Environmental Material Adverse Effect definition

Environmental Material Adverse Effect any Environmental Liabilities that are reasonably expected to result in Damages to Seller or Buyer in an amount exceeding $250,000 per occurrence, or $1,000,000 in the aggregate.

Environmental Material Adverse Effect means a material adverse effect on the business, financial condition or prospects of Borrowers, taken as a whole, greater than or equal to $1,000,000 per single event or $5,000,000 in the aggregate for all such environmental events as a result of any condition, circumstance or contingency.

Environmental Material Adverse Effect means, with respect to the Companies, any Environmental Liabilities that are reasonably expected to exceed $5,000 per occurrence, or $20,000 in the aggregate.

Examples of Environmental Material Adverse Effect in a sentence

• Except as set forth in Part 3.24 of the Seller’s Disclosure Schedule, neither Seller, its Affiliates, nor, to the Knowledge of Seller, the operator of any Asset is subject to any Order with respect to any Asset other than Orders that are generally applicable to offshore oil and gas operators or that would not have an Environmental Material Adverse Effect.

• Except as would not have an Environmental Material Adverse Effect, no facts or circumstances exist which could reasonably be expected to result in any liability to PPRX, PRXA or Acquirer with respect to the current or past business and operations of PPRX or PRXA in connection with (i) any Release, transportation or disposal of any Hazardous Substances, or (ii) any action taken or omitted that was not in full compliance with or was in violation of any applicable Environmental Law.

• For the purpose of this subsection 7(w), the term "Environmental Material Adverse Effect" shall mean any Environmental Liabilities that are reasonably expected to exceed $100,000 per occurrence or series of related occurrences.

• Company has received any written notice since January 1, 2003 of any civil, criminal, regulatory or administrative action, claim, investigation or other proceeding or suit relating to Environmental Law or Environmental Permits, which would have an Environmental Material Adverse Effect.

• Except as would not have an Environmental Material Adverse Effect, no facts or circumstances exist which could reasonably be expected to result in any liability to Target or Acquirer with respect to the current or past business and operations of Target in connection with (i) any release, transportation or disposal of any Hazardous Substances, or (ii) any action taken or omitted that was not in full compliance with or was in violation of any applicable Environmental Law.

More Definitions of Environmental Material Adverse Effect

Environmental Material Adverse Effect means a violation of any federal, state, local, foreign or other applicable statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements, or other governmental laws or restrictions relating to pollution, protection of the environment, and occupational health or safety with respect to the release of hazardous materials into the environment, which could reasonably be expected to result in a Material Adverse Effect.

Environmental Material Adverse Effect means, with respect to the Company, all developments, occurrences or circumstances arising or worsening after the date of execution of this Agreement relating to the Company's compliance with or liability under Environmental Laws which are reasonably likely to increase the Company's aggregate liabilities and expenses under, or to comply with, Environmental Laws by greater than $4 million

Environmental Material Adverse Effect means any Environmental Liabilities that are reasonably expected to exceed $250,000 per occurrence or in the aggregate.

Environmental Material Adverse Effect means a material adverse effect on the business, properties, results of operations or financial condition of the BOMAG Group Companies, taken as a whole, in relation to Environmental Law, Environmental Permits, Environmental Contamination or Environmental Authorities resulting in a loss exceeding a minimum global amount of US$ 1,000,000, but excluding any effect resulting from or relating to (i) general political or economic conditions, general financial and capital market conditions (including interest rates) or general effects on any of the industries in which the businesses of the BOMAG Group Companies are engaged, or, in each case, any changes therein, (including as a result of (x) an outbreak or escalation of hostilities involving the United States, any country in Europe or any other country, or the declaration by the United States, any country in Europe or any other country of a national emergency or war, or (y) the occurrence of any other calamity or crisis (including any act of terrorism)), (ii) any changes in law, GAAP or any authoritative interpretations thereof, (iii) the public announcement or the becoming public of the transactions contemplated by this Agreement, (iv) any action taken or failed to be taken by Seller or any of its Affiliates (including the BOMAG Group Companies) or representatives required or contemplated by this Agreement or at the request of Purchaser, or (v) any action taken by Purchaser or any of its Affiliates or representatives, or (vi) any failure to meet internal projections;

Environmental Material Adverse Effect means all liabilities, responsibilities, claims, suits, losses, costs (including remediation, removal, response, abatement, clean-up, investigative, and/or monitoring costs and any other related costs and expenses), damages, settlements, expenses, charges, assessments, liens, penalties, fines, pre-judgment and post-judgment interest, attorney fees and other legal fees, pursuant to: (a) any agreement, order, notice, requirement, responsibility, or directive (including directives embodied in Environmental Laws), injunction, judgment or similar documents (including settlements) arising out of or in connection with any Environmental Laws, or (b) any claim by a governmental entity or other person or entity for personal injury, property damage, damage to natural resources, remediation, or similar costs or expenses incurred or asserted by such entity or person pursuant to common law or statute arising out of the release, transportation, storage or disposal of Hazardous Materials, that could reasonably be expected to result in the payment by the Company of funds in excess of $50,000 per occurrence, or $150,000 in the aggregate.

Environmental Material Adverse Effect has the meaning specified in Section 7(w).

Environmental Material Adverse Effect means any Environmental Liabilities that are reasonably expected to exceed $100,000 per occurrence or series of related occurrences, or $500,000 in the aggregate. “EPD Business” — the Engineered Products Division of Parent, including (i) the design, manufacturing, service and sale of equipment for coiled tubing, acidizing, fracturing, pumping (including nitrogen pumping equipment), railcar movers, silicon controlled rectifiers and switchgear equipment, and other related well servicing products and equipment, (ii) contract manufacturing of seismic equipment, (iii) the Hybrid Bus Business, (iv) the Snow Blower Business, and (v) the furnishing of advisory, consulting and aftermarket activities related to any of the foregoing.