Environmental Liability Cap definition

Environmental Liability Cap has the meaning specified in Section 10.6.
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Environmental Liability Cap means an amount equal to the sum of (i) $20,000,000, (ii) the amount of any Environmental Liabilities associated with the J▇▇▇▇▇▇ ▇▇▇▇▇▇ landfill site and (iii) Boiler No. 4 Environmental Costs, but, in any event, not more than $25,000,000, in the aggregate with respect to clauses (i), (ii) and (iii).
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Examples of Environmental Liability Cap in a sentence

  • Seller's liability for indemnification under this Section 6.5(a) is not subject to the Environmental Liability Cap, the General Liability Cap, or any deductible.

  • In no event shall Globe’s aggregate obligations to indemnify the DCC Indemnified Persons for Losses pursuant to (I) Section 9.1(a)(i)-(iv) (except for Globe Fundamental Representations and Tax matters which are governed by Section 10.1(a) hereof) exceed the Purchase Price Cap or (II) Section 9.1(a)(iv) exceed the Environmental Liability Cap.

  • Seller’s obligations pursuant to this Section 6.15 and Section 12.01(b) shall in no event exceed the Seller Environmental Liability Cap.

  • Notwithstanding the foregoing, however, if while the Sharing Period described in Section 6.5(c) is in effect, the aggregate amount for which Seller would be required (but for the General Liability Cap) to indemnify Purchaser with respect to such Damages exceeds * * * , the General Liability Cap shall be deemed increased to the then-current Environmental Liability Cap described in Section 6.5(c), less the aggregate of all amounts paid by Seller under Sections 6.1(a)(i) since the Closing Date.

  • Notwithstanding the foregoing, however, if while the Sharing Period described in Section 6.5(c) is in effect, the aggregate amount for which Seller would be required (but for the General Liability Cap) to indemnify Purchaser with respect to such Damages exceeds * * * the General Liability Cap shall be deemed increased to the then- current Environmental Liability Cap described in Section 6.5(c), less the aggregate of all amounts paid by Seller under Sections 6.1(a)(i) since the Closing Date.

  • The "Environmental Liability Cap" shall be * * * as of the Closing Date, and shall be reduced annually thereafter on each anniversary of the Closing Date by * * * as set forth in the following table: Anniversary of the Environmental Closing Date in: Liability Cap ----------------- ----------------- 2006 * * * 2007 * * * 2008 * * * 2009 * * * 2010 * * * 2011 * * * 2012 * * * 2013 * * * 2014 * * * 2015 * * * *** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE COMMISSION.