Remedial Work definition
Examples of Remedial Work in a sentence
All costs of such Remedial Work shall be paid by such Borrower, including Administrative Agent’s reasonable attorneys’ fees and disbursements incurred in connection with the monitoring or review of such Remedial Work.
All Remedial Work shall be performed by licensed contractors approved in advance by Administrative Agent and under the supervision of a consulting engineer approved by Administrative Agent.
If such Borrower does not timely commence and diligently prosecute to completion the Remedial Work, Administrative Agent may (but shall not be obligated to) cause such Remedial Work to be performed at such Borrower’s expense.
If any investigation, site monitoring, containment, cleanup, removal, restoration or other work of any kind is reasonably necessary under an applicable Environmental Law (“Remedial Work”), such Borrower shall commence all such Remedial Work within thirty (30) days after written demand by Administrative Agent and thereafter diligently prosecute to completion all such Remedial Work within such period of time as may be required under Applicable Law.