Environmental Transfer Statutes Clause Samples

Environmental Transfer Statutes. Seller shall have prepared, delivered and filed the appropriate environmental transfer documents, if any, required under the applicable state environmental transfer statutes.

Environmental Transfer Statutes. ▇▇▇▇▇▇ shall comply and cause each of the Transferred Subsidiaries to comply, at ▇▇▇▇▇▇' sole cost and expense, with all obligations, requirements or responsibilities under New Jersey's Industrial Sites Recovery Act ("ISRA") or any similar foreign, state, federal, or provincial statute, each as may be amended ("Environmental Transfer Statute"), as may be imposed based on the execution and delivery of this Master Agreement or the Ancillary Agreements or the consummation of the transactions contemplated thereby. If Remediation is required at any property pursuant to any Environmental Transfer Statute, whether before or after the Closing, ▇▇▇▇▇▇ shall carry out all such obligations, requirements or responsibilities, in form and substance reasonably satisfactory to Buyer including, without limitation, the execution of Remediation Agreement (as defined in ISRA) or similar document.

Environmental Transfer Statutes. Harr▇▇ ▇▇▇ll comply and cause each of the Transferred Subsidiaries to comply, at Harr▇▇' ▇▇le cost and expense, with all obligations, requirements or responsibilities under New Jersey's Industrial Sites Recovery Act ("ISRA") or any similar foreign, state, federal, or provincial statute, each as may be amended ("Environmental Transfer Statute"), as may be imposed based on the execution and delivery of this Master Agreement or the Ancillary Agreements or the consummation of the transactions contemplated thereby. If Remediation is required at any property pursuant to any Environmental Transfer Statute, whether before or after the Closing, Harr▇▇ ▇▇▇ll carry out all such obligations, requirements or responsibilities, in form and substance reasonably satisfactory to Buyer including, without limitation, the execution of Remediation Agreement (as defined in ISRA) or similar document.

Environmental Transfer Statutes. The parties agree and acknowledge that the transactions contemplated by this Agreement are subject to and trigger the requirements of the Connecticut Transfer Act, Conn. Gen. Stat. §§ 22a-134 et seq., (the “Transfer Act”; for purposes of this Section 5.06, terms in quotations herein are defined by the Transfer Act). Purchaser agrees, as of the Closing, to complete or caused to be completed the following actions related to the facilities (the “CT Facilities”) listed on Section 5.06 of the Seller Disclosure Schedule (the “Connecticut Facilities Actions”): all Form III “certifying party” Transfer Act obligations associated with each relevant “transfer of establishment,” including payment of filing fees, occurring as a result of the transactions contemplated hereunder, and all other actions required to investigate, monitor, “remediate,” and otherwise achieve compliance with the “remediation standards,” for all the CT Facilities, under the Transfer Act regardless of the type of Transfer Act form filed in connection with each such facility. As of the Closing, the Sellers agree to complete or caused to be completed the following actions related to the CT Facilities listed on Section 5.06 of the Seller Disclosure Schedule: the Form II “certifying party” Transfer Act obligations associated with the relevant “transfer of establishment,” including payment of associated filing fees, occurring as the result of the transactions contemplated hereunder. Parent shall reasonably cooperate with Purchaser in connection with Purchaser’s Connecticut Facilities Actions by preparing and delivering each “Form III,” “Form II” and the associated “Environmental Condition Assessment Forms,” drafted by a “licensed environmental professional,” and by providing assistance to Purchaser as Purchaser may reasonably request, to the extent such requested cooperation and assistance imposes no out-of-pocket expense not promptly reimbursed by Purchaser and no excessive time commitments on Parent or its representatives. The provisions of this Section 5.06 shall survive the Closing.