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

• Ongoing Environmental Reserve ($) Loan Agreement Monthly required environmental reserves, as stated in the Loan Agreement.

• Upfront Environmental Reserve ($) Loan Agreement Upfront environmental reserves, as stated in the Loan Agreement.

• Agent shall hold $100,000 of the Environmental Reserve for the completion of the Pasco VCP and shall hold $350,000 of the Environmental Reserve for the completion of the Port Angeles VCP (or the Mandated Plan).

• Total Enterprise Value Distributions of New Common Stock to Holders of Allowed Claims, and the establishment and maintenance of the Disputed Claims Reserve, Diacetyl Reserve and Environmental Reserve, as described below, shall be based upon, among other things, the New Chemtura Total Enterprise Value.

• On the date hereof, Borrower shall deposit $0 into the Deferred Maintenance and Environmental Reserve Account, which amounts shall be used for payment of costs incurred by Borrower in connection with any deferred maintenance or Remediation required pursuant to this Agreement.

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 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 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;

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

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 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 has the meaning given to such term in Section 3.2(f).