Environmental Loss means any loss, cost, damage, liability, deficiency, fine, penalty or expense (including, without limitation, reasonable attorneys' fees, engineering and other professional or expert fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily incurred) and damages to, loss of the use of or decrease in value of the Equipment arising out of or related to any Adverse Environmental Condition.
Environmental Loss means any loss, damages, costs, expenses or liabilities (other than Consequential Loss) caused by a discharge of Hydrocarbons, pollutants or other contaminants into or onto any medium (such as land, surface water, ground water and/or air) arising out of, relating to, or connected with this Agreement or the operations carried out under this Agreement, including any of the following: (i) injury or damage to, or destruction of, natural resources or real or personal property; (ii) cost of pollution control, cleanup and removal; (iii) cost of restoration of natural resources; and (iv) fines, penalties or other assessments.
Environmental Loss means any loss, cost, damage, liability, deficiency, fine, penalty or expense (including, without limitation, reasonable attorneys’ fees, engineering and other professional or expert fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily incurred) and damages to, loss of the use of or decrease in value of the Collateral arising out of or related to any Adverse Environmental Condition.
Examples of Environmental Loss in a sentence
Hillsdale Environmental Loss Prevention and the Natural ResourcesDefense Council each filed separate complaints, but the cases were consolidated.
Corporate Social Responsibility and Corporate Liability for Environmental DamageGlinski, Carola, 2021, Environmental Loss and Damage in a Comparative Law Perspective.
Environmental Loss Contingencies We are subject to various federal, state, regional and local environmental protection and health and safety laws and regulations governing, among other things, the generation, storage, handling, use, disposal and transportation of hazardous materials; the emission and discharge of hazardous and other materials into the environment; and the health and safety of our employees.
See Note 5 - Commitments and Contingencies, “Portland Harbor” and “Other Legacy Environmental Loss Contingencies” in the Notes to the Unaudited Condensed Consolidated Financial Statements in Part I, Item 1 of this report.
Limit of Indemnity for Environmental Liability The Company’s liability under this Section for all damages (including interest thereon) payable in respect of any one Environmental Loss or in the aggregate in respect of a series of Environmental Losses arising out of any one original cause, shall not exceed the Limit of Indemnity for Environmental Liability stated in the Schedule.
More Definitions of Environmental Loss
Environmental Loss means any Liability or Loss arising out of, related to or in connection with, the use, treatment, removal, storage, disposal, presence, migration, transport, handling, manufacture, possession, distribution, or the actual or threatened emission, injection, escape, dumping, spill, leak, discharge or release of Hazardous Materials, including potential or actual liability for investigatory costs, cleanup costs, governmental response costs, natural resource damages, property damages, personal injuries or penalties.
Environmental Loss means any loss, cost, damage, liability, deficiency, fine, penalty or expense (including without limitation, reasonable attorneys' fees, engineering and other professional or export fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily incurred) and damages to, loss of the use of or decrease in value of the Equipment arising out of or related to any Adverse Environmental Condition. (h) "Person" shall include any individual, partnership, corporation, trust, unincorporated organization, government or department or agency thereof and any other entity. 5. Lessee shall fully and promptly pay, perform, discharge, defend, indemnify and hold harmless Lessor and its Affiliates, successors and assigns, directors, officers, employees and agents from and against any Environmental Claim or Environmental Loss. Defense and indemnification under this Section is conditioned upon Lessor giving Lessee timely written notice of any claim against which Lessor wishes to be indemnified hereunder (unless Lessee learns of any such claim from a third party, or unless Lessor does not learn of such claim until such time as Lessor, acting prudently on its own behalf, would be precluded from defending by applicable law or rules), and Lessor giving Lessee necessary and appropriate information and assistance in the defense of same. Lessee's obligation to pay or reimburse reasonable fees of counsel selected by Lessor to defend any such claim shall be conditioned upon Lessee's approval of such counsel, which approval shall not be unreasonably withheld or delayed. Lessor shall provide Lessee with periodic status reports on the defense or settlement of such claim, upon Lessee's reasonable request, and Lessor shall seek Lessee's consent to any proposed settlement of such claim. If Lessee does not consent to a proposed settlement of a claim, it shall advise Lessor of its specific objections to the proposed settlement and shall identify with particularity the terms, if any, upon which it would consent to a settlement of the claim. If Lessor settles any such claim without Lessee's consent and Lessee objects to indemnifying Lessor for such settlement, then Lessor and Lessee agree to submit the question of the reasonableness of the settlement to binding arbitration. In such arbitration, the arbitrator shall be jointly selected by the parties (or, if they cannot agree on an arbitrator, one shall be selected according to the rules of the American Arbitration Associat...
Environmental Loss means any losses, damages, costs, or liabilities (other than Consequential Loss) caused by a discharge of Petroleum, pollutants, or other contaminants into or onto any medium (including land, surface water, ground water and/or air) relating to this Agreement or the operations carried out under this Agreement, including: (i) injury or damage to, or destruction of, natural resources or real or personal property; (ii) cost of pollution control, clean-up and removal;
Environmental Loss means any Loss arising out of any Environmental Contamination or any Environmental Violation or a combination of both. Environmental Loss specifically includes all costs incurred to install new improvements or make repairs or alterations to prevent the continuation of any Environmental Contamination or to remedy noncompliance with any Environmental Law and, in the case of any Special Environmental Projects, shall include the reasonable hourly costs of Company facility personnel to the extent dedicated to Remediation Activities or other activity directly related to such Special Environmental Projects. Environmental Loss specifically does not include any Claim brought by a Person other than a Governmental Authority seeking damages, contribution, indemnification, cost recovery, penalties, compensation or injunctive relief resulting from the existence or release of, or exposure to, Hazardous Substances except where such Claim is brought as a citizen’s suit in which no monetary damages are sought for the account of such Person Notwithstanding the foregoing, any Loss under CERCLA or any comparable state Environmental Law that arises out of, is based on or is in connection with the disposal by Marathon or Ashland of Hazardous Substances at a location other than a property included in the Transferred Assets shall be treated as a Marathon Excluded Liability or an Ashland Excluded Liability, as the case may be. All Environmental Losses arising from the same event, condition or set of circumstances at a particular facility shall be considered as an individual Environmental Loss for purposes of determining the applicability of the Individual Threshold Amount.
Environmental Loss means any loss, cost, damage, liability, deficiency, fine, penalty or expense (including, without limitation, reasonable attorney's fees, engineering and other professional or expert fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily incurred) and damages to, loss of the use of or decrease in value of the Equipment arising out of or related to any Adverse Environmental Condition.
Environmental Loss means a Loss suffered or incurred by an Owner Indemnified Party arising out of or as a result of: (i) any violation of any applicable Fuel Environmental Law relating to the Fuel or to the ownership, transportation, storage, use or disposition thereof; (ii) any investigation, inquiry, order, hearing, action, or other proceeding by or before any governmental agency addressing the violation of any applicable Fuel Environmental Law in connection with any Fuel-Related Activity; (iii) any claim, demand or cause of action, or any action or other proceeding, whether meritorious or not, brought or asserted against any Owner Indemnified Party which directly or indirectly relates to, arises from or is based on any of the matters described in clauses (i) or (ii), or any allegation of any such matters; or (iv) any cost of reclamation or remediation with respect to any property, whether then owned by such Owner Indemnified Party or by another person and whether legally imposed under a Fuel Environmental Law or as a result of a Legal Proceeding or necessary to restore an Owner Indemnified Party's property to the condition it was in and/or the value it held prior to any damage suffered as a result of any Fuel-Related Activity.