Examples of Known Environmental Conditions in a sentence
Nevertheless, the City shall be obligated to commence any Response Actions relating to the Known Environmental Conditions and to continue to pursue and perform such Response Actions to completion in a diligent and commercially reasonable manner.
The Parties acknowledge that the Environmental Reports may reveal certain existing Environmental Conditions (the "Known Environmental Conditions") at the Project Site and the possibility for certain Response Actions in connection therewith.
The City shall be responsible at its sole expense for remediating all of the Known Environmental Conditions and performing all of the Response Actions therefor, as currently identified in the Environmental Reports and/or as subsequently determined or modified.
With respect to the condition(s) relating to the Owned Real Property described in Section 5.25 of the Seller Disclosure Schedule (“Known Environmental Conditions”), Seller shall, at its sole cost and expense, investigate and remediate the Known Environmental Conditions to the extent necessary to obtain a No Further Action Status.
Upon Seller obtaining No Further Action Status, Seller shall have no further obligation to investigate or remediate the Known Environmental Conditions unless further investigation or remediation with respect to the Known Environmental Conditions is required by Environmental Law or subsequently is required by a Governmental Entity.