Common use of Environmental Defect Clause in Contracts

Environmental Defect. An Asset shall be deemed to have an “Environmental Defect” if Buyer discovers that such Asset is subject to a condition constituting a violation of Environmental Laws.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Cubic Energy Inc), Purchase and Sale Agreement (Gastar Exploration USA, Inc.)

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Environmental Defect. An Asset shall be deemed to have an “Environmental Defect” if Buyer Xxxxx discovers that such Asset is subject to a condition constituting a violation of Environmental Laws.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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