Environmental Impairment Liability covering the Facilities Clause Samples
The Environmental Impairment Liability clause requires that insurance coverage is maintained to protect against losses or damages arising from pollution or environmental hazards at the specified facilities. This coverage typically applies to incidents such as accidental spills, contamination, or the release of hazardous substances that could result in cleanup costs, third-party claims, or regulatory penalties. By mandating this insurance, the clause ensures that financial responsibility for environmental risks is clearly allocated, protecting both the facility operator and other stakeholders from potentially significant liabilities.
Environmental Impairment Liability covering the Facilities. Company shall acquire and maintain Environmental Impairment Liability Insurance including sudden, non-sudden and gradual exposure, for all of Company's operations hereunder, including but not limited to disposal of Recovered Materials pursuant to this Agreement. Company shall purchase limits of $1,000,000 per occurrence and $2,000,000 annual aggregate for any release of toxics or hazardous Waste or other hazardous substance requiring monitoring, cleanup or corrective action under the Comprehensive environmental Response Compensation Liability Act (CERCLA) and the Resource Conservation Recovery Act (RCRA). A combination of primary and excess coverage is acceptable, provided that there are no pollution exclusions in either policy
Environmental Impairment Liability covering the Facilities. Company shall acquire and maintain Environmental Impairment Liability Insurance including sudden, non-sudden and gradual exposure, for all of Company's operations hereunder, including but not limited to disposal of Waste pursuant to this Agreement. Company shall purchase limits of $1,000,000 per occurrence and $2,000,000 annual aggregate for any release of toxics or hazardous Waste or other hazardous substance requiring monitoring, cleanup or corrective action under CERCLA. A combination of primary and secondary coverage is acceptable, provided that there are no pollution exclusions in either policy.