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

  • 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.


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 of a percent (1.75%) of the Base PurchasePrice.
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Environmental Deductible Amount means an amount equal to $8,400,000.
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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. An amount equal to ONE MILLION AND NO/100 DOLLARS ($1,000,000.00).
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Related to Environmental Deductible Amount

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Indemnity Cap has the meaning set forth in Section 8.4.3.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Mental deficiency means mental deficiency as defined by appropriate clinical authorities to such extent that a person so afflicted is incapable of managing himself and his affairs, but shall not include mental illness as defined herein.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Required Capital Amount means $5,000,000.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Environmental CapEx Debt means Indebtedness of the Company or any of its Subsidiaries incurred for the purpose of financing capital expenditures to the extent deemed reasonably necessary, as determined by the Company or any of its Subsidiaries, as applicable, in good faith and pursuant to prudent judgment, to comply with applicable Environmental Laws.

  • Environmental Liabilities means all Liabilities relating to, arising out of or resulting from any Hazardous Materials, Environmental Law or contract or agreement relating to environmental, health or safety matters (including all removal, remediation or cleanup costs, investigatory costs, response costs, natural resources damages, property damages, personal injury damages, costs of compliance with any product take back requirements or with any settlement, judgment or other determination of Liability and indemnity, contribution or similar obligations) and all costs and expenses, interest, fines, penalties or other monetary sanctions in connection therewith.

  • Material Environmental Amount an amount payable by the Borrower and/or its Subsidiaries in excess of $5,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • de minimis amount means no more than 5 percent of the total power flows in both directions, calculated in accordance with the “5 percent test” set forth in IRS Notice 88-129. This is not intended to be an exclusive list of the relevant conditions that must be met to conform to IRS requirements for non-taxable treatment. At Connecting Transmission Owner’s request, Developer shall provide Connecting Transmission Owner with a report from an independent engineer confirming its representation in clause (iii), above. Connecting Transmission Owner represents and covenants that the cost of the Connecting Transmission Owner’s Attachment Facilities paid for by Developer will have no net effect on the base upon which rates are determined.