Examples of Authority Remedial Work in a sentence
If it is determined pursuant to an evaluation conducted by the mutually selected independent environmental consultant that remediation of the same is required by this Section 7.9(a)(ii) and such remediation qualifies as the Authority Remedial Work, then the Authority shall pay the costs of such evaluation and StadCo shall perform the Authority Remedial Work at the Authority’s cost and expense and with reasonable diligence and in compliance with all Applicable Laws.
StadCo shall be responsible for performing or causing to be performed, and for paying the cost of performing, such corrective or remedial actions (including all investigations, monitoring, etc.) required by Applicable Law to be performed with respect to any Environmental Event or any Hazardous Materials present at, in, on, or under the Premises (the “StadCo Remedial Work”); provided, however, under no circumstances shall StadCo’s Remedial Work include the Authority Remedial Work.
StadCo shall be responsible for performing or causing to be performed, and for paying the cost of performing, such corrective or remedial actions (including all investigations, monitoring, etc.) required by Applicable Law to be performed with respect to any Environmental Event or any Hazardous Materials present at, in, on or under the Premises (the “StadCo Remedial Work”); provided, however, under no circumstances shall StadCo’s Remedial Work include the Authority Remedial Work.
If it is determined pursuant to an evaluation conducted by the mutually selected independent environmental consultant that remediation of the same is required by this Section 7.9(a)(ii) (Authority Remedial Work) and such remediation qualifies as the Authority Remedial Work, then the Authority shall pay the costs of such evaluation and StadCo shall perform the Authority Remedial Work at the Authority’s cost and expense and with reasonable diligence and in compliance with all Applicable Laws.
StadCo shall be responsible for performing or causing to be performed, and for paying the cost of performing, such corrective or remedial actions (including all investigations, monitoring, etc.) required by Applicable Law to be performed with respect to any Environmental Event or any Hazardous Materials present at, in, on or under the Premises (the “StadCo Remedial Work”); provided, however, under no circumstances shall XxxxXx’s Remedial Work include the Authority Remedial Work.
StadCo shall be responsible for performing or causing to be performed, and for paying the cost of performing, such corrective or remedial actions (including all investigations, monitoring, etc.) required by Applicable Law to be performed with respect to any Environmental Event or any Hazardous Materials present at, in, on, or under the Premises (the “StadCo Remedial Work”); provided, however, under no circumstances shall XxxxXx’s Remedial Work include the Authority Remedial Work.
In the event that Developer’s Remedial Work Estimate is greater than Authority’s Remedial Work Expenditure Cap, Authority may elect to terminate the Escrow and this Agreement, provided such termination shall be ineffective if Developer then elects to perform the Authority Remedial Work in accordance with this Section at Developer’s sole cost and expense “subject to contribution from the Authority not to exceed the Authority’s Remedial Work Expenditure Cap”.
In the event that Developer’s Remedial Work Estimate is less than Authority’s Remedial Work Expenditure Cap, Authority shall elect to either (i) accept Developer’s Remediation Proposal (in which event Developer shall perform the Authority Remedial Work in accordance with this Section and shall be reimbursed by the Authority) or (ii) reject Developer’s Remediation Proposal (in which event Authority shall perform the Authority Remedial Work in accordance with this Section).
As an alternative to Authority performing the Remedial Work pursuant to this Section, Developer may propose (“Developer’s Remediation Proposal”) that Developer perform, or have performed, the Authority Remedial Work by written Notice to Authority accompanied by an estimate of the cost of performing the Authority Remedial Work (“Developer’s Remedial Work Estimate”).
Notwithstanding the foregoing, if Developer, based upon Developer’s Environmental Reports, Authority’s Environmental Reports and the RAP, reasonably estimates that the Authority Remedial Work cannot be completed within ten (10) weeks, then Developer may terminate the Escrow and this Agreement by written Notice to Authority.