Estimated Remediation Cost definition

Estimated Remediation Cost means all costs associated with performing work to remediate contamination of real property or groundwater, including engineering and other professional fees and expenses, costs to remove, transport and dispose of contaminated soil, costs to "cap" or otherwise contain contaminated soil, and costs to pump and treat water and monitor water quality.
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Estimated Remediation Cost means the estimated cost to be paid to GE for remediation of the Turbines to a “clean and fit for service”, unfired condition with all components, parts, equipment and materials specified in Schedule I (based upon a shipping case level survey) in accordance with the results of the Equipment Survey.
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Estimated Remediation Cost means all costs associated
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Examples of Estimated Remediation Cost in a sentence

  • No individual matter shall constitute an Environmental Condition unless its reasonable Estimated Remediation Cost exceeds $5,000.

  • In the event that the Sellers’ Representative delivers a Sellers’ Initial Estimated Remediation Cost to the Purchaser within sixty (60) days following the receipt by Sellers’ Representative of the Purchaser’s Initial Estimated Remediation Cost, the “Purchaser Remediation Costs” shall, subject to the provisions of the following paragraph, if applicable, be equal to the lower of Purchaser’s Initial Estimated Remediation Cost and the Sellers’ Initial Estimated Remediation Cost.

  • If the Estimated Remediation Cost does not exceed $200,000, then the Purchase Price shall be reduced by the Estimated Remediation Cost and any Remedial Action at the Environmentally Damaged Restaurant shall be conducted by and shall be the responsibility of the Purchaser; PROVIDED, that the Sellers' Representatives shall provide information and, at the Purchaser's expense with respect to out-of-pocket expenses, assistance as is reasonably requested by the Purchaser.

  • Section 3.3(b) Estimated Remediation Cost...........................

  • If Seller and Purchaser do not agree upon whether a certain matter constitutes an Environmental Condition, or do not agree upon the Estimated Remediation Cost of a particular Environmental Condition, then the disagreement shall be settled in the same manner as settlement of Title Defect disagreements under Section 3.3(b) of this Agreement (with the exception that an Independent Environmental Consultant shall be utilized rather than an Independent Attorney).

  • In the event that, the either the Sellers’ Representative or the Purchaser, as the case may be fails to deliver an Alternative Supplemental Estimated Remediation Cost within thirty (30) days following the receipt of the Initial Supplemental Estimated Remediation Cost, the Purchaser Remediation Costs shall be deemed to be increased by the amount specified in Initial Supplemental Estimated Remediation Cost.

  • Purchaser shall provide to Sellers’ Representative a copy of the Phase II, a copy of Purchaser’s Phase I Environmental Assessment, dated February 2011 (the “Phase I”), and, if applicable, a copy of Purchaser’s Initial Estimated Remediation Cost and a description of the proposed work and reasons for such proposal within ten (10) Business Days of receipt of any such documents other than Phase I which will be dated as of an earlier date.

  • An under- ground water pipe sprays out into the channel.🔾 Culvert condition - fair🔾 Restriction width - 1.5 feet🔾 Restriction length - 36 feet🔾 Channel width - 3 feet🔾 Acres of wetlands affected - 29.0🔾 Acres of Phragmites - 8.6 Estimated Remediation Cost Total estimated cost - $10,400 Cost per acre - $359 CommentsA four foot open box culvert and expansion of the channel could benefit this site.

  • Schedule 6.8 sets forth the agreed upon Estimated Remediation Cost (as defined below) for each item of Xxxxxx Damages.

  • If the Estimated Remediation Cost exceeds four million five hundred thousand dollars ($4,500,000.00) and Seller does not elect to terminate pursuant to Section 7.01(i), then Seller shall reduce the Purchase Price by an additional amount equal to the difference between the Estimated Remediation Cost minus four million five hundred thousand dollars ($4,500,000.00).

Related to Estimated Remediation Cost

  • Remediation Costs means the cost of any action taken to reduce the concentration of contaminants on, in or under the Eligible Property to permit a record of site condition to be filed in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and the cost of complying with any certificate of property use issued under section 168.6 of the Environmental Protection Act, as further specified in the CIP.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • FOR Destination costs means the cost of equipment and material at the consignee’s stores. The cost is exclusive of Excise duty, Sales Tax and other Local Taxes, but is inclusive of packing, forwarding and insurance and freight charges.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

  • Remediation Period has the meaning specified in Section 8.2(a);

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Public improvement costs means the costs of:

  • Total Project Costs means (a) the costs paid or incurred or to be paid or incurred by a Borrower Related Party in connection with or incidental to the acquisition, design, construction and equipping of the Project, including legal, administrative, engineering, planning, design, insurance, and costs of issuance; (b) amounts, if any, required by the Indenture Documents or the TIFIA Loan Documents to be paid into any fund or account upon the incurrence of the TIFIA Loan or any Secured Obligations; (c) payments when due (whether at the maturity of principal, the due date of interest, or upon optional or mandatory prepayment) during the Construction Period in respect of any indebtedness of the Borrower or any Credit Enhancement maintained by a Borrower Related Party, in each case in connection with the Project (other than the TIFIA Loan); and (d) costs of equipment and supplies and initial working capital and reserves required by the Borrower Related Parties for the commencement of operation of the Project, including general administrative expenses and overhead of the Borrower.

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.

  • Additional Transportation Cost means the actual cost incurred for one-way Economy Transportation by Common Carrier reduced by the value of an unused travel ticket.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following: (i) The operation, repair and maintenance, in neat, clean, good order and condition, of the following:

  • Total Operating Expenses means all costs and expenses paid or incurred by the Company, as determined under generally accepted accounting principles, that are in any way related to the operation of the Company or to Company business, including advisory fees, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines, (vi) Acquisition Fees and Acquisition Expenses, (vii) real estate commissions on the Sale of Properties, (viii) Financing Coordination Fees and (ix) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgage loans or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of property).

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.