Common use of Environmental Liabilities and Costs Clause in Contracts

Environmental Liabilities and Costs. all Losses, whether direct or indirect, known or unknown, current or potential, past, present or future, imposed by, under or pursuant to Environmental Laws, including all Losses related to Remedial Actions, and all fees disbursements and expenses of counsel, experts, personnel and consultants based on, arising out of or otherwise in respect of: (i) the ownership, operation, use or occupancy of the Business, the Assets, the Real Property or Other Leases or any other real properties, assets, equipment or facilities, by any Transferor, or any of their predecessors or Affiliates; (ii) the environmental conditions existing on the Closing Date on, under, above, about or emanating from any Real Property, the Assets or property subject to Other Leases or any other real properties, assets, equipment or facilities currently or previously owned, leased, operated, occupied or used by the any Transferor, or any of their predecessors or Affiliates; and (iii) expenditures necessary to cause any Real Property or any aspect of the Business or the Assets to be in compliance with any and all requirements of Environmental Laws as of the Closing Date, including all Environmental Permits issued or required under or pursuant to such Environmental Laws, and reasonably necessary to make full economic use of any Real Property or the Assets.