Environmental Fines Sample Clauses
The Environmental Fines clause establishes the responsibility of a party to pay for any fines, penalties, or sanctions imposed due to violations of environmental laws or regulations during the course of a contract. Typically, this clause specifies which party is liable if such fines arise, often assigning responsibility to the party whose actions or negligence caused the infraction. By clearly allocating liability for environmental penalties, the clause helps ensure compliance with environmental standards and protects the non-breaching party from unexpected financial exposure.
Environmental Fines. Seller shall upon demand, promptly pay all fines and assessments that Seller is not disputing in good faith and by appropriate proceedings, and that are attributable to (a) Seller's operation of Equipment which was not in compliance with applicable federal, state, and local laws or regulations relating to environmental protection or (b) Seller's failure to possess all required Environmental Permits; such fine or assessment shall be payable to any agency enforcing compliance with such laws and regulations or payable to the Purchaser if the Purchaser has previously paid such fines or assessments.
Environmental Fines. Each Seller shall upon demand, promptly (but not before due) pay all fines and assessments that either Seller is not disputing in good faith and by appropriate proceedings, and that are attributable to (a) either Seller's operation of Equipment which was not in compliance with applicable federal, state, and local laws or regulations relating to environmental protection or (b) either Seller's failure to possess all required Environmental Permits; such fine or assessment shall be payable to any agency enforcing compliance with such laws and regulations or to the Purchaser should the Purchaser be required to pay such fine or assessment. Purchaser shall, and Sellers shall not, be liable for any fines and assessments that are attributable to (a) Purchaser' operation of Equipment or the Facility which is not in compliance with applicable federal, state, and local laws or regulations relating to environmental protection following Closing or (b) after the expiration of a reasonable period following the application by Purchaser (with the assistance of Sellers) following Closing for transference of the Environmental Permits, Purchaser's failure to possess all required Environmental Permits.
Environmental Fines. 49 11.16 Removal of Excluded Assets...............................................................49 11.17
Environmental Fines. 39 7.14 Renegotiation of Equipment Leases............................. 39 7.15 Transferred Benefit Plans/Plan Information ................... 39 7.16 Payoff of Debts............................................... 40 7.17
Environmental Fines. The Company shall upon demand, promptly (but not before due) pay all fines, penalties, and assessments due on or before the Closing ("Environmental Fines") that the Company is not disputing in good faith and by appropriate proceedings, and that are attributable to (a) the Company's operation of Equipment which was not in compliance with applicable Environmental Laws, (b) the Company's failure to possess all required Environmental Permits, or (c) violation of applicable Environmental Laws; such Environmental Fines shall be paid directly to any agency enforcing compliance with such Environmental Laws and Environmental Permits.
Environmental Fines. 39 7.14 Renegotiation of Equipment Leases. . . . . . . . . . . 39 7.15 Transferred Benefit Plans/Plan Information . . . . . . 39 7.16 Payoff of Debts. . . . . . . . . . . . . . . . . . . . 40 7.17
Environmental Fines. Section 8.18 Environmental Permits.................................Section 5.16(b)(v) ERISA Affiliate.......................................Section 5.18(b)(vi) Escrow Account........................................Section 2.4
Environmental Fines. Seller and Shareholder shall upon demand, promptly (but not before due) pay all fines and assessments that Seller or Shareholder is not disputing in good faith and by appropriate proceedings, and that are attributable to (a) Seller's operation of Equipment which was not in compliance with Environmental Laws, (b) Seller's failure to possess all required Environmental Permits; such fine or assessment shall be payable to any Governmental Authority enforcing compliance with such laws and regulations or to the Purchaser should the Purchaser be required to pay such fine or assessment or (c) Seller's ownership or operation of the Business or the Acquired Assets in any other respect.
Environmental Fines. 46 7.14 Treatment of `Boneyards'......................................................46 7.15 Protection of Cyber Technologies Assets.......................................46 7.16 Seller Access and Information.................................................47