Environmental Defect Deductible definition

Environmental Defect Deductible means an amount equal to two percent (2%) of the unadjusted Purchase Price.
Sample 1Sample 2Sample 3
Environmental Defect Deductible means an amount equal to 1.5% of the Base Purchase Price.
Sample 1Sample 2
Environmental Defect Deductible is defined in Section 5.4.
Sample 1

Examples of Environmental Defect Deductible in a sentence

  • The amount of the reduction in Purchase Price shall be the aggregate amount of Environmental Defect Values that exceed the Environmental Defect Deductible.

  • Upon Closing, if and to the extent the aggregate of all Environmental Defects exceeds the Environmental Defect Deductible, and subject to subsection 5.3 C below, Seller shall retain and pay, perform, fulfill and discharge all claims, cost, expenses, liabilities and obligations accruing or relating to and release Buyer from all Losses attributable to and relating to Environmental Defects for which Seller receives a timely Environmental Defect Notice (the "Retained Environmental Liabilities").

  • This stage can be easy to detect because the proceeds of crime are most obvious.

  • Seller may also apply any part of the Environmental Defect Deductible to the cost of any Remediation undertaken by Seller pursuant to the option set forth in Section 5.5(b)(i).

  • If the Base Purchase Price reduction which would result from the above provided for procedure as applied to all Asserted Environmental Defects for which an adjustment is to be made exceeds the Environmental Defect Deductible, the Base Purchase Price shall be adjusted by the amount by which such reduction exceeds the Environmental Defect Deductible (the “Environmental Defect Amount”).


More Definitions of Environmental Defect Deductible

Environmental Defect Deductible means 1.5% of the unadjusted Participating Purchase Price.
Sample 1Sample 2
Environmental Defect Deductible has the meaning assigned to such term in Section 7.7(b).
Sample 1Sample 2
Environmental Defect Deductible means an amount equal to one percent (1.0%) of the aggregate Allocated Values.
Sample 1Sample 2
Environmental Defect Deductible shall have the meaning given that term in Section 5.05.
Sample 1
Environmental Defect Deductible shall be as defined in Section 7.3.
Sample 1
Environmental Defect Deductible means two (2%) of the Base Purchase Price. “Environmental Defect Threshold” means $50,000.
Sample 1
Environmental Defect Deductible means $50,000. “Environmental Escrow Amount” means $5,000,000.
Sample 1