De Minimis Amounts definition
De Minimis Amounts means, with respect to any given level of Hazardous Materials, that level or quantity of Hazardous Materials in any form or combination of forms, the use, storage or release of which does not constitute a violation of, or require regulation or remediation under, any Environmental Laws and is customarily employed in the ordinary course of, or associated with, similar businesses located in the states in which the Properties are located.
De Minimis Amounts means any Hazardous Materials either (a) being transported on or from the property or being stored for use by any Loan Party, or its tenant on the property within a year from original arrival on the property in connection with such Person’s current operations or (b) being currently used by any Loan Party or its tenant on the property, in either case in such quantities and in a manner that both (a) does not constitute a material violation or threatened material violation of any Environmental Law or require any reporting or disclosure under any Environmental Law and (b) is consistent with customary business practice for such operations in the state where the property is located.
De Minimis Amounts means Hazardous Materials being used, or stored for future use, by Indemnitor on a Site and that (a) do not constitute a violation or threatened violation of Environmental Law or require any reporting or disclosure under any Environmental Law; and (b) are consistent with customary and prudent business practices for similar businesses in the county where the Site is located. De Minimis Amounts do not include Hazardous Materials being disposed of, generated, manufactured, processed, produced, released, transported, or treated.
Examples of De Minimis Amounts in a sentence
Tenant shall be prohibited from conducting or allowing the Release of Hazardous Materials onto, on, about, under or from the Demised Properties, the exception being sewer or other permitted discharges or Releases or other De Minimis Amounts, in full compliance with all Environmental Laws and any other applicable Laws.
From and after the Commencement Date, Tenant shall not be entitled to the Use of any Hazardous Materials at the Demised Properties other than De Minimis Amounts, which shall be performed in full compliance with all Environmental Laws and any other applicable Laws.
Indemnitor shall not use or permit the use of any Hazardous Materials on the Site, other than in De Minimis Amounts.
Borrower shall immediately notify Lender should Borrower become aware of (i) any Hazardous Substance (other than De Minimis Amounts) or other environmental problem or liability with respect to the Property or (ii) any Lien, action, or notice of the nature described in Section 4.10(b) above.
Except as disclosed in the Environmental Reports, Borrower has no actual knowledge of (i) any Hazardous Substances (other than De Minimis Amounts) which are located on or which have been stored, processed or disposed of on or released or discharged from (including ground water contamination) the Property, and (ii) the existence any above or underground storage tanks on the Property.
More Definitions of De Minimis Amounts
De Minimis Amounts means (i) with respect to any presence, Release or Threatened Release of Hazardous Materials, those quantities of Hazardous Materials in any form or combination of forms, which do not constitute a violation requiring regulation or remediation under any Environmental Laws in the state in which the affected Property is located, and (ii) with respect to the use or storage of Hazardous Materials in or upon any of the Properties, those quantities of Hazardous Materials customarily employed in the ordinary course of, or associated with, the operation of a Permitted Facility and used or stored in compliance with Environmental Laws.
De Minimis Amounts means, with respect to any given level of hazardous substance or solid waste, that level or quantity of hazardous substance or solid waste in any form or combination of forms which does not constitute a violation of any Environmental Laws and is customarily employed in, or associated with, similar businesses located in the county in which the Mortgaged Property is located.
De Minimis Amounts means any Hazardous Materials either (a) being transported on or from the Property or being stored for use by Development Owner or a tenant on the Property in connection with Development Owner’s or such tenant’s operations or tenancy, or (b) being used by Development Owner or a tenant on the Property, in either case in such quantities and in a manner that both (i) do not constitute a violation or threatened violation of any Environmental Laws and Regulations, Governmental Requirements or require any reporting or disclosure under any Environmental Laws and Regulations or Governmental Requirements, and (ii) is consistent with customary business practice for such operations in the state where the Property is located.
De Minimis Amounts means, with respect to any given level of Hazardous Materials, that level or quantity of Hazardous Materials in any form or combination of forms which does not constitute a violation of any Environmental Laws and is customarily employed in, or associated with, similar businesses located in the state in which the Premises is located.
De Minimis Amounts means a quantity of Hazardous Materials or Regulated Materials, which, in all instances are transported, used and/or stored, as the case may be, in a manner that (i) does not constitute a violation of any Environmental Law or require any reporting or disclosure under any Environmental Law and (ii) is consistent with customary business practice for Borrower’s or Tenant’s operations at the Property both in the state where the Property is located and under Federal law, and which is (x) transported on or from the Property in connection with Borrower’s or Tenant’s current operations; or (y) stored for use on the Property by Borrower or Tenant in connection with Borrower’s or Tenant’s current operations; or (z) currently used by Borrower or Tenant on the Property.
De Minimis Amounts means, with respect to any given level of Hazardous Materials, that such level or quantity of Hazardous Materials in any form or combination of forms (i) does not constitute a violation of any Hazardous Materials Laws, and (ii) is customarily employed in, or associated with, similar projects in the county where the Premises are located. Tenant further covenants and agrees to pay all costs and expenses associated with all enforcement, removal, remedial, or other governmental or regulatory actions, agreements, or orders threatened, instituted, or completed pursuant to any Hazardous Materials Laws, and all audits, tests, investigations, "cleanup" reports, and other such items incurred in connection with any efforts to complete, satisfy, or resolve any matters, issues, or concerns, whether governmental or otherwise, arising out of the use, generation, management, treatment, manufacturing, storage, disposal, or transportation of Hazardous Materials in any amount by Tenant, its employees, agents, invitees, subtenants, licensees, assignees, or contractors.
De Minimis Amounts means, (i) with respect to any presence, Release or Threatened Release of Hazardous Materials, those quantities of Hazardous Materials in any form or combination of forms, which do not constitute a violation requiring regulation or remediation under any Environmental Laws in the state in which the affected Premises is located, and (ii) with respect to the use or storage of Hazardous Materials in or upon the Premises, those quantities of Hazardous Materials customarily employed in the ordinary course of, or associated with the operation of a Permitted Concept and used or stored in compliance with Environmental Laws.