New Contamination definition
Examples of New Contamination in a sentence
The discovery of New Contamination (defined as any presence or release, or any portion of a presence or a release, of any regulated substance including, without limitation, a regulated substance that materially impacts soil, sediment, surface water, soil vapor, indoor air quality and/or groundwater quality that did not exist or was not identified in previous corrective action(s)).
Estimated cost to complete remediation prior to New Contamination equals $100,000.
Based upon this assessment, the Environmental Consultant shall make an apportionment of the costs and Tenant shall begin paying Landlord for the additional expenses incurred by Landlord in remediating the New Contamination.
If New Contamination is discovered at or emanating from any of the Properties being Remediated by Landlord under Section 9.1, but prior to Closure, Tenant shall make all reporting or notification required by the Environmental Laws, shall promptly notify Landlord, and shall act promptly to minimize the effects of the New Contamination.
Further, Landlord and Tenant may negotiate a transfer of the Remediation responsibility for the Contamination and New Contamination from Landlord to Tenant with the costs of such Remediation continuing to be shared between Landlord and Tenant as set forth in this Section.
Purchaser shall defend, indemnify and hold Seller and its affiliates harmless from and against all claims, expenses (including reasonable attorneys' fees), loss or liability arising from or related to any New Contamination.
In addition, the consultant will estimate the cost of the additional work that will be required due to the New Contamination.
At Tenant's election, and with Landlord's consent, which shall not be unreasonably withheld, Tenant may assume the Remediation of the New Contamination.
In addition to any other indemnities between Landlord and Tenant, Landlord shall indemnify, defend, and hold harmless Tenant for, from, and against any third party claims due to the presence of New Contamination on, at, or under the Leased Premises after the Lease Term or due to interference with ▇▇▇▇▇▇’s performance of Corrective Action by Landlord or Landlord’s Permittees.
To the extent required by applicable laws and regulations, Purchaser shall report all New Contamination (as defined in Section 7.4(C)) to the Authorities and provide appropriate notification thereof to property owners.