Common use of Phase I Environmental Site Assessment Clause in Contracts

Phase I Environmental Site Assessment. Notwithstanding anything in the Agreement (including provisions of Article X of the Agreement), Seller shall indemnify Purchaser for any Identified Environmental Losses (the “Environmental Reimbursement”). The Environmental Reimbursement shall not be subject to, nor count towards, any limitation on liability or procedures or other provisions of Article X of the Agreement.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (NextEra Energy Partners, LP), Build Out Agreement (Nextera Energy Partners, Lp), Purchase and Sale Agreement (NextEra Energy Partners, LP)

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Phase I Environmental Site Assessment. Notwithstanding anything in the Agreement (including provisions of Article X of the Agreement), Seller shall indemnify Purchaser for any Identified Environmental Losses (the “Environmental Reimbursement”). The Environmental Reimbursement shall not be subject to, nor or count towards, any limitation on liability or procedures or other provisions of Article X towards the calculation of the AgreementDeductible Amount or the Maximum Indemnification Amount.

Appears in 1 contract

Samples: Build Out Agreement (NextEra Energy Partners, LP)

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Phase I Environmental Site Assessment. Notwithstanding anything in the Agreement (including provisions of Article X of the Agreement), Seller shall indemnify Purchaser for any Identified Environmental Losses (the “Environmental Reimbursement”). For the avoidance of doubt and for purposes of determining Identified Environmental Losses and the Environmental Reimbursement, if any, no Existing Phase I Reports were delivered to Purchaser prior to the Effective Time. The Environmental Reimbursement shall not be subject to, nor count towards, any limitation on liability or procedures or other provisions of Article X of the Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Nextera Energy Partners, Lp)

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