Corrective action costs means reasonable costs incurred in taking corrective action.
Corrective action costs means expenses for the removal or neutralization of "petroleum” as a result of a “release”, including costs, charges, and expenses incurred by geotechnical or environmental firms and their personnel to investigate, assess, remediate, or monitor the effects of any "release” covered by this insurance. "Corrective action costs" does include the utilization of institutional or technological controls such as federal, state, city, and county laws, rules and/or ordinances and environmental covenants that would preclude the installation of basements or other below grade structures and xxxxx on the insured site or other affected properties. The purpose of an institutional or technological control is to restrict access to or use of property such that an applicable receptor could not be exposed to chemicals of concern for as long as the target level is exceeded at applicable points of exposure and compliance. If the use of institutional or technological controls or environmental covenants can be utilized instead of other types of "corrective action costs" at the insured site or affected properties, that is the extent of "corrective action costs" that we will pay and that will be covered by the policy. But "corrective action costs” does not mean, and this insurance will not pay for:
Corrective action costs includes any and all: (A) costs or expenses that arise directly from or in connection with the performance of Corrective Action, including removal, remediation or cleanup costs, site investigation and assessment costs, consultants costs, attorneys fees and expert fees, government oversight and response costs, penalties, liens, interests, fines, assessments, and charges, and (B) any payment of any third party Claims or Damages (including any federal, state or local government agency) arising out of or relating to a Release at or from the Oil and Gas Properties.
Examples of Corrective action costs in a sentence
Corrective action costs that are not eligible for reimburse- ment under this section.
Corrective action costs incurred by a responsible person in response to a discharge caused by that responsible person’s inten- tional or grossly negligent violation of law, including ss.94.645 or 94.67 to 94.71, a rule promulgated under those sections or an order issued under those sections.
Corrective action costs and completion schedules not submitted for pre-approval in accordance with this rule shall be evaluated for reimbursement and subject to reductions in reimbursement in accordance with rule 3737-1-09 of the Administrative Code.
Corrective action costs which are determined to be non-reimbursable as a result of an audit performed in accordance with this chapter.
Corrective action costs at a facility ex- ceed the amount of coverage required by the Administrator pursuant to the provisions of subsections (c) and (d)(5) of this section and, considering the class or category of under- ground storage tank from which the release occurred, expenditures from the Trust Fund are necessary to assure an effective correc- tive action.
More Definitions of Corrective action costs
Corrective action costs means expenses necessarily incurred by an “insured” to investigate, quantify, assess, monitor, abate, remove, dispose, treat, neutralize or immobilize “storage tank incidents” to the extent required by 40 CFR Sections 280.60-280.67 and 40 CFR Section 280.72 promulgated by the Federal Environmental Protection Agency, or other “environmental law”.
Corrective action costs means those costs incurred by the Trustees if corrective actions are required during implementation of the Restoration Project.
Corrective action costs means reasonable and necessary expenses incurred by you in response to a confirmed “underground storage tank incident” for corrective action as specified in 40 CFR Sections 280.60–280.67 and 40 CFR Section 280.72 promulgated by the Federal Environmental Protection Agency (EPA).
Corrective action costs means all costs and expenses resulting from or arising out of acts or omissions of Seller in performing or failing to perform its obligations under the Environmental Agreement or otherwise necessary to complete those actions (i) required in order to achieve compliance with Environmental Laws in connection with such Release of Hazardous Materials, or other contamination affecting the Chicago Facility or tanks or (ii) determined by a Governmental Entity to be warranted or required to address any environmental or public health concerns; to achieve compliance with applicable existing laws; to xxxxx any Release of Hazardous Materials into, or other contamination of, the soil, groundwater or other environmental media on, under, from or to any portion of the Chicago Facility; or to remove or otherwise properly address such tanks, which costs and expenses may include, without limitation, those related to the following: soil and groundwater sampling, analysis, investigation, monitoring, soil and tank excavation, disposal and related transportation costs, treatment or other clean-up activities (including, without limitation, in-situ remediation through soil venting or bio-remediation and on-site or off- site remediation through incineration or otherwise), environmental engineering or consulting, soil and groundwater monitor well installation and reasonable legal advice in connection therewith as necessary after the Closing Date; provided, however, that the aggregate liability of Seller and the Shareholders pursuant to this paragraph and Section 10.02(g) shall be limited to three million dollars ($3,000,000.00) plus fifty percent (50%) of any Corrective Action Costs in excess of three million dollars. Furthermore, in the event that Seller elects not to exercise its purchase option pursuant to the Chicago lease and the Buyer subsequently takes title to the Chicago Facility, the parties agree that Seller's indemnity obligation shall be limited to its pro rata share of any Corrective Action Costs incurred by Buyer, taking into consideration (i) the Seller's proportionate degree of responsibility as a tenant of the Chicago Facility and any acts or omissions committed by Seller during its tenancy, and (ii) Buyer's proportionate degree of responsibility as a purchaser of the Chicago Facility and any acts or omissions committed by Buyer; or
Corrective action costs means: (i) costs arising from or related to Corrective Action, including reasonably incurred investigation, monitoring, abatement, cleanup, removal, treatment, cover or other remediation costs, Agency oversight costs and response costs; and (ii) payment of Losses to any Agency or other third party related to Corrective Action; provided, however, that Corrective Action Costs required to be paid by Seller shall not include Superfund Liability related to the Properties.
Corrective action costs means expenses to evaluate, analyze, remedy, remove, abate, neutralize or monitor a “Confirmed Release.”
Corrective action costs means expenses for the removal or neutralization of “petroleum” as a result of a “release”, including costs, charges, and expenses incurred by geotechnical or environmental firms and their personnel to investigate, assess, remediate, or monitor the effects of any “release” covered by this insurance. “Corrective action costs” does include the utilization of institutional or technological controls such as federal, state, city, and county laws, rules and/or ordinances and environmental covenants that would preclude the installation of basements or other below grade structures and wells on the insured site or other affected properties. The purpose of an institutional or technological control is to restrict access to or use of property such that an applicable receptor could not be exposed to chemicals of concern for as long as the target level is exceeded at applicable points of exposure and compliance. If the use of institutional or technological controls or environmental covenants can be utilized instead of other types of “corrective action costs” at the insured site or affected properties, that is the extent of “corrective action costs” that we will pay and that will be covered by the policy. “Corrective action costs” as a result of a “release” may be covered by the New Mexico Corrective Action Fund but are not by this policy.