Known Environmental Condition definition

Known Environmental Condition any Hazardous Activity or Release of Hazardous Materials actually or constructively known by any current or former officer, director, employee or agent of Seller at the time of Closing, or referenced in any documents maintained by or provided to Seller or any Governmental Body, including, but not limited to those documents posted in the electronic data room created in connection with the transaction contemplated by this Agreement and the Enercon Phase I and II Environmental Site Assessments, each dated November 18, 2009.

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Known Environmental Condition means an Environmental Condition, of which Seller or the Company had knowledge on or before the Closing Date, and which was caused by operation of or occurred or existed on any of the Properties prior to the Closing Date.

Known Environmental Condition has the meaning specified in Section 9.02(b).

Examples of Known Environmental Condition in a sentence

In addition to establishing the manner and method for addressing the Known Environmental Condition, the information regarding the Known Environmental Condition is being provided consistent with requirements of California Health and Safety Code Section 25359.7.
Buyer acknowledges the confidential nature of any information developed or obtained by Buyer with regard to the Known Environmental Condition of the Property and the Unknown Conditions.
For the avoidance of doubt, the Buyer may not, however, object to any Known Environmental Condition.
Developer shall perform all Remediation and other Work related to the Known Environmental Condition with respect to each NCF Phase E in accordance with Applicable Laws and as part of the Cost of the Work.
The DISTRIBUTABLE PORTION shall mean (i) the Escrow Fund as it exists on such date, less (ii) the amount(s) designated on Schedule 12.5 with respect to each Known Environmental Condition as to which the associated Satisfaction Condition has not been completed, subject to adjustment as hereinafter provided, (the "ENVIRONMENTAL HOLDBACK"), less (iii) the aggregate of all other claims arising under Article XII which are pending but not yet resolved (the "OTHER CLAIMS").

More Definitions of Known Environmental Condition

Known Environmental Condition has the meaning set forth in Section 1.6(c).

Known Environmental Condition means any Hazardous Materials at, on, under or migrating to or from the Property as of the Closing as described or referenced in the Due Diligence Items, Disclosure Items or in reports or other documents on file with the DEEP, or otherwise publicly available, including any Pre-Existing Environmental Conditions or Post-Sale Environmental Conditions (as those terms are defined in the Access Agreement) that exist as of the Closing.

Known Environmental Condition shall have the meaning set forth in the Remediation Agreement.

Known Environmental Condition means any Environmental Condition listed on Schedule 7.3(b).

Known Environmental Condition has the meaning set forth in Section 4.15(c).

Known Environmental Condition means the presence of any Hazardous Materials in, on or under the Site and/or located within the existing improvements disclosed to Developer in the documentation described in Exhibit D or discovered by Developer’s due diligence examinations and investigations pursuant to Section 4.01(A) and the Pre-Development Phase Business Plan, including the ▇▇▇▇▇▇ Environmental Condition, which, pursuant to applicable Environmental Laws, may require investigation, abatement and/or remediation as a condition to the development and construction of County Buildings.

Known Environmental Condition means any Hazardous Substance contamination in soil or groundwater known to be existing as of the Closing Date at the Owned Real Property or Leased Real Property as generally described on Schedule 11.1.