Examples of Environmental Threshold Amount in a sentence
If either (i) the Threshold Amount, or (ii) the Environmental Threshold Amount, or (iii) the Tax Threshold Amount is exceeded, Purchasers shall be entitled to the payment of damages pursuant to this Agreement only in the exceeding amount (Freibetrag).
In addition, if Seller's share of the proposed reduction under Section 5.4.b.i as to any single incident exceeds $50,000.00, there shall be no reduction to the Purchase Price until such time as the total of these excess amounts (over $50,000.00) exceeds $500,000.00 (the "ENVIRONMENTAL THRESHOLD AMOUNT") but, in such event, the Purchase Price reduction shall be inclusive of the Environmental Threshold Amount.
If the sum of Seller's share of all Actual Environmental Defect Values of all Qualifying Environmental Defects does not exceed the Environmental Threshold Amount, then Buyer shall retain the interests in the Assets subject to all Environmental Defects and Seller shall have no further obligation or liability relating to any Environmental Defects.
In addition, if Seller's share of the proposed reduction under Section 5.4.b(i) as to any single incident exceeds $50,000.00, there shall be no reduction to the Purchase Price until such time as the total of these excess amounts (over $50,000.00) exceeds $1,000,000.00 (the "ENVIRONMENTAL THRESHOLD AMOUNT") but, in such event, the Purchase Price reduction shall exclude the Environmental Threshold Amount.
In addition, if Seller's share of the proposed indemnity amount under Section 5.5.a or reduction to the Purchase Price under Sections 5.5.b or 5.5.c as to any single incident exceeds Twenty Thousand Dollars ($20,000), there shall be no indemnification by Seller of Buyer under Section 5.5.a or reduction to the Purchase Price under Sections 5.5.b or 5.5.c until such time as the total of these excess amounts (over $20,000) exceeds five percent (5%) of the Purchase Price (the "Environmental Threshold Amount").
There shall be no reduction to the Purchase Price until such time as the sum of all Environmental Defect Values exceeds Seventy-Five Thousand Dollars ($75,000) (the “Environmental Threshold Amount”) but, in such event, the Purchase Price reduction shall include the Environmental Threshold Amount.
Notwithstanding the foregoing, Seller’s obligation under this Section 5.5 is effective only if the Environmental Threshold Amount is exceeded (in which event Seller’s Pre-Closing Environmental Liabilities shall include the Environmental Threshold Amount and if, and to the extent that, Buyer gives written notice to Seller of an asserted Pre-Closing Environmental Liability within six (6) months from the date of Closing (“Retained Environmental Liability”).
In addition, there shall be no reduction to the Purchase Price under Sections 5.5.a or 5.5.b until such time as Seller's share of the total of these amounts for Qualifying Environmental Defects exceeds one percent (1%) of the Purchase Price (the "ENVIRONMENTAL THRESHOLD AMOUNT") , and, in such event, the Purchase Price reductions shall exclude the Environmental Threshold Amount.
If the Company elects not to cure (or attempt to cure) an Environmental Defect either prior to or after Closing, and the Environmental Defect or the Environmental Defect Amount is not otherwise subject to a dispute, then at Closing, the Stock Adjustment Amount shall include the applicable Environmental Defect Amount, subject to the Environmental Threshold Amount and the Environmental Defect Deductible Amount.
In the event the Environmental Threshold Amount for all un-Remediated Environmental Conditions is satisfied as finally determined by agreement between Sellers (acting through WDP) and Purchaser or arbitration, Purchaser shall be entitled to reduce the Purchase Price by the aggregate dollar amount of all Environmental Defect Values attributable to all un-Remediated Environmental Conditions, including, without limitation, those dollar amounts satisfying the Environmental Threshold Amount.