Environmental Defect Property definition

Environmental Defect Property has the meaning set forth in Section 7.1(a).

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Environmental Defect Property shall have the meaning given that term in Section 5.03.

Environmental Defect Property is defined in Section 4.3(b)(ii).

Examples of Environmental Defect Property in a sentence

The Environmental Arbitrator, however, may not award Buyer a greater Remediation Amount than the Remediation Amount claimed by Buyer in the applicable Environmental Defect Notice (which such award shall not exceed the Allocated Value of the applicable Environmental Defect Property).
The aggregate Environmental Defect Amounts attributable to the effects of all Environmental Defects upon an Environmental Defect Property shall not exceed the Allocated Value of such Environmental Defect Property.
In such event, however and subject to Section 2.4 of the Agreement, then the Title Defect Property or Environmental Defect Property that is the subject of such dispute will not cause any reduction of the Initial Purchase Price.
If the Environmental Defect Amount is determined to be in excess of the Allocated Value of such Environmental Defect Property, then the Buyer shall have the option to exclude the Property as set forth in Section 5.04(d).
If the Environmental Defect Amount is determined to be less than the Allocated Value of such Environmental Defect Property, then, in a subsequent Closing, the Environmental Defect Property shall be assigned to Buyer in the same manner set forth in Section 5.04(a).

More Definitions of Environmental Defect Property

Environmental Defect Property is defined in Section 5.3(b)(ii).

Environmental Defect Property means the Asset affected by the Environmental Defect.

Environmental Defect Property is defined in Section 4 of Exhibit A.

Environmental Defect Property has the meaning set forth in Section 3.2(a).

Environmental Defect Property shall have the meaning set forth in Section 12.1(a). “Environmental Indemnity Agreement” shall have the meaning set forth in Section 12.1(b)(iv).

Environmental Defect Property shall have the meaning given that term in Section 5.03. “Environmental Examination Period” shall have the meaning given that term in Section 5.01(a).

Environmental Defect Property means the individual Well affected by the Environmental Defect.