Environmental Liability Costs definition

Environmental Liability Costs means any costs constituting "Environmental Liability Costs" as defined and set forth in the Relationship Agreement.
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Environmental Liability Costs mean any and all Losses incurred after the Closing Date, in connection with, arising out of or resulting from the Company’s importation, exportation, manufacture, treatment, use, handling, transportation, storage, disposal of chemical substances, or exposure of any Person to chemical substances, prior to the Closing Date that is not in compliance with any Environmental Law. For the avoidance of doubt, such Losses shall include costs necessary to address any EPA Consent Order non-compliance (for clarification, such Losses shall not include any salary or other compensation paid to Company personnel related to efforts to cure any non-compliance), and any fines or penalties imposed on the Company or any Company Subsidiary for failure to comply with the EPA Consent Order, with TSCA, or with similar requirements established by any other domestic or foreign Governmental Authority, in any case, including requirements by the Government of Canada governing Hazardous Materials and the preparation of bilingual safety data sheets in French.
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Environmental Liability Costs means all out-of-pocket costs and expenses actually incurred (1) to address any Environmental Liability, (2) to perform (a) Environmental Remediation at any Covered Site mandated by a Governmental Authority or court and (b) work deemed commercially reasonable by (i) Solutia with respect to the Retained Sites, (ii) Monsanto with respect to the Legacy Sites and (iii) the Environmental Committee with respect to the Shared Sites, (3) in connection with the retention of, or otherwise paid to, (a) consultants, attorneys, public relations personnel and all other Persons retained to provide products or services in connection with Environmental Liabilities (including all Recovery Costs) or (b) contractors performing Environmental Remediation, (4) for or in connection with land acquisition or easements for Environmental Remediation, (5) for materials and equipment procured for Environmental Remediation and (6) for or in connection with providing financial assurance required under Environmental Law for these sites; provided that “Environmental Liability Costs” shall not include salaries and overhead of (x) Solutia employees providing Environmental Remediation services for Retained Sites and Shared Sites and (y) Monsanto employees providing Environmental Remediation services for Legacy Sites and Shared Sites.
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Examples of Environmental Liability Costs in a sentence

  • If Monsanto timely delivers to Solutia an ELC Objection Notice to only a part of an Environmental Reimbursement Statement, such Environmental Reimbursement Statement shall become final and binding on all the parties hereto with respect to any and all items of Environmental Liability Costs not specifically identified in such ELC Objection Notice.

  • If Monsanto shall fail to timely deliver to Solutia an ELC Objection Notice, Monsanto shall be deemed to have approved all Environmental Liability Costs contained in the relevant Environmental Reimbursement Statement and such Environmental Reimbursement Statement and Monsanto’s approval with respect to the Environmental Liability Costs set forth therein shall become final and binding on all parties hereto.

  • Monsanto has paid in excess of $50 million in Environmental Liability Costs with respect to the Shared Sites (as defined herein) since the Petition Date (such $50 million amount, the “Monsanto Payment”).

  • For the avoidance of doubt, this Agreement shall have no effect on the tax treatment or characterization of (i) any payments made, or to be made, pursuant to the Anniston Settlement Agreement or the Anniston Side Letter or (ii) any payments made in respect of Environmental Liabilities and/or Environmental Liability Costs prior to the Effective Date.