Compliance with ISRA definition

Compliance with ISRA means the receipt of a letter or other written determination from the NJDEP: (i) that ISRA is inapplicable to a Facility, event, transaction or circumstance; (ii) that a Facility is exempt from ISRA; (iii) approving a Negative Declaration (as such term is defined under ISRA) or a No Further Action Letter (as such term is defined under ISRA); or (iv) that a Party's obligations under ISRA or a Remediation Agreement have been satisfied.

Compliance with ISRA shall have the meaning set forth in Section 5.8(a).

Compliance with ISRA means receipt by the Seller of a Response Action Outcome (“RXX”) issued by a Licensed Site Remediation Professional (“LSRP”) (as such terms are defined below), or any other written determination by the NJDEP or an LSRP that the requirements of ISRA have been satisfied with respect to the Property.

Examples of Compliance with ISRA in a sentence

• In connection with the ISRA Compliance Matter arising from the Transaction with respect to the Kenvil Facility, Hercules shall: (i) take all actions required to achieve Compliance with ISRA and the Remediation Agreement; (ii) establish and maintain in full force and effect any remediation funding source required under ISRA or the Remediation Agreement; and (iii) pay all fees, costs and expenses necessary or required to achieve Compliance with ISRA or the Remediation Agreement.

• Subject to Alliant's obligation to indemnify Hercules pursuant to Article VIII of this Environmental Agreement for post-Closing Releases, as such obligation shall be modified by any agreement of the Parties described in Section 12.1 of this Environmental Agreement, Hercules shall take all actions and pay all other fees, costs and expenses to achieve Compliance with ISRA in connection with such ISRA Compliance Matter.

• Compliance with ISRA may be accomplished by the issuance of a Response Action Outcome (“XXX”) by the LSRP or by any alternative compliance option permissible under ISRA.

• In the event Alliant takes any action during its occupancy of the Kenvil Facility that requires the initiation of an ISRA Compliance Matter, including but not limited to, any closing of operations (as such term is defined under ISRA) by Alliant at the Kenvil Facility, Alliant shall pay all filing fees and other costs of an administrative nature to achieve Compliance with ISRA.

More Definitions of Compliance with ISRA

Compliance with ISRA means any of the following: (1) receipt by the Seller of a No Further Action Letter and Covenant Not to Xxx (as such terms are defined under ISRA) issued by the NJDEP, (2) a Response Action Outcome issued by a Licensed Site Remediation Professional or (3) any other written determination by the NJDEP or an LSRP that the requirements of ISRA have been satisfied with respect to the Carlstadt Facility.

Compliance with ISRA with respect to each "industrial establishment" (as such term is defined under ISRA) owned or operated by Transferor, the receipt by the Company or Transferor of a Deminimis Quantity Exemption approval, Negative Declaration approval or a No Further Action Letter and Covenant Not to Xxx (as such terms are defined under ISRA) from the NJDEP, or other document or documents advising that the requirements of ISRA have been satisfied. Component: means any Hardware, Software, Databases and/or Embedded Control of any System used in the Business. Consent: any consent, approval, authorization, waiver, permit, grant, franchise, concession, agreement, license, exemption or order of registration, certificate, declaration or filing with, or report or notice to, any Person, including but not limited to any Governmental Authority.

Compliance with ISRA means the receipt by Parent or Purchaser of (i) a letter or letters from the NJDEP, in accordance with Subchapter 5 of the ISRA regulations, approving, as applicable, a de minimis quantity exemption, an area of concern review application, a regulated underground storage tank waiver application, a minimal environmental concern application, a negative declaration or a remediation-in-progress waiver (as each such term is defined under ISRA), (ii) a No Further Action Letter issued by the NJDEP, or a Response Action Outcome issued by an LSRP, or (iii) other written determination by the NJDEP or an LSRP that the requirements of ISRA are being or have been satisfied with respect to the New Jersey ISRA Property.

Compliance with ISRA means the receipt by the Seller of a Response Action Outcome (“RAO”) issued by a Licensed Site Remediation Professional (“LSRP”) (as such terms are defined under the New Jersey Site Remediation Reform Act) with respect to Seller’s ISRA obligations at the Princeton Site relating to or triggered by the transactions contemplated by this Agreement.

Compliance with ISRA means receipt of a Remediation-In-Progress Waiver approval issued by the NJDEP (as such term is defined under ISRA), a Response Action Outcome issued by a Licensed Site Remediation Professional (“LSRP”) (as such terms are defined below), or any other written determination of the NJDEP or an LSRP that the requirements of ISRA have been satisfied with respect to the Project, the Real Property and the transactions contemplated by this Agreement.

Compliance with ISRA means the receipt of a letter(s) from the NJDEP approving a No Further Action Letter and Covenant Not To Sue (as such term is defined under ISRA), or other written determination, such as a Remediation in Progress Waiver, by the NJDEP that the requirements of ISRA have either been satisfied or that the requirements of ISRA do not apply to the New Jersey Property.

Compliance with ISRA means the receipt of a letter or letters from the New Jersey Department of Environmental Protection (the “NJDEP”) or from such third party as is authorized by NJDEP to issue the same (a “Site Professional”) approving a No Further Action Letter and Covenant Not to Xxx (as such terms are defined under ISRA), or other written determination by the NJDEP or a Site Professional that (i) that the requirements of ISRA have been satisfied, (ii) that the requirements of ISRA do not apply or (iii) that compliance with ISRA has been waived. Such written authorization may include, but not be limited to any of the expedited compliance options set forth in subchapter 5 of the ISRA regulations (NJAC 7:26B-5.1 et seq.)