Engineering and Institutional Controls definition
Examples of Engineering and Institutional Controls in a sentence
Developer shall be responsible for maintenance and monitoring of any Engineering and Institutional Controls currently existing or required in the future regarding the Property during the period from execution of this Agreement.
The provisions of Sections 6.8 and 6.9 shall run with the land and be recorded or, in the case of Engineering and Institutional Controls, such other recordable instrument as provided by applicable Environmental Law and/or Responsible Government Agency.
Notwithstanding the foregoing, Sellers shall use commercially reasonable efforts to achieve NFA Status in a manner that minimizes the need for Engineering and Institutional Controls and Sellers shall maintain compliance with all Engineering and Institutional Controls, including consent orders, administrative orders and similar documents; provided that Buyers shall maintain, at Buyers’ cost and expense, already existing grass caps and impervious barriers such as concrete or asphalt.
Buyer and Seller acknowledge that some of the Properties are and will be subject to Engineering and Institutional Controls imposed in connection with previous, ongoing and future Corrective Action at the Properties, including, without limitation, as specifically set forth in the deeds to the Properties.
If Purchaser or any applicable Purchaser-Related Party breaches these provisions regarding the ▇▇▇, including the Engineering and Institutional Controls, Seller shall have the right to enforce every remedy, either public or private, available at law and in equity against the Purchaser and the applicable Purchaser-Related Parties, including but not limited to injunctive relief, specific performance, or reversion of title at the sole option of the Seller.
Buyer-Related Parties shall maintain, preserve, and comply with all Engineering and Institutional Controls that are or may be in the future imposed on the Properties in connection with Corrective Action conducted by the Seller.
Landlord shall be responsible for compliance with the Deed Notice and any Engineering Controls therein, including but not limited to monitoring, inspection or repair of the Engineering Controls, certification or reporting with respect to the Engineering and Institutional Controls, Financial Assurance, any Remedial Action Permit, and all costs and expenses thereof (which shall not be included as a component of Rent except to the extent comprising general common area maintenance, such as landscaping).
Buyers and Sellers acknowledge that the Real Property is and will be subject to Engineering and Institutional Controls imposed in connection with previous, ongoing and future remedial activities taken or required pursuant to Environmental Law at the Real Property, including, as specifically set forth in the Special Warranty Deeds and any deeds in the chain of title for a Station Property that contain Engineering and Institutional Controls.
The Engineering and Institutional Controls shall run with the land for the benefit of the Seller-Related Parties and bind the Buyer-Related Parties, subsequent owners, users and occupiers of the Properties, including any successors, lessees, assignees and licensees, and shall continue until released by the applicable Responsible Government Agency.
Seller shall be permitted to utilize any reasonable method or approach to pursue and obtain NFA Status, including, natural attenuation and Engineering and Institutional Controls.