Required Remediation definition

Required Remediation means any action necessary to:

Required Remediation shall have the meaning set forth in Section 7.2.1 hereof.

Required Remediation means any Remediation which is required by a Governmental Authority with appropriate jurisdiction.

Examples of Required Remediation in a sentence

• Amounts so deposited shall hereinafter be referred to as Borrower’s “Required Remediation Funds” and the account in which such amounts are held shall hereinafter be referred to as Borrower’s “Required Remediation Account.” For the avoidance of doubt, if the amount specified in this Section 7.2.1 is $0.00, then no reserves or guaranty in respect of Required Remediation shall be required and the Required Remediation Account shall not be maintained.

• On the Closing Date, $0.00 shall be deposited into the Required Remediation Account.

• From time to time, Lender (or its Servicer) shall instruct Cash Management Bank to disburse funds on deposit in the Required Remediation Account for the purposes set forth in and in accordance with Section 7.2 of this Agreement.

• Xxxxxx’s right to withdraw and apply Required Remediation Funds shall be in addition to all other rights and remedies provided to Lender under this Agreement and the other Loan Documents.

• Borrower shall, or shall cause the applicable Master Tenant to, complete the Required Remediation on or before the required deadline for each repair as set forth on Schedule 7.2.1; provided, however, that Lender shall not unreasonably withhold, condition or delay its consent to any extension of any such required deadline, provided that Borrower or the applicable Master Tenant has been and is diligently pursuing completion of such Required Remediation.

More Definitions of Required Remediation

Required Remediation means to the extent that (A) investigation, containment, or remediation of Hazardous Material is required pursuant to an applicable Environmental Law that is in effect as of the Closing Date; (B) the cleanup standards that must be met to satisfy the requirements of the applicable Environmental Law shall reflect the least stringent standards which are applicable to the North Baltimore Real Property and acceptable to the Ohio EPA; and (C) investigation, containment, or remediation is conducted using the most cost-effective available methods, acceptable to the Ohio EPA, including, without limitation, the use of institutional or engineering controls or deed restrictions such as (i) a deed restriction limiting the use of the Real Property to industrial purposes, (ii) a deed restriction prohibiting groundwater from being extracted or used for drinking water or other purposes, and (iii) using an existing structure or installing an engineered barrier to prevent exposure to a Hazardous Material.

Required Remediation shall have the meaning set forth in the Mortgage Loan Agreement.

Required Remediation shall have the meaning ascribed to such term in Section 5.1.2 hereof.

Required Remediation means such removal, reduction to a lower level of concentration or exposure, encapsulation or other remediation required by applicable Environmental Law with respect to the Hazardous Material in question.

Required Remediation means any response or remedial action required to be performed by the Surviving Partnership Indemnified Parties under any applicable Environmental Law that is (i) related to any release of Hazardous Substances in connection with any activity occurring on the Owned Real Property or the Leased Real Property owned or leased by the applicable Fund (including any off-site release resulting from any such activity) and (ii) identified in an Environmental Report as being so required

Required Remediation means the management, abatement, removal, storage disposition or any other remedial or corrective action taken in connection with the underground storage tanks located at the Omaha Property.

Required Remediation means such removal, reduction to a lower level of concentration or exposure, encapsulation or other remediation required or permitted by Applicable Law as a means of remediating any Hazardous Material contained in the Premises. Provided however, to the extent that an act or omission of Tenant or Tenant's Parties aggravates such Pre-existing Condition, Landlord not be responsible for such aggravation or Required Remediation of such aggravation of the Pre-existing Condition. If the presence of Hazardous Material for which Landlord is responsible as set forth above causes Tenant to incur increased design or construction costs in performing the Tenant Work that it would not otherwise have incurred, the actual and reasonable additional, incremental costs shall be reimbursed by Landlord to Tenant within forty-five (45) days after receipt by Landlord from Tenant of an invoice documenting and evidencing such increased costs with respect to work done and/or materials supplied to the Premises. Any such reimbursement shall be separate and apart from, and in addition to, the Allowance and shall not be deducted from the Allowance. If such presence of Hazardous Material for which Landlord is responsible, as set forth above, causes Substantial Completion of the Tenant Work to be delayed until after the Commencement Date, such delay shall constitute a Landlord Delay as provided in Section 10 of this Workletter. EXHIBIT B-1 (TO WORKLETTER) DESCRIPTION OF PRELIMINARY PLANS