hereby, at its sole cost and expense, to use diligent good faith efforts to obtain the South Side NFR Letter as soon as practicable following the Closing Date.
If required by the IEPA, Seller shall also, at its expense, record the NFR Letter and submit the recorded NFR Letter to IEPA.
Seller agrees hereby, at its sole cost and expense, to use diligent, good faith efforts to obtain the North Side NFR Letter on or prior to the Closing Date.
Such South Side NFR Letter may contain requirements for compliance with institutional controls, provided such requirements do not materially interfere with Buyer's intended use of the Property.