Environmental reserves definition

Environmental reserves means areas of environmental impor- tance, sites established for the continuance of environmental baseline monitoring, and/or areas of historical, geological or biological in- terest requiring special protective management.

Environmental reserves means areas of environ- mental importance, sites established for the continuance of environmental baseline monitoring, and/or areas of histori- cal, geological or biological interest requiring special protec- tive management.

Environmental reserves means reserves (determined from time to time by Agent in its Permitted Discretion) for the estimated remediation of any Environmental Liabilities and Costs as Agent in its Permitted Discretion determines may be assessed against Borrower or any Real Property Collateral.

Examples of Environmental reserves in a sentence

• Environmental Reserves Although the Company does not specifically underwrite policies that include environmental damage and toxic tort liability, the Company may be required to defend such claims.

• Asbestos and Environmental Reserves AIG continues to receive claims asserting injuries from toxic waste, hazardous substances, and other environmental pollutants and alleged damages to cover the cleanup costs of hazardous waste dump sites, referred to collectively as environmental claims, and indemnity claims asserting injuries from asbestos.

• Environmental Reserves The Company reviews on a quarterly basis estimated future remediation costs and has an established practice of estimating environmental remediation costs over a fifteen-year period, except for those environmental remediation costs with a specific contractual term.

More Definitions of Environmental reserves

Environmental reserves means, at any time of computation thereof, the reserves for Environmental Liabilities which have been, or (if greater) are required to be, recorded on the consolidated balance sheet of the Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP applied on a Consistent Basis.

Environmental reserves means areas of environmental importance, sites established for the

Environmental reserves means reserves (determined from time to time by Agent in its Permitted Discretion) for the estimated costs of Remedial Action associated with any Real Property Collateral.