Environmental Cap definition

Environmental Cap has the meaning set forth in Section 23.6(b)(iv).

Environmental Cap has the meaning ascribed to that term in Section 3.08(a).

Environmental Cap has the meaning set forth in Section 13.4(a)(ii) hereof.

Examples of Environmental Cap in a sentence

• Notwithstanding the foregoing, the Environmental Cap will be reduced to $7,500,000.00 on the day immediately following the termination of the Escrow Agreement.

• The Deductible shall not be applied against or reduce any amounts payable in respect of any of the Retained/Assumed Liabilities or Covered Matter Losses or Special Environmental Losses, and no payments of the Retained/Assumed Liabilities by Seller shall be included in calculating liabilities subject to the Cap, the Cap for Fraud and Other Special Losses, any of the Covered Matters Caps, or the Special Environmental Cap.

• The Seller shall reimburse the Buyer, up to the Seller’s Maximum Environmental Cap, for Buyer’s actual costs and expenses incurred in connection with the completion of the items set forth in subparagraph (i) and (ii) above upon Buyer’s presentation of true and complete copies of all paid invoices and receipts.

• The Environmental Cap shall further be adjusted, downward by one-half of the amount, if any, that the Company shall recover (after the date hereof and whether before or after the Closing) from the escrow under the Contingent Payment Agreement.

• Notwithstanding the foregoing, the provisions of Sections 3.06(d)(i) and (ii) shall not apply to the Existing Sponsors’ obligations to reimburse the Public Company Group for any Covered Environmental Losses under Section 3.01(a)(i) or Section 3.01(a)(ii), which for the avoidance of doubt shall continue to be subject to the Environmental Cap.

More Definitions of Environmental Cap

Environmental Cap has the meaning Section 10.2(b)(iv) specifies.

Environmental Cap shall have the meaning set forth in Section 10.3(b)(iii).

Environmental Cap is defined in Section 2.6(a).

Environmental Cap shall have the meaning specified in 11.4(c)(ii).

Environmental Cap has the meaning given such term in Section 5.02(e).

Environmental Cap shall have the meaning set forth in Section 11.6(a)(iii).

Environmental Cap. 7.15(b) “Equitable Exceptions” § 4.04(a) “ERISA Affiliate” § 4.10(b) “Escrow Agreement” § 8.03(e)