Known conditions Sample Clauses

Known conditions clean-up costs, loss or defence costs arising from any pollution condition which was in existence prior to the inception of this policy and was known or should have been known to any responsible insured.
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Known conditions. Purchaser hereby releases Seller from and agrees to indemnify Seller against any and all claims, demands, losses, damages, liabilities, causes of action, liens, costs and expenses (including, without limitation, attorneys’ fees and costs to the extent permitted by law), directly or indirectly related to, arising out of, or in any manner connected with, in whole or in part, (a) the presence of Hazardous Materials at the Property, any violations of Environmental Laws, and any other conditions at or relating to the Property to the extent that any of the foregoing are described in the reports and other documents identified on Schedule 5.2 hereto (the “Known Conditions”) and (b) the presence of Hazardous Materials, whether Known Conditions or Unknown Conditions (as hereinafter defined), any violations of Environmental Laws and any other conditions at or relating to the properties formerly owned by Seller and identified as “6/120A1/9A N/F Revere Hospitality, LLC”, “6/120B/16A N/F Burbank Development, LLC” and “6/1208/11 N/F Sun Oil Company” on the plan entitled “Plan of Land Now or Formerly of Global Revco Terminal, LLC (GRT), Global Petroleum, Corp. (GPC), Global South Terminal, LLC (GST), Global Revco Dock, LLC (GRD), Xxx Xxxxxxx Highway, Revere, Massachusetts”, dated November 28, 2014, prepared by Xxxxxxx & Xxxxxxx Land Surveyors, LLC (collectively, the “Former Properties”), to the extent that the presence of such Hazardous Materials is a result of the petroleum storage and terminal operations of Seller (or Seller’s predecessors in interest) at the Property or the Former Properties. Notwithstanding anything to the contrary contained in this Agreement, in the event that Seller’s reimbursable claims for Known Conditions under the Insurance Policies, including, without limitation, Zurich American Insurance Policy No. USC 7902744, or any other Agreements are not assignable, then Seller shall maintain such policies and/or Agreements in full force and effect and shall continue to pursue all such claims and pay any proceeds therefrom to Purchaser promptly upon receipt thereof.
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Known conditions. Subject to the limitations set forth in this Section 6.10, Seller shall take such actions as are necessary to satisfy the Remediation and Monitoring Requirements with respect to the Known Conditions (the “Environmental Monitoring and Remediation”), following the Closing and shall be responsible for the costs thereof, but subject to the following:
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Known conditions. Except as set forth on SCHEDULE 3.16, to the knowledge of Cerulean, there are no past or present events, conditions, circumstances, activities, practices, incidents, actions, omissions or plans relating to the Cerulean Real Property or the operations of the business of Cerulean or any Cerulean Subsidiary that will interfere with or prevent continued material compliance with any material Environmental Law by Cerulean or any Cerulean Subsidiary, or that will likely give rise to any Environmental Claims.
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Known conditions. The term “Known Conditions” means those environmental conditions, on the PCES and ACES, identified in the TSRS. The term “Known Conditions” does not include any Army Obligations. PROPOSED
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Related to Known conditions

  • Satisfaction of Conditions The conditions precedent set out in Section 6.1, Section 6.2 and Section 6.3 shall be conclusively deemed to have been satisfied, waived or released at the Effective Time.

  • Satisfaction of Conditions Precedent Each party will use commercially reasonable efforts to satisfy or cause to be satisfied all the conditions precedent that are applicable to them, and to cause the transactions contemplated by this Agreement to be consummated, and, without limiting the generality of the foregoing, to obtain all material consents and authorizations of third parties and to make filings with, and give all notices to, third parties that may be necessary or reasonably required on its part in order to effect the transactions contemplated hereby.

  • Failure to Satisfy Conditions Precedent If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

  • Certain Conditions Except as otherwise provided in Sections 2.2.4 and 2.3.4 of this Agreement, no Lender shall have an obligation to make any Loan, or to permit the continuation of or any conversion into any LIBOR Loan, and the Issuing Lender shall not have any obligation to issue any Letter of Credit, if an Event of Default or Unmatured Event of Default exists.

  • Satisfaction of Closing Conditions The Vendors agree to use their best efforts to ensure that the conditions set forth in Section 5.1, and the Purchaser agrees to use its best efforts to ensure that the conditions set forth in Section 5.3, are fulfilled at or prior to the Closing Time.

  • Fulfillment of Conditions Purchaser (a) shall take all commercially reasonable steps necessary or desirable and proceed diligently and in good faith to satisfy each other condition to the obligations of Seller contained in this Agreement, and (b) shall not, and shall not permit any of its Affiliates to, take or fail to take any action that would reasonably be expected to result in the non-fulfillment of any such condition.

  • Release Conditions As used in this Agreement, "Release Conditions" shall mean the following:

  • Market Conditions Notwithstanding any provision of this Agreement to the contrary, settlement and payment for Foreign Assets received for the account of the Portfolios and delivery of Foreign Assets maintained for the account of the Portfolios may be effected in accordance with the customary established securities trading or processing practices and procedures in the country or market in which the transaction occurs, including, without limitation, delivering Foreign Assets to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) with the expectation of receiving later payment for such Foreign Assets from such purchaser or dealer. The Custodian shall provide to each Board the information with respect to custody and settlement practices in countries in which the Custodian employs a Foreign Sub-Custodian described on Schedule C hereto at the time or times set forth on such Schedule. The Custodian may revise Schedule C from time to time, provided that no such revision shall result in a Board being provided with substantively less information than had been previously provided hereunder.

  • Other Conditions Precedent Each of the conditions set forth in Sections 4.1.4, 4.1.5, 4.1.6 and 4.1.10 shall have been satisfied unless the failure of any such condition to be satisfied is the result of any action or inaction by Mortgagee.

  • Waiver of conditions precedent The conditions specified in this clause 9 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

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