Environmental Contingencies Sample Clauses

Environmental Contingencies. In the event Purchaser completes at its expense by September 30, 2002 environmental Phase I reports of the Company's sites of operation, such reports shall not have revealed contingencies unknown to the Purchaser as of the date hereof which are reasonably unacceptable to Purchaser.

Environmental Contingencies. Loss contingencies are recorded as liabilities when it is probable a liability has been incurred and the amount of the loss is reasonably estimable in accordance with accounting standards for contingencies. Estimating probable losses requires an analysis of uncertainties that often depend upon judgments about potential actions by third parties. Accruals for loss contingencies are recorded based on an analysis of potential results. With respect to environmental liabilities and related costs, we develop estimates based on a review of information available from numerous sources, including completed studies and site specific negotiations. It is our policy to accrue the full amount of such liability when information is sufficient to reasonably estimate the amount of probable

Environmental Contingencies. The Company’s exploration and evaluation activities are subject to various laws and regulations governing the protection of the environment. These laws and regulations are continually changing and generally becoming more restrictive. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations.

Environmental Contingencies. We account for environmental liabilities in accordance with accounting standards under the loss contingency guidance when it is probable that a liability has been incurred and the amount of the loss is reasonably estimable. Amounts recorded for environmental contingencies take numerous factors into consideration, including, among other variables, changes in enacted laws, regulatory orders, estimated remediation costs, interest rates, insurance proceeds, participation by other parties, timing of payments, and the input of legal counsel and third-party experts. Accordingly, changes in any of these variables or other factual circumstances could have a material impact on the amounts recorded for our environmental liabilities. For a complete discussion of our environmental policy refer to Note 2. For a discussion of our current environmental sites and liabilities refer to Note 15 and "Contingent Liabilities" above. In addition, for information regarding the regulatory treatment of these costs and our regulatory recovery mechanism, see "Results of Operations—Regulatory Matters—Rate Mechanisms—Environmental Costs" above.

Environmental Contingencies. Seller agrees to indemnify the --------------------------- Purchaser, the Company and its Subsidiaries for any Adverse Consequences arising from the Company's failure to comply with any Environmental Law applicable to the Company's facilities located in Galesburg, Illinois, Henderson, Nevada or Wellford, South Carolina ("Environmental ------------- Contingencies"