Individual Environmental Threshold definition

Individual Environmental Threshold shall have the meaning set forth in Section 12.1(d).

Individual Environmental Threshold has the meaning set forth in Section 9.2(c). “Individual Title Benefit Threshold” has the meaning set forth in Section 8.2(h)(ii). “Individual Title Defect Threshold” has the meaning set forth in Section 8.2(h)(i).

Individual Environmental Threshold has the meaning set forth in Section 3.2(h)(i).

Examples of Individual Environmental Threshold in a sentence

• If a single Environmental Defect or series of related Environmental Defects affects several Well Locations in the same drilling or spacing unit, then such Environmental Defect(s) shall be deemed to have exceeded the Individual Environmental Threshold if the total amount by which such Environmental Defect(s) reduce(s) the Allocated Value(s) of all the affected Well Locations exceed(s) the Individual Environment Threshold.

• The Parties agree that if the same Environmental Condition affects more than one Well, Fee Interest or Undrilled Location, then the Remediation Amounts for each Well, Fee Interest or Undrilled Location affected by such Environmental Condition shall be aggregated, without duplication of any costs or losses included in another Remediation Amount hereunder, for the purposes of determining whether the Individual Environmental Threshold has been met with respect to such Environmental Condition.

• The Parties agree that if the same Environmental Defect affects more than one Asset, then the Remediation Amounts for each Asset affected by such Environmental Defect shall be aggregated, without duplication of any costs or losses included in another Remediation Amount hereunder, for the purposes of determining whether the Individual Environmental Threshold has been met with respect to such Environmental Defect.

• Seller represents to Buyer that, to Seller’s Knowledge, as of the date hereof, there is no individual Environmental Defect affecting any of the Assets with an Environmental Defect Amount in excess of the Individual Environmental Threshold.

• The Parties hereby agree that the amount of the sum of (1) the aggregate Title Defect Amounts of all asserted and uncured Title Defects that exceed the Individual Title Defect Threshold, plus (2) the aggregate Remediation Amounts of all Environmental Defects that exceed the Individual Environmental Threshold, does not exceed the Aggregate Deductible.

More Definitions of Individual Environmental Threshold

Individual Environmental Threshold means $50,000.

Individual Environmental Threshold means [***].

Individual Environmental Threshold means $100,000.

Individual Environmental Threshold means an amount equal to $75,000.

Individual Environmental Threshold has the meaning set forth in Section 7.1(d). “Individual Title Defect Threshold” means $50,000.

Individual Environmental Threshold has the meaning set forth in Section 5.1(e) of the Acquisition Annex. “Individual Title Benefit Threshold” means $25,000.

Individual Environmental Threshold as defined in Section 12.01(e).