Environmental Risks Sample Clauses
The Environmental Risks clause defines the responsibilities and liabilities of the parties regarding environmental hazards or contamination associated with the property or project. It typically outlines procedures for identifying, reporting, and remediating environmental issues, and may specify which party bears the costs or risks related to pollution, hazardous materials, or regulatory compliance. This clause serves to allocate risk and clarify obligations, helping to prevent disputes and ensure that environmental concerns are managed appropriately during the course of the agreement.
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Environmental Risks. Manage site operations and ensure that any waste, including rejected or returned products declared as waste, are managed appropriately f rom the point of generation to the point of final disposal in a safe and responsible manner with environmentally sustainable waste disposal systems; ensure that any adverse environmental impacts or nuisances associated with air emissions are eliminated or minimised; ensure that water is used efficiently and that wastewater is treated and discharged in a way that minimises adverse impacts to the receiving environment; take all prudent measures to prevent contamination of soil and groundwater and address areas of contamination; ensure that effective measures to prevent and contain spillages and fire-water are in place; minimise, and ultimately eliminate, the use of ozone depleting substances and their release to the environment.
Environmental Risks. Purchaser acknowledges that there are, or may be, certain environmental issues and/or risks with respect to the Property.
Environmental Risks. If there are any facts or conditions identified in a Phase I assessment that Old Kent reasonably believes could pose a current or future risk of a liability, interference with use, or diminution of value of the property that could be material, then Old Kent shall identify that risk to Grand Premier, identify the facts or conditions underlying that risk, and provide Grand Premier with a copy of the Phase I assessment for that property (an "Environmental Risk").
Environmental Risks. If there are any facts or conditions identified in any Phase I Assessment or Phase II Assessment that Purchaser reasonably believes pose a current or future material risk of liability, material interference with use, or a material diminution of value of the Investigated Property (collectively, "Environmental Risks"), then Purchaser shall notify Company of such Environmental Risks and the facts or conditions underlying such Environmental Risks within 5 Business Days after receipt of all final environmental reports for the Investigated Property. Such notice shall include either (i) an estimate by a qualified environmental professional of the actual cost of all remedial or other corrective actions and measures required by applicable Law to be taken with respect to the Investigated Property, or (ii) a statement from a qualified environmental professional that the cost of such actions and measures cannot be reasonably estimated.
Environmental Risks. If Old Kent has given Grand Premier notice of an unacceptable Environmental Risk as provided in Section 5.15.4 (OLD KENT'S TERMINATION RIGHTS).
Environmental Risks. If Old Kent has given CFSB notice of an unacceptable Environmental Risk as provided in Section 5.15.4 (OLD KENT'S RIGHT TO TERMINATE).
Environmental Risks. If Old Kent has given First Evergreen notice of an unacceptable Environmental Risk as provided in Section 5.16.5 (OLD KENT'S RIGHT TO TERMINATE).
Environmental Risks. If Chemical has given O.A.K. notice of termination as provided in and pursuant to Section 5.14.
Environmental Risks. Including, but not limited to soil, air, water, hydrocarbon, chemical, carbon, asbestos, mold, radon gas and lead-based paint
Environmental Risks. If Acquiror has given Company notice of an unacceptable Environmental Risk pursuant to Section 5.16 (ENVIRONMENTAL INVESTIGATION), and it is not cured within the thirty- (30) day period, or any extension thereof, as provided in Subsection 5.16(d) (ACQUIROR'S TERMINATION RIGHTS).