Environmental Assets definition

Environmental Assets as used in this Section 8.7 shall consist of: (i) costs for Remedial Measures attributable to Known Pollution that are recoverable, using best efforts, from the UST Fund, and (ii) costs placed in the Environmental Escrow as defined below. An environmental escrow in an amount agreed on by Purchaser and Sellers (the “Environmental Escrow”) pursuant to an environmental escrow agreement (the “Environmental Escrow Agreement”) shall be created at Closing from Sellers’ proceeds for Remedial Measures for Known Pollution that are not recoverable from the UST Fund, if any, including the applicable deductible under the UST Fund. Any funds not so used shall be refunded to Sellers. The Environmental Escrow shall not include matters for which Sellers are providing indemnification under Section 8.7(g).
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Environmental Assets has the meaning set forth in Section 8.7(d).
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Environmental Assets means (i) costs for Remedial Measures attributable to Known Pollution that are recoverable from the Tennessee Petroleum Underground Storage Tank Fund (“UST Fund”); and (ii) the PLL Policy.
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Examples of Environmental Assets in a sentence

  • Immediately following the transfer of Assets and assumption of Liabilities contemplated by Section 2.12, the parties hereto will cause the transactions contemplated by the Purchase and Sale Agreements to be consummated, pursuant to which (i) Brow▇ ▇▇▇l purchase the Teledyne Environmental Assets from Teledyne Environmental for approximately $6,800,000 in cash, (ii) Teledyne Technologies Ltd.

  • Alternatively, and where not prohibited by Law or the terms of any Environmental Permit, the parties may execute an agreement providing that some or all of the operations of the Transferred Business and the Transferred Environmental Assets will be conducted after Closing, subject to the same material operating conditions and discharge limitations, pursuant to existing Permits held by DuPont, DPC or DPI, as applicable.

  • Diverting e-waste materials from disposal also avoids associated tip fees, and supports the City’s Strategic Plan Goal for stewardship of Physical and Environmental Assets by keeping hazardous materials out of landfills.

  • Kaiser shall execute and deliver such further instruments of transfer and assignment as AKW may reasonably request to effect the transfer and assignment of the Environmental Assets to AKW.

  • Kaiser hereby disclaims all other representations or warranties expressed or implied as to the condition, value or quality of the Environmental Assets, and specifically disclaims with respect to the Environmental Assets any representations and warranties of merchantability, usage or fitness for any particular purpose, it being ▇▇▇▇▇▇'▇ intent, except as otherwise provided in the Agreement, to convey the Environmental Assets sold hereby AS IS, WHERE IS.

  • Southern Indiana acknowledges that if APG becomes the owner of Southern Indiana’s interest in Unit Four, APG has total control over these Environmental Assets.

  • The need for joint action to leverage the benefits and mitigate the risks to EAs led Member Countries (MCs) of the MRC to prepare a Strategy for Basin-wide Environmental Management (SBEM) for Environmental Assets of Regional Importance (REAs).

  • Notwithstanding the foregoing, Kaiser represents and warrants that AKW will acquire good and marketable title to the Environmental Assets free and clear of any and all liens, claims or encumbrances and Kaiser agrees to indemnify and hold AKW harmless from any loss, claim or liability arising from the breach of these representations or warranties.

  • The Environmental Assets (EAs) of the Basin, and consequently the ecosystem services they provide, are under threat.


More Definitions of Environmental Assets

Environmental Assets has the meaning set forth in Section 8.7(d). “Environmental Disclosures” has the meaning set forth in Section 8.7(a). “Environmental Escrow” has the meaning set forth in Section 8.7(d).
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