Environmental Defect Property definition

Environmental Defect Property has the meaning set forth in Section 7.1(a).

Environmental Defect Property shall have the meaning given that term in Section 5.03.

Environmental Defect Property is defined in Section 4.3(b)(ii).

Examples of Environmental Defect Property in a sentence

• The Environmental Arbitrator, however, may not award Buyer a greater Remediation Amount than the Remediation Amount claimed by Buyer in the applicable Environmental Defect Notice (which such award shall not exceed the Allocated Value of the applicable Environmental Defect Property).

• If Seller thereafter fails to cure the Environmental Defect during the Environmental Cure Period, then no additional transfers related to the Environmental Defect Property will occur.

• The aggregate Environmental Defect Amounts attributable to the effects of all Environmental Defects upon an Environmental Defect Property shall not exceed the Allocated Value of such Environmental Defect Property.

• If (i), the Cash Amount shall be reduced by the Remediation Amount for the Environmental Defect Property.

• If (ii), the Cash Amount shall be reduced by the Allocated Value for the Environmental Defect Property.

More Definitions of Environmental Defect Property

Environmental Defect Property means the Asset affected by the Environmental Defect.

Environmental Defect Property has the meaning set forth in Section 3.2(a).

Environmental Defect Property shall have the meaning given that term in Section 5.03. “Environmental Examination Period” shall have the meaning given that term in Section 5.01.

Environmental Defect Property is defined in Section 4 of Exhibit A.

Environmental Defect Property shall have the meaning set forth in Section 12.1(a). “Environmental Indemnity Agreement” shall have the meaning set forth in Section 12.1(b)(iv).

Environmental Defect Property means the individual Well affected by the Environmental Defect.

Environmental Defect Property is defined in Section 5.1(b).