Completion of Corrective Actions Sample Clauses

Completion of Corrective Actions. Promptly after Contractor completes the Corrective Action described in any Remedial Plan conducted after Substantial Completion, Contractor shall re-run the applicable Performance Test (subject to Section 15.6).
Sample 1
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Completion of Corrective Actions. Promptly following the Closing, Seller shall cause an independent, qualified, licensed environmental consultant (which may but need not be the Environmental Consultant) selected jointly by Seller and Buyer (the "Remediation Consultant") to undertake and complete, at Seller's expense, all Corrective Actions at each Location in accordance with the requirements of applicable law. Seller shall remain obligated for all Corrective Actions at any Location until such time as the Corrective Actions have been completed in accordance with applicable Environmental Laws and the standards of the environmental regulatory body having jurisdiction over the Corrective Actions, as evidenced by (a) the written concurrence of such regulatory body that no further Corrective Actions are required at such Location or (b) a written report from the Remediation Consultant addressed to Buyer and Seller that Environmental Compliance has been achieved at such Location and that all Environmental Conditions at such Location have been remediated in accordance with applicable Environmental Law and the remediation plan approved in accordance with the requirements of Section 6.7(y), which report is approved by an environmental consultant selected by Buyer at Buyer's expense, which approval shall not be unreasonably withheld or delayed ("Remediation Completion"). Seller shall cause the Remediation Consultant to complete the Corrective Actions at each Location as expeditiously as reasonably practicable. Seller shall be responsible for all audits and reviews of any of Corrective Actions performed by any regulatory body having jurisdiction over the Location and the Corrective Actions within thirty (30) months of Remediation Completion with respect to the Location and shall complete any further Corrective Actions that may be required by such regulatory body in connection with such audit or review. Upon the expiration of the thirty (30) month period, Buyer shall assume responsibility for any audits or review. Prior to commencement of any Corrective Actions at a Location, Seller shall provide Buyer (y) with a remediation plan prepared by the Remediation Consultant, which plan and any amendment thereto or modification thereof (i) shall be prepared to accomplish the Corrective Actions as soon as practicable but with a view to reasonably completing all such Remediation within five (5) years following the Closing taking into account the relative significance of the Corrective Actions required at each Lo...
Sample 1

Related to Completion of Corrective Actions

  • Implementation of Corrective Action Plan After the Corrective Action Plan is finalized, the Purchasers shall use reasonable best efforts to implement the finalized Corrective Action Plan on the timeline set forth therein and provide periodic reports (as provided for therein) to the Sellers on the status of their implementation of the Corrective Action Plan.

  • Corrective Action The NAVITAIRE Account Manager shall monitor corrective action and report to the Executive Sponsors. In the event that Minimum System Availability Targets are not met during the Reporting Period, the NAVITAIRE Account Manager shall initiate corrective action during the subsequent Reporting Period. NAVITAIRE shall, at its own expense, use commercially reasonable efforts to correct the deficiency in order to meet future Minimum System Availability Targets.

  • Corrective Action Plan Within fifteen (15) Business Days following the establishment of the Joint Remediation Committee, the Purchasers, in consultation with the Sellers, shall prepare and submit to the Joint Remediation Committee an initial draft of the Corrective Action Plan. The parties shall work in good faith through the Joint Remediation Committee to finalize the Corrective Action Plan within fifteen (15) Business Days of the Purchasers’ submission of the initial draft of the Correct Action Plan. At the end of such period, if the Sellers reasonably determine that the Corrective Action Plan proposed by the Purchasers (as may be modified over the course of such period) would not reasonably be expected to satisfactorily address the Major Default, then the Sellers may escalate the issue to the Head of Commercial Capital (or equivalent leader of any successor business unit) of the Seller Group and the Chief Executive Officer of the Bank Assets Purchaser (the “Senior Executives”) and the Senior Executives shall work collaboratively (including with the Joint Remediation Committee) to develop a mutually agreeable Corrective Action Plan within fifteen (15) Business Days.

  • APPROVAL OF PLANS AND SPECIFICATIONS The Plans and Specifications will conform to the requirements and conditions set out by applicable law or any effective restrictive covenant, and to all governmental authorities which exercise jurisdiction over the Leased Premises or the construction thereon.

  • Environmental, Health and Safety Matters (a) The Company has complied and is in compliance with all Environmental, Health, and Safety Requirements.

  • Environmental and Safety Matters Except as disclosed in Schedule 4.13:

  • Environmental Compliance and Conditions Except as set forth on Schedule 3.16:

  • Adverse Actions Take any action or fail to take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VI not being satisfied or (iii) a material violation of any provision of this Agreement, except, in each case, as may be required by applicable law or regulation.

  • Environmental Events The Borrower will give notice to the Agent within five (5) Business Days of becoming aware of (i) any potential or known Release, or threat of Release, of any Hazardous Substances in violation of any applicable Environmental Law; (ii) any violation of any Environmental Law that the Borrower, any Guarantor or any of their respective Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency or (iii) any inquiry, proceeding, investigation, or other action, including a written notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that in any case involves (A) a Mortgaged Property, (B) any other Real Estate and could reasonably be expected to have a Material Adverse Effect or (C) the Agent’s liens or security title on the Collateral pursuant to the Security Documents.

  • Notification of Changes Subscriber agrees and covenants to notify the Company immediately upon the occurrence of any event prior to the consummation of this Offering that would cause any representation, warranty, covenant or other statement contained in this Agreement to be false or incorrect or of any change in any statement made herein occurring prior to the consummation of this Offering.

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