Known Environmental Conditions definition

Known Environmental Conditions shall have the meaning set forth in Section 4.20(a).

Known Environmental Conditions means the Release or existence of Total Petroleum Hydrocarbon (defined as any mixture of hydrocarbons that are originally found in or derived from crude oil) in soil, soil vapor, ambient air or groundwater at the Facility as of or prior to the Closing Date.

Known Environmental Conditions has the meaning specified in Section 5.25.

Examples of Known Environmental Conditions in a sentence

• Furthermore, excluding Known Environmental Conditions, the seller agreed to assume and indemnify the Company for environmental conditions relating to the purchased assets found to be known by seller up to the date of closing of the transaction yet not disclosed to the Company at that time.

• With respect to the condition(s) relating to the Owned Real Property described in Section 5.25 of the Seller Disclosure Schedule (“Known Environmental Conditions”), Seller shall, at its sole cost and expense, investigate and remediate the Known Environmental Conditions to the extent necessary to obtain a No Further Action Status.

• Upon Seller obtaining No Further Action Status, Seller shall have no further obligation to investigate or remediate the Known Environmental Conditions unless further investigation or remediation with respect to the Known Environmental Conditions is required by Environmental Law or subsequently is required by a Governmental Entity.

• Additionally, applicants are required to complete the Applicant Certification of Known Environmental Conditions and submit photographs of the overall property, existing conditions and all proposed improvement areas.

• In addition to and without limiting any of the Indemnitors' obligations hereunder, Indemnitors shall undertake a Remediation of the Known Environmental Conditions to the extent required by Environmental Laws.

More Definitions of Known Environmental Conditions

Known Environmental Conditions has the meaning provided in SECTION 2(D) hereof.

Known Environmental Conditions means (i) all Environmental Conditions set forth on Schedule 1.2 (which such schedule shall be [*] to include any and all additional Environmental Conditions [*] and (ii) all Environmental Conditions [*] delivered on or prior to [*] pursuant to Section 8.16 and (iii) all Environmental Conditions arising out of or revealed by [*].

Known Environmental Conditions means Pre-Closing Environmental Conditions that are identified in the Environmental Documents or could be reasonably extrapolated therefrom.

Known Environmental Conditions means the conditions described on Schedule 1(c).

Known Environmental Conditions means the Environmental Conditions described in Schedule 3.22, and any other Environmental Conditions that are discovered through the course of further investigations conducted at such facilities as a result of the conditions described in Schedule 3.22 and are as a result of a release of Hazardous Substances occurring on or before the Closing Date.

Known Environmental Conditions means any investigation, delineation, sampling, testing, cleanup, natural attenuation, monitoring, reporting, mitigation activity, potable well replacement, vapor mitigation or any other action or activity of any kind related to pollution or contamination of the environment, including any surface or groundwater, potable water, sediment, soil, indoor or outdoor air or any other media, and any nuisance, trespass, vapor intrusion, damage or alleged damage to any real property, personal property or natural resource or harm or alleged harm to human health or safety, or any other condition relating to the Release, use, generation, treatment, storage, introduction, handling, processing, transportation or transfer of any Hazardous Materials at, on, in, under, from or to the Newport Beach Property or the Xxxxxx Ford Property regardless of (a) whether such Release was caused by the Company, its Subsidiaries or predecessors or any other Person, (b) whether or not at the time the facts and circumstances resulting in the contamination or Release occurred were a violation of or created liability under any Environmental Law, and (c) when such a Release occurred prior to the Closing Date, but including the post-Closing migration or degradation of Hazardous Materials that existed at, on, in, under or about the Newport Beach Property or the Xxxxxx Ford Property as of the Closing Date.

Known Environmental Conditions means those certain existing Environmental Conditions depicted in the Environmental Reports that required response or remedial actions in connection therewith.