Environmental Reserve definition

Environmental Reserve means the reserve to be created by Chemtura Corporation and the Subsidiary Debtors to hold a contribution of Cash from Chemtura Corporation and the Subsidiary Debtors in an amount to be determined by the Bankruptcy Court or agreed to by the Debtors (with the consent of the Creditors’ Committee and the Ad Hoc Bondholders’ Committee, which consent shall not be unreasonably withheld) and the holders of Disputed Environmental Claims, which reserve shall be held for the benefit of holders of Allowed Environmental Claims for distribution according to the procedures set forth in Article IX.

Environmental Reserve means dedicated lands that are provided to a municipality or to the Crown, as the case may be, pursuant to section 185;

Environmental Reserve means a reserve determined by the Administrative Agent in its sole discretion for costs associated with (a) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (b) exposure to any Hazardous Materials or (c) any Release.

Examples of Environmental Reserve in a sentence

• The Property Owner shall not use any of the Environmental Reserve or such areas for mooring of or temporary placement or storage of boats, kayaks or any other watercraft, or any of the Property Owner's other property.

• On the Initial Distribution Date, the Disbursing Agent shall provide to each holder an of Allowed Environmental Claim a distribution (if any) from the Environmental Reserve equal to its Allowed Environmental Claim, without any interest to be paid on account of such Claim.

• Environmental Reserve: Dedicated lands that are provided to a municipality for protecting or conserving natural or environmentally-sensitive areas, or that were dedicated as public reserve and transferred to a municipality pursuant to The Act.

• The MBRF may be included as a component of the City’s broader Environmental Reserve Fund.

• The Property Owner further acknowledges and agrees that none of its guests or other invitees will use the Environmental Reserve or such areas in any such manner, and if any of such guests or invitees do so, the Developer shall be entitled to recover the said sum of $10,000.00 as aforesaid against the Property Owner.

More Definitions of Environmental Reserve

Environmental Reserve means reserves relating to environmental matters affecting any Eligible Real Property deemed necessary by the Administrative Agent from time to time in its Permitted Discretion.

Environmental Reserve means land (as per Section 664(1) of the Municipal Government Act) that consists of:

Environmental Reserve or “ER” means a parcel of land, or part of a parcel of land designated as an environmental reserve as defined under Section 664(1) of the Act or an Environmental Reserve Easement. Furthermore:

Environmental Reserve means an environmental reserve as determined in accordance with the Act which is land designated as environmental reserve on a plan of subdivision;

Environmental Reserve means the amount of One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00) determined in the sole discretion of Bank (as may be amended, modified or restated, from time to time).

Environmental Reserve means a reserve against the Revolving Loan Limit established by Agent in respect of amounts for which any Covenant Obligor may be required to establish cash security or pay other sums in accordance with applicable Environmental Laws, as determined by Agent in its sole discretion.

Environmental Reserve means dedicated lands that are provided to a municipality or to the Crown, as the case may be, pursuant to section 185;(q.1) “financial interest” means a financial interest within the meaning of The Cities Act, The Municipalities Act and The Northern Municipalities Act, 2010, as the case may be;