ISRA Approval definition

ISRA Approval shall have the meaning assigned in Section 8.1(p) hereof.
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ISRA Approval means an authorization pursuant to ISRA to complete the transactions contemplated by this Agreement prior to the achievement of Compliance with ISRA and shall include, at Contributor’s sole option, (i) a Remediation Certification as defined in N.J.A.C. 7:26B-4.3 submitted to the NJDEP, together with the establishment of a remediation funding source in a form permitted by N.J.A.C 7:26C-5 and in an amount certified by a LSRP; (ii) an amendment to the ISRA Remediation Agreement executed by the NJDEP authorizing the completion of the transactions contemplated by this Agreement, together with the establishment of a remediation funding source in a form permitted by N.J.A.C. 7:26C-5 and an amount required by such agreement or amendment; (iii) a Remediation in Progress Waiver approved by the NJDEP pursuant to N.J.A.C. 7:26B-5.4; or (iv) any other written authorization of the NJDEP or a LSRP permitting Contributor to complete the transactions contemplated by this Agreement prior to achieving Compliance with ISRA, together with the establishment of a remediation funding source in a form permitted by N.J.A.C. 7:26C-5 and an amount required by such authorization.
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ISRA Approval means one of the approved ISRA approval methods that would allow the transactions contemplated hereby to close, including but not limited to a Response Action Outcome, Remediation Certification, or a method set forth at N.J.A.C. 7:26B-4 or 7:26B-5.
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Examples of ISRA Approval in a sentence

  • If, in connection with the issuance or effectiveness of the ISRA Approval, the New Jersey Department of Environmental Protection requires the payment of any fees, the preparation or implementation of any studies or remediation plans, the posting of any financial assurance or the establishment of a remedial funding source, then the Company shall comply with all such requirements.

  • If the Company is unable to obtain the ISRA Approval at least 48 hours prior to the Closing Date, the Company will endeavor to enter into a Remediation Agreement as defined at N.J.S.A. 13:1K-8 or provide Investor written notice of its election to postpone the Closing for not more than 30 days to obtain ISRA approval.

  • In no event shall an ISRA Approval involve any engineering or institutional controls, including without limitation, capping, deed notice, declaration of environmental restriction or other institutional control notice pursuant to P.L. 1993 c.

  • If the Company is unable to obtain the ISRA Approval prior to the adjourned Closing Date, Investor may upon written notice delivered no later than 12:00 noon (Eastern Time) on the day preceding the adjourned Closing Date, elect to terminate this Agreement, in which case this Agreement shall be deemed null and void and the parties shall have no further obligations with respect to this Agreement.

  • If the Company, using its best efforts, is unable to timely obtain the ISRA Approval, Investor shall have the option to adjourn the Closing Date for a period not to exceed forty-five (45) days and this Agreement shall remain in full force and effect.

  • Acquirer shall cooperate with Contributor, as reasonably requested by Contributor, in order to obtain such ISRA Approval, including by executing any documents requested by Contributor.

  • The Contributor shall, prior to the Closing, prepare and submit to the NJDEP, or cause a LSRP to prepare, certify and submit to the NJDEP, as the case may be, all ISRA Submissions and otherwise use commercially reasonable efforts to obtain an ISRA Approval.

  • The Investor and Axess shall cooperate with the Company to obtain the ISRA Approval and shall promptly execute any and all accurate and complete documents prepared by the Company which are necessary to obtain the ISRA Approval; provided that, the Investor shall not be required to expend any funds or incur any costs or fees in connection with the Company's efforts to secure the ISRA Approval.

  • Sellers shall obtain from the NJDEP, and deliver to Purchaser at or prior to Closing, an ISRA Approval authorizing closing of the purchase and sale set forth herein.

  • If Seller or each Industrial Tenant has not obtained an ISRA Approval prior to the then scheduled Closing Date (as the same may be extended pursuant to, but subject to the limitations in, Section 6(a)), then either party shall have the right to terminate this Agreement upon notice to the other party at any time prior to the date on which Seller delivers the ISRA Approvals for all Industrial Tenants to Purchaser.


More Definitions of ISRA Approval

ISRA Approval has the meaning set forth in Section 4.2.
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ISRA Approval means : (1) a Remediation Agreement as defined at N.J.S.A. 13:1K-9 or a Remediation Certification as defined in Section 34 of Chap. 60 of P.L 2009 has been entered into by any Industrial Tenant that is the “responsible party” under ISRA, and a “Remediation Funding Source” has been posted in accordance with ISRA and this Agreement (collectively “Remediation Agreement”), (2) a No Further Action Letter as defined at N.J.S.A. 58:10B-1 (“NFA”), (3) a Remediation in Progress Waiver as defined at N.J.S.A. 13:1K-11.5, (4) a de minimis quantity exemption, (5) an expedited review approval pursuant to N.J.A.C. 7:26B-5.1 through 5.8, or (6) a Response Action Outcome as that term is defined in Section 2 of Chap. 60 of P.L. 2009 (“XXX”). If the ISRA Approval is in the form of a Remediation Agreement, Purchaser agrees that Seller shall have the right to compel the subject Industrial Tenant’s compliance with ISRA after Closing, excluding any right to terminate the tenant’s lease or evict the tenant, which right Seller will be entitled to enforce in its own name or in the name of Purchaser, it being agreed that (A) Seller shall use commercially reasonable efforts to compel such compliance, and (B) Purchaser shall have the right upon notice to Seller to revoke Seller’s right to compel an Industrial Tenant’s compliance with ISRA. If Purchaser elects to exercise its rights to compel an Industrial Tenant’s compliance with ISRA, Seller shall have no further liability to Purchaser regarding ISRA and Purchaser agrees to look solely and exclusively to any Industrial Tenant for ISRA compliance. If the ISRA Approval is in the form of a Remediation Agreement, Seller shall cause the Industrial Tenant to post a “Remediation Funding Source” either in the form of a “Remediation Trust Agreement” (as defined in ISRA) or any alternative form of funding or guaranty which is acceptable to NJDEP; provided, however, a Remediation Funding Source in the form of a guaranty acceptable to the NJDEP shall also be subject to Purchaser’s approval, which approval shall not be unreasonably withheld. Provided that Purchaser has not exercised its election to compel an Industrial Tenant’s compliance with ISRA, and subject to the foregoing, Seller will diligently pursue compliance with ISRA and take all steps necessary to cause each Industrial Tenant to complete ISRA compliance as quickly as reasonably practicable and to obtain either: (x) an unconditional NFA from NJDEP; or (y) an XXX applicable to the Indu...
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ISRA Approval is defined in Section 3.30(c)(xii).
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ISRA Approval means approval of the New Jersey Department of Environmental Protection under ISRA allowing the contemplated transaction to proceed to Closing with respect to Owned Real Property and Leased Real Property located in New Jersey.
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Related to ISRA Approval

  • IRB approval means the determination of the IRB that the research has been reviewed and may be conducted at an institution within the constraints set forth by the IRB and by other institutional and federal requirements.

  • MAA Approval means approval of an MAA by the applicable Regulatory Authority for marketing and sale of a Product in the Collaborator Territory, but excluding any Pricing and Reimbursement Approval.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • CFIUS Approval means that any of the following shall have occurred: (a) the review period under the DPA commencing on the date that a CFIUS Notice is accepted by CFIUS shall have expired and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS to the effect that such review has been concluded and that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, (b) an investigation under the DPA shall have been commenced after such review period and CFIUS shall have determined to conclude all action under the DPA without sending a report to the President of the United States, and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, or (c) CFIUS shall have sent a report to the President of the United States requesting the President’s decision and either (i) the President shall have announced a decision not to take any action to suspend or prohibit the Contemplated Transactions or, (ii) the period under the DPA during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the Contemplated Transactions shall have expired without any such action being threatened, announced or taken.

  • NDA Approval means the Approval of an NDA by the FDA for a Product in the U.S.

  • FCC Approval means the FCC’s grant of the FCC Applications, including any grants by operation of law; provided that the possibility that an appeal, request for stay, or petition for rehearing or review by a court or administrative agency may be filed with respect to such grant, or that the FCC may reconsider or review such grant on its own authority, shall not prevent such grant from constituting FCC Approval for purposes of the Plan.

  • HSR Approval means expiration of all applicable waiting periods under the HSR Act (including any voluntary agreed extensions) or earlier termination thereof.

  • FDA Approval means the approval, license, clearance or authorization of the FDA necessary for the marketing and sale of a product for human use in the United States.

  • Pre-approval means written notification via a pre-approval letter to Customer that Ameren Illinois has reviewed Customer's Application and determined that the project meets the program eligibility requirements for a maximum pre-approved incentive amount if the project is completed by the estimated completion date and all final application paperwork is submitted and approved.

  • Requisite Regulatory Approvals has the meaning set forth in Section 7.01(b).

  • Price Approval means, in any country where a Governmental Authority authorizes reimbursement for, or approves or determines pricing for, pharmaceutical products, receipt (or, if required to make such authorization, approval or determination effective, publication) of such reimbursement authorization or pricing approval or determination (as the case may be).

  • Key Regulatory Approvals means those sanctions, rulings, consents, orders, exemptions, permits and other approvals (including the lapse, without objection, of a prescribed time under a statute or regulation that states that a transaction may be implemented if a prescribed time lapses following the giving of notice without an objection being made) of Governmental Entities as set out in Schedule C hereto;

  • Requisite Approval means the affirmative vote of the holders of at least a majority of the shares of outstanding Company Common Stock and outstanding Company Preferred Stock voting as a single class.

  • type-approval means the procedure whereby an approval authority certifies that a type of vehicle, system, component or separate technical unit satisfies the relevant administrative provisions and technical requirements;

  • Regulatory Approval means any and all approvals (including MAA Approval, and Pricing and Reimbursement Approval, if applicable), licenses, registrations, permits, notifications and authorizations (or waivers) of any Regulatory Authority that are necessary for the manufacture, use, storage, import, transport, promotion, marketing, distribution, offer for sale, sale or other commercialization of a Product in any country or jurisdiction.

  • Application Approval Date means the date that the Application is approved by the Board of Trustees of the District and as further identified in Section 2.3.B of this Agreement.

  • Regulatory Approval Application means any application submitted to an appropriate Regulatory Authority seeking any Regulatory Approval.

  • Required Regulatory Approvals means the Seller Required Regulatory Approvals and the Buyer Required Regulatory Approvals.

  • Special Approval means approval by a majority of the members of the Conflicts Committee.

  • Regulatory Approvals means any registrations, licenses, authorizations, permits or approvals issued by any Governmental Authority and applications or submissions related to any of the foregoing.

  • Product Approval means the approval of a Governmental Authority necessary for the marketing and sale of the Product in a given country or regulatory jurisdiction, which may include the approval of an MAA (but shall not include any Pricing Approvals).

  • Government Approval means any authorization, consent, approval, waiver, exception, variance, order, exemption, publication, filing, declaration, concession, grant, franchise, agreement, permission, permit, or license of, from or with any Governmental Authority, the giving notice to, or registration with, any Governmental Authority or any other action in respect of any Governmental Authority.

  • Conditional approval means a time-limited status that results when an approved nursing education program has failed to maintain requirements as set forth in this chapter.

  • Marketing Approval means all approvals, licenses, registrations or authorizations of the Regulatory Authority in a country, necessary for the manufacture, use, storage, import, marketing and sale of a Product in such country.

  • FCC Consent means action by the FCC granting its consent to the assignment of the FCC Licenses to Buyer as contemplated by this Agreement.

  • Initial approval means authorization to admit students and enter into contractual agreements for clinical facilities. It is granted only after an application has been submitted, reviewed and a survey visit made by the Board. No students shall be admitted to the program until the institution has received written notification that initial approval has been granted. Failure to comply will delay initial approval.