Common use of Adverse Environmental Conditions Clause in Contracts

Adverse Environmental Conditions. If a Defect is an Adverse Environmental Condition, then the Defect Value thereof shall be the costs and expenses reasonably necessary to remediate such Adverse Environmental Condition.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Penn Virginia Corp), Purchase and Sale Agreement (Penn Virginia Corp), Purchase and Sale Agreement (Penn Virginia Corp)

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Adverse Environmental Conditions. If a Defect is an Adverse Environmental Condition, then the Defect Value thereof shall be the costs and expenses reasonably necessary to investigate, remediate and/or correct such Adverse Environmental ConditionCondition in a manner acceptable to the applicable Governmental Authority and consistent with applicable Environmental Laws.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Penn Virginia Corp)

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