Environmental Deductible Amount definition

Environmental Deductible Amount means an amount equal to two percent (2%) of the Transaction Value.
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Environmental Deductible Amount has the meaning set forth in Section 8.6.
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Environmental Deductible Amount means an amount equal to one and three quarters of a percent (1.75%) of the Base Purchase Price.
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Examples of Environmental Deductible Amount in a sentence

  • Everest shall only be obligated to indemnify the Newco Indemnitees for its share of the Indemnifiable Losses (as determined pursuant to Section 4.10(d)) in excess of the Environmental Deductible Amount.

  • Newco shall only be obligated to indemnify the Everest Indemnitees for its share of the Indemnifiable Losses (as determined pursuant to Section 4.10(d)) in excess of the Environmental Deductible Amount.

  • In such event, the Base Purchase Price on the Closing shall be adjusted downward by the aggregate amount of all Losses attributable to all Environmental Defects affecting Assets that have not been excluded pursuant to Section 8.2.1(i) and 8.2.2 which collectively exceed the Environmental Deductible Amount.

  • If within one (1) year after the Effective Time Purchaser notifies Seller in writing of facts, conditions, and circumstances which constitute an Environmental Condition with respect to the Assets and such Environmental Condition results in Purchaser having aggregate losses in excess of the Environmental Deductible Amount then subject to the further limitations set forth in this Section 7.06, Seller shall indemnify Purchaser for all aggregate losses incurred from the first dollar.

  • In such event, the Base Purchase Price on the Closing shall be adjusted by the aggregate net value of the sum of all Environmental Defects which collectively exceed the Environmental Deductible Amount.


More Definitions of Environmental Deductible Amount

Environmental Deductible Amount shall have the meaning set forth in Section 4.2(b).
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Environmental Deductible Amount means an amount equal to one and three-quarters percent (1.75%) of the Base Purchase Price.
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Environmental Deductible Amount means an amount equal to $8,400,000.
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Environmental Deductible Amount. An amount equal to ONE MILLION AND NO/100 DOLLARS ($1,000,000.00).
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Environmental Deductible Amount means the amount of Environmental Losses (other than De Minimis Losses) for which Sellers would, but for this Section 10.1(c)(i), be liable and which, on a cumulative basis, equals up to $2,000,000 of Environmental Losses (other than De Minimis Losses). Except as provided pursuant to Section 10.5, for the avoidance of doubt, all such Environmental Losses count first towards the Environmental Deductible Amount and any excess thereof counts towards the Deductible Amount;
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Environmental Deductible Amount has the meaning set forth in Section 10.1(c)(i).
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Environmental Deductible Amount means an amount equal to one and three quarters of a percent (1.75%) of the Base PurchasePrice.
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