ENVIRONMENTAL CONCERNS definition

ENVIRONMENTAL CONCERNS. To the best of Seller's knowledge, there are no hazardous substances or underground storage tanks unless otherwise noted in Purchase Agreement. Seller gives Buyer the right to have the property tested for radon gas, mold, or any other environmental concerns at Buyer's expense, if defined on a separate addendum to this Purchase Agreement. ARBITRATION: Optional and voluntary residential real property arbitration may be an option if a dispute arises out of this real estate transaction. This option must be agreed to by all parties. If you are interested, information may be obtained from licensee.

ENVIRONMENTAL CONCERNS. The Effects of Trade and NAFTA's Rules Some environmental groups have argued that NAFTA's rules on investment, as specified in Chapter 11 of the agreement, are flawed. With a few excep- tions, Article 1110 of Chapter 11 prohibits each NAFTA country from “directly or indirectly taking any actions that nationalize or expropriate the invest- ment of an investor” from another NAFTA country. Fourteen environmental groups have criticized these rules and argued against the adoption of similar language in other multilateral agreements (Downs, 1999). Their concern is that NAFTA's rules allowing firms to sue member governments for compensation for “expropriation of an investment” limit a country's ability to enact and enforce strict environmental laws. A frequently cited case involves the Canadian government's revocation of restraints imposed on the importation and trade of MMT (methylcyclopentadi- enyl manganese tricarbonyl), a U.S.-made, allegedly toxic, gas additive. The revocation was made on July and Millimet, 2000). Another concern is that increased agricultural trade among the NAFTA countries may increase the risk of introducing harmful non-indigenous species (HNIS) and diseases to new countries and new geographic areas. An estimated 40 percent of the insect-pest species (e.g. Russian wheat aphids and Asian Gypsy moths) afflicting U.S. agriculture and 50-75 percent of the weed species (e.g. knapweeds and cheatgrass/medusahead) are not indigenous to the United States (U.S. Congress, 1995). The costs of HNIS are undoubtedly significant, in terms of increased pesticide expenditures and altered if not irrevocably damaged ecosystems. However, the difficulty in measuring these costs makes it extremely challenging to determine what standards should be set for import screening. A standard of “zero entry” would be prohibitively expensive, while standards that are too lax could expose individual agricultural producers and the natural environment to unacceptable risks. Of course, HNIS can be introduced via non-agricultural trade and tourism as well. To safeguard against HNIS, USDA's Animal and Plant Health Inspection Service (APHIS) operates agricul- tural quarantine inspections at international airports, seaports, and border stations. The important policy question then is whether current inspection standards and devoted resources are appropriate given the increasing level of trade among the NAFTA countries. Agricultural trade is a significant component of overall NAFTA...

ENVIRONMENTAL CONCERNS means the actual or reasonably suspected presence or Release of Hazardous Materials, Storage Tank Systems, and Environmental Claims as well as any instance of noncompliance with Environmental Standards or Environmental Laws, which (i) may reasonably give rise to material liability to RI under Environmental Standards and Environmental Laws or common law theories of recovery, or (ii) present material potential or actual restrictions on the use and development opportunities for a Property.

Examples of ENVIRONMENTAL CONCERNS in a sentence

• Principal Environmental Concerns The principal concern associated with these activities is the potential for erosion due to exposed soil areas and the associated sediment-laden runoff effects on water quality, aquatic ecosystems and environmentally sensitive areas.

• Principal Environmental Concerns There is concern for aquatic species due to direct mortality and loss of aquatic habitat.

• Kaur,T.N.(1999), Environmental Concerns & Strategies, New Delhi: Ashish Publication House.Laeeq Futehally (1994) Our Environment.

• State and Federal Agencies responsible for: • Sales Tax • Weights & Measurements • Environmental Concerns • Measurement Standards; etc.

• There are no Recognized Environmental Concerns requiring remediation on this project.

• Social and Environmental Concerns Investments are encouraged in entities that support community well-being through safe and environmentally sound practices and fair labor practices.

• Environmental Concerns All grants issued under the USAID GPL will be subject to the USAID requirements for environmental soundness and compliance as required by 22 CFR 216.

• Ondov, John M., "Cascade Impactors in the Chemical and Physical Characterization of Coal-Combustion Aerosol Particles", Chapter 25 of Fossil Fuels Utilization: Environmental Concerns, 1986.

• In: Aldo Chircop and Olof Linden (Eds.) Places of Refuge for Ships: Emerging Environmental Concerns of a Maritime Custom.

• Environmental Concerns." Connie, the president of a company that makes paper, has a new interest in the environment.

More Definitions of ENVIRONMENTAL CONCERNS

ENVIRONMENTAL CONCERNS means the actual or reasonably suspected presence of Hazardous Materials outside of any Storage Tank System on the Property, any Release of Hazardous Material from any Storage Tank System onto, in or from the Property, or any Environmental Claims with respect to the Property which in all the circumstances, including, without limitation, the availability of insurance and UST funds and remediation and other relevant obligations of Seller under the Lease and other persons thereunder or elsewhere would reasonably be expected to (i) give rise to material liability to Buyer under Environmental Laws, including, without limitation, common law theories of recovery, or (ii) present material likely or actual restrictions on the current or reasonably anticipated use of any Property. [***] Redacted in accordance with applicable practice with the Autorité des marchés financiers (Québec Securities Commission)