Remediation Liabilities definition

Remediation Liabilities means any and all Liabilities relating to, resulting from or arising out of (i) Remediation of Hazardous Substances that are present or have been Released, or as to which there has been or is a threatened Release, at, in, on, under or migrating from or to any real property or facility, and (ii) natural resource damages associated with the presence or Release or threatened Release of Hazardous Substances in the environment.
View Source
Remediation Liabilities means any and all Liabilities relating to, resulting from or arising out of (a) Remediation of Hazardous Substances that are present or have been Released, or as to which there has been or is a threatened Release, at, in, on, under or migrating through, from or to any real property or facility, and (b) natural resource damages associated with the presence or Release or threatened Release of Hazardous Substances in the environment.
View Source
Remediation Liabilities means any and all Liabilities relating to, resulting from or arising out of (i) the investigation and Cleanup of Hazardous Substances that are present or have been Released, or as to which there has been or is a threatened Release, at, in, on, under or migrating from or to any real property or facility; (ii) natural resource damages associated with the presence or Release or threatened Release of Hazardous Substances in the environment; and (iii) property damage associated with the presence or Release or threatened Release of Hazardous Substances in the environment, including with respect to all of the above, any agreement, decree, judgment, or order relating to the foregoing; provided, however, that Remediation Liabilities do not include Hazardous Substance Exposure Liabilities.
View Source

Examples of Remediation Liabilities in a sentence

  • With respect to Remediation Liabilities at Chemours Group Landlord Properties that are Chemours Assumed Environmental Liabilities, Chemours shall be responsible for the management and control of any such Remediation, including any Remediation that is required that is within the premises leased by DuPont.

  • Environmental Remediation Liabilities -- Under current laws and regulations, we may have liability for environmental damage caused by our operations, or for damage caused by conditions that existed before we acquired a particular site.

  • The “Specified Remediation Marketing Liabilities” consist of the SSA Retained Marketing Remediation Liabilities and the NT Retail Assumed Marketing Remediation Liabilities, which are defined below.

  • Likewise, following the Closing Date and extending until such date that all of NT Retail’s obligations pursuant to this Article 5 are completed, SSA shall not take any action that would cause NT Retail to no longer be eligible for reimbursement from any applicable Governmental Authority for any Remediation Activities that may need to be completed in order for NT Retail to discharge its duties with respect to NT Retail Assumed Marketing Remediation Liabilities.

  • ITT accounts for environmental costs in accordance with FASB Statement No. 5, "Accounting for Contingencies", AICPA Statement of Position 96-1, "Environmental Remediation Liabilities," and FASB Interpretation No. 14, "Reasonable Estimation of the Amount of a Loss." Accruing Environmental Liabilities Environmental liabilities are accrued by a charge to income when an expense or loss is probable (i.e., likely to occur) and the amount of loss can be reasonably estimated.

  • Effective January 1, 1997, the Company adopted the American Institute of Certified Public Accountants Statement of Position 96-1, Environmental Remediation Liabilities ("SOP 96-1").

  • In January 1996, the American Institute of Certified Public Accountants issued Statement of Position 96-1 ("SOP 96-1"), "Environmental Remediation Liabilities", which is effective for fiscal year 1997.

  • As between the Parties, SSA shall have the right to direct and control any Remediation Activities relating to any SSA Retained Marketing Remediation Liabilities.

  • In the event the Refinery (or any process unit within the Refinery) is closed or abandoned by SPP Refining or any successor owner or operator following the Closing Date, to the extent that the costs of conducting any Remediation of MPC Retained Refinery Remediation Liabilities are increased due to such closure or abandonment, such costs shall not be borne by MPC, but instead shall be borne by SPP Refining.

  • Likewise, following the Closing Date and extending until such date that all of SPP Refining’s obligations pursuant to this Article 5 are completed, MPC shall not take any action that would cause SPP Refining to no longer be eligible for reimbursement from any applicable Governmental Authority for any Remediation Activities that may need to be completed in order for SPP Refining to discharge its duties with respect to SPP Refining Assumed Refinery Remediation Liabilities.