Aggregate Environmental Defect Value definition

Aggregate Environmental Defect Value is defined in Section 8.6.
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Aggregate Environmental Defect Value means the Aggregate Environmental Defect Values for all Disqualifying Environmental Conditions established pursuant to Section 4.8 in a manner consistent with a reasonably prudent operator and in compliance with Environmental Laws.
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Examples of Aggregate Environmental Defect Value in a sentence

  • If the Environmental Defect Value with respect to any single Environmental Defect is less than $50,000 (the “De Minimis Environmental Defect Cost”), such cost shall not be considered in calculating the Aggregate Environmental Defect Value and no adjustment to the Purchase Price shall be made on account of De Minimis Environmental Defect Costs.

  • If the Environmental Defect Value with respect to any single Environmental Defect is less than One Hundred Thousand Dollars ($100,000.00) ("De Minimis Environmental Defect Cost"), such cost shall not be considered in calculating the Aggregate Environmental Defect Value.

  • If the Environmental Defect Value with respect to any single Environmental Defect is less than $10,000, such cost shall not be considered in calculating the Aggregate Environmental Defect Value.

  • Either Party shall have the option to terminate this Agreement if the Aggregate Environmental Defect Value exceeds five percent (5%) of the Purchase Price.

  • Environmental Defects with an agreed individual value of less than Fifteen Thousand Dollars ($15,000.00) shall be considered “Minimal Environmental Defects” and shall not be included in the calculation of the Aggregate Environmental Defect Value.

  • If the Environmental Defect Value with respect to any single Environmental Defect is less than One Hundred Thousand Dollars ($100,000.00) (“De Minimis Environmental Defect Cost”), such cost shall not be considered in calculating the Aggregate Environmental Defect Value.

  • If the Environmental Defect Value with respect to any single Environmental Defect is less than the Individual Defect Threshold, such cost shall not be considered in calculating the Aggregate Environmental Defect Value.