Material Adverse Environmental Effect definition

Material Adverse Environmental Effect is defined herein as (i) any violation of Environmental Laws, (ii) any Environmental Claim or penalty arising under Environmental Laws, or (iii) any Release of Hazardous Substances; resulting in Environmental Losses of Five Hundred Thousand and No/100 Dollars ($500,000.00) or more.
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Material Adverse Environmental Effect means any environmental release, discharge, or contamination, or any injunction, cease and desist order, show cause order, or other administrative or judicial order issued under any Environmental Laws, which has resulted in, or is reasonably likely to result in,
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Material Adverse Environmental Effect means, with reference to a breach of any representation, warranty or covenant of Section 3.1.32 by Seller or ▇▇▇▇▇ which requires an adjustment to the Purchase Price, a matter that alone or in the aggregate with any other matter described in Section 3.1.32 (whether or not material) results in an expense, liability or obligation to the Buyer or its Subsidiaries in excess of $50,000 (provided, however, that this limitation shall not affect Sellers' obligations to remediate any Environmental Condition under Section 3.1.32 or 3.2.19).
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Examples of Material Adverse Environmental Effect in a sentence

  • The term "Material Adverse Environmental Effect" is defined herein as (i) any further violations regarding matters set forth in the ▇▇▇▇ Discharge Report, (ii) any violation of Environmental Laws, (iii) any Environmental Claim or penalty arising under Environmental Laws, or (iv) any Release of Hazardous Substances; resulting in Environmental Losses of Five Hundred Thousand and No/100 Dollars ($500,000.00) or more.

  • The term "Material Adverse Environmental Effect" is defined herein as (i) any violation of Environmental Laws, (ii) any Environmental Claim or penalty arising under Environmental Laws, or (iii) any Release of Hazardous Substances; resulting in Environmental Losses of Five Hundred Thousand and No/100 Dollars ($500,000.00) or more.

  • To Borrower's Knowledge, there have been no past, and there are no present, Releases of any Hazardous Substance that are reasonably likely to form the basis of any Environmental Claim against Borrower, the Project or against any Person whose liability for any Environmental Claim Borrower has or may have retained or assumed either contractually or by operation of law, which Environmental Claim is reasonably likely to result in a Material Adverse Environmental Effect.

  • To Borrower's Knowledge, there is no threat of a Release of Hazardous Substances migrating to the Project which is reasonably likely to result in a Material Adverse Environmental Effect.

  • Except for matters set forth in the Environmental Reports: To Borrower's Knowledge, Borrower and the Project are in compliance with all applicable Environmental Laws except where the failure to comply with such laws is not reasonably likely to result in a Material Adverse Environmental Effect and there are no underground storage tanks at the Project.