Threat of Release definition

Threat of Release means a substantial likelihood of a Release that requires action to prevent or mitigate damage to the Environment that may result from such Release.

Threat of Release a substantial likelihood of a Release that may require action in order to prevent or mitigate damage to the Environment that may result from such Release. “Threatened” a claim, Proceeding, dispute, action, or other matter will be deemed to have been “Threatened” if any demand or statement has been made (orally or in writing) or any notice has been given (orally or in writing), or if any other event has occurred or any other circumstances exist, that would lead a prudent Person to conclude that such a claim, Proceeding, dispute, action, or other matter is likely to be asserted, commenced, taken, or otherwise pursued in the future.

Threat of Release means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air and any environmental medium comprising or proximate to and affecting the Premises, the Building or the Property.

Examples of Threat of Release in a sentence

• Agent agrees, however, that it shall not conduct any such audits, unless an Event of Default exists under the Loan Documents or Agent has reason to believe that such audit may disclose the Release, Threat of Release and/or presence of Hazardous Material or unless any previously conducted environmental audit deems further testing necessary.

• There has been no Release or, to the knowledge of the Sellers, Threat of Release, of any Hazardous Materials at or from the Facilities.

• Nothing herein shall require Borrower or any Guarantor to indemnify, defend or hold any Indemnified Party harmless from any matter, cost or expense relating to a Release or Threat of Release of Hazardous Substances or violation of any Environmental Law or the existence of any Mold Condition first occurring after the Agent, Lenders or their nominee or any purchaser acquires title to the applicable Property by the exercise of its foreclosure remedies or by deed or assignment in lieu of foreclosure.

• Based on the maximum reported concentration and associated sample location/depth, the evaluation will have one of three possible findings: No Release; Substantial Threat of Release; or Off-Range Release.

• HQ USAF/A7CAN will provide information and coordinate with HQ USAF/A3O-BR or other appropriate Air Staff office on any release or threat of release notification and completed Operational Range Release or Threat of Release Assessment Memorandum.

More Definitions of Threat of Release

Threat of Release means a substantial likelihood of a Release that requires action to prevent or mitigate damage to the Environment that might result from such Release.

Threat of Release means a reasonable likelihood of a Release that may require action in order to prevent or mitigate damage to the environment that may result from such Release.

Threat of Release a reasonable possibility of a Release that could require action (including triggering notification or reporting under Environmental Law) in order to prevent or mitigate damage to the Environment that could result from such Release.

Threat of Release means “threat of release” as used in CERCLA.

Threat of Release or "threatened release" means any circumstance that may reasonably be anticipated to cause a release. Threat of release or threatened release does not include the ownership or operation of an underground storage tank system if the underground storage tank system is operated in accordance with part 211 and rules promulgated under that part.

Threat of Release means a reasonable likelihood of a Release that would reasonably be expected to require action in order to prevent or mitigate damage to the Environment that may result from such Release.

Threat of Release means a reasonable likelihood of an Environmental Release that may require action in order to prevent or mitigate damage to the public health or welfare or the Environment that may result from such Environmental Release.