Environmental Arbitrator definition

Environmental Arbitrator shall have the meaning set forth in Section 12.1(e).

Environmental Arbitrator shall have the meaning given that term in Section 5.06.

Environmental Arbitrator has the meaning set forth in Section 3.21.

Examples of Environmental Arbitrator in a sentence

• Each of Seller and Buyer shall bear one-half of the costs and expenses of the Environmental Arbitrator.

• The Environmental Arbitrator shall act as an expert for the limited purpose of determining the specific disputed Environmental Defects and/or Remediation Amounts submitted by either Party and may not award damages, interest or penalties to either Party with respect to any matter.

• In making his determination, the Environmental Arbitrator shall be bound by the rules set forth in this Section 12.1 and, subject to the foregoing, may consider such other matters as in the opinion of the Environmental Arbitrator are necessary or helpful to make a proper determination.

• The Environmental Arbitrator, however, may not award Buyer its share of any greater Remediation Amount than the Remediation Amount claimed by Buyer in its applicable Environmental Defect Notice.

• In the event the Parties are unable to mutually agree upon the Environmental Arbitrator within such time period, then each Party will nominate a candidate to be the Environmental Arbitrator, and such candidates so nominated by the Parties shall together determine the Environmental Arbitrator.

More Definitions of Environmental Arbitrator

Environmental Arbitrator shall have the meaning set forth in Section 10.4.

Environmental Arbitrator is defined in Section 4.5.

Environmental Arbitrator is defined in Section 5.2(c).

Environmental Arbitrator has the meaning set forth in Section 9.2(d)(i).

Environmental Arbitrator has the meaning set forth in Section 3.2(g)(iii).

Environmental Arbitrator has the meaning set forth in Section 6.5 of this Agreement.

Environmental Arbitrator shall have the meaning given that term in Section 5.06. “Environmental Defect” shall have the meaning given that term in Section 5.02.