VCP Agreement definition

VCP Agreement means a legal and administrative document entered into between the Department and the VCP applicant that provides for the performance of a remedy at a facility, and the reimbursement of the Department’s oversight costs, by the applicant.
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VCP Agreement the written agreement headed "Securities Purchase Agreement" entered into between VCP and Purchaser Holdco on or about 22 March 2022, as amended in terms of a first addendum thereto entered into between VCP and Purchaser Holdco on or about 16 March 2023; and
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Examples of VCP Agreement in a sentence

  • The Applicant then shall have fifteen days to either proceed with the agreement subject to the terms of paragraph P(1) above, or terminate the VCP Agreement.

  • At the sole cost and expense of Tenant, Landlord agrees to cooperate fully in all matters necessary to enable Tenant (A) to perform fully under the VCP Agreement, (B) to meet obligations imposed by the TNRCC or any other governmental agency relating to remediation of the Leased Property, and (C) to obtain a TNRCC VCP Certificate of Completion for the Leased Property.

  • This VCP Agreement becomes effective upon the date of signing of both parties to the agreement and shall remain in force until termination by either party.

  • In consideration of the foregoing, HydroChem does fully and forever release and discharge VSI, its predecessors, successors, subsidiaries and assigns, affiliates, shareholders, directors, officers and advisors from any and all actions, causes of action, claims and demands of whatever kind or nature arising from the Environmental Conditions, including all responsibilities or obligations under the Second Amended APA or the VCP Agreement.

  • Purchaser shall have authority, according to its sole discretion, to undergo, or not undergo, all environmental programs, efforts, and remediation work after Closing, including without limitation the authority to terminate any VCP Agreement.

  • Upon Purchaser’s request, Seller will participate with Purchaser, as co-applicant, in a Voluntary Cleanup Program (“VCP”) with the Utah Department of Environmental Quality (“UDEQ”) whereas the Parties will jointly enter into a VCP Agreement with UDEQ, with Purchaser assuming responsibility for remediation of the Property required under the VCP Agreement.

  • Tenant shall submit to the Texas Natural Resource Conservation Commission (the "TNRCC") an application to participate in the VCP to remediate the Environmental Matters of concern on the Leased Property, and upon approval by TNRCC shall execute and submit a VCP Agreement to TNRCC regarding remediation related to the Leased Property.