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

• The Parties will each use commercially reasonable efforts to cooperate with each other in order to minimize each Party’s costs related to any Required Remediation necessary to satisfy applicable Environmental Law obligations and securing closure of any such obligations.

• In the event the environmental audit reveals the need for any remediation work, or other actions which must be completed in order to bring the Said Lands, or Pooled Lands, into compliance with applicable Environmental Laws or to eliminate any potential Environmental Liability, Lessee shall engage a reliable environmental engineering firm reasonably acceptable to Lessor and authorised by any applicable federal, provincial, or local law, policy or regulation, to perform any Required Remediation.

• If using such an abbreviation cannot be avoided, use the unabbreviated term the first time it appears in the abstract, followed by the abbreviation in parentheses, e.g. Dobzhansky-Muller incompatibilities (DMI).

• Upon the occurrence and during the continuance of such an Event of Default, Lender, at its option, may withdraw all Required Remediation Funds from the Required Remediation Account and Lender may apply such funds either to completion of the Required Remediation or toward payment of the Debt in such order, proportion and priority as Lender may determine in its sole discretion.

• Borrower shall, or shall cause Mortgage Borrower to, perform the Required Remediation in accordance with all of the terms and conditions set forth in Section 7.5 of the Mortgage Loan Agreement.

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 the Required Remediation described in the Reserve Letter.

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 is defined in Paragraph 10(j).

Required Remediation means any action necessary to (i) comply with any governmental order, or (ii) comply with any Environmental Law effective at the Effective Date identified in the Environmental Assessments or (iii) install any wash-racks, as applicable to the Facilities or the operation thereof by the Company or Metroquip as of the Effective Date. Seller shall be responsible for all costs and expenses related to Required Remediation.