Definition of Business Environmental Liabilities


Business Environmental Liabilities means any liability, obligation, judgment, penalty, fine, cost or expense, of any kind or nature, or the duty to indemnify, defend or reimburse any Person with respect to: (i) the presence at any time of any Hazardous Materials as of, prior to or following the Closing Date in the soil, groundwater, surface water, air or building materials of the Assigned Real Property ("Business Contamination"); (ii) the migration at any time as of, prior to or after the Closing Date of Business Contamination to any other real property, or the soil, groundwater, surface water, air or building materials thereof; (iii) any Hazardous Materials Activity conducted on the Assigned Real Property at any time as of, prior to or following the Closing Date ("Business Hazardous Materials Activities"); (iv) the exposure of any person to

Examples of Business Environmental Liabilities in a sentence

Genco Liabilities shall include the following Environmental Liabilities: (a) those resulting from or arising in connection with operation of the Genco Business, including any such Environmental Liabilities resulting from Releases of Waste Materials to, from, at, on or beneath the CenterPoint Real Property ("Genco Business Environmental Liabilities").
Genco Excluded Liabilities shall include the following Environmental Liabilities: (a) those resulting from or arising in connection with operation of the CenterPoint Business, including any such Environmental Liabilities resulting from Releases of Waste Materials to, from, at, on or beneath the Genco Real Property ("CenterPoint Business Environmental Liabilities").