Environmental Material definition

Environmental Material means: (A) any petroleum substance, petroleum product, underground storage tank, underground cistern, radioactive material, asbestos in any form that is or could become friable, urea formaldehyde foam insulation, PCB-containing Material; (B) any Hazardous Substance, Hazardous Material, or any other material, substance, chemical, waste, contaminant or pollutant which is now or hereafter defined as or determined to be hazardous, extremely hazardous, toxic, dangerous, restricted, or a nuisance, or words of similar import, under any Environmental Law; or (C) any other material, substance, chemical, waste, contaminant, pollutant or exposure to which is now prohibited, limited or regulated by any Governmental Authority.

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Environmental Material means PCBs, asbestos, petroleum and its by-products, any substance that has been designated by any Governmental Entity or by applicable law to be radioactive, toxic, hazardous or otherwise a danger to health or the environment, and all other substances or constituents that are regulated by, or form the basis of liability under, any Environmental Law.

Environmental Material means any substance, product, waste or other ---------------------- material of any nature whatsoever (a) which is identified, listed, published or defined as a toxic pollutant or hazardous substance, or is otherwise regulated, restricted or addressed under any Environmental and Safety Requirement or (b) which otherwise has any adverse effect upon human health, natural resources, wildlife or the environment.

Examples of Environmental Material in a sentence

Except as set forth in Part 3.24 of the Seller’s Disclosure Schedule, neither Seller, its Affiliates, nor, to the Knowledge of Seller, the operator of any Asset is subject to any Order with respect to any Asset other than Orders that are generally applicable to offshore oil and gas operators or that would not have an Environmental Material Adverse Effect.
Assignor has no actual knowledge of any breach of any Environmental Requirements or the existence of any Hazardous Materials on or affecting the Mortgaged Properties not described in the Environmental Material.
If the Purchaser Estimate or "Seller Estimate" (hereinafter defined) includes a cost range for remedying the particular Environmental Material Defect, the Real Property Cost shall be the lowest cost set forth in the estimate for the particular Environmental Material Defect.
For example, assuming for illustrative purposes only, the Aggregate Cost of all Environmental Material Defects is $200,000.00, then Purchaser would only receive a $75,000.00 credit at Closing (i.e., $200,000.00 less $125,000.00 equals $75,000.00).
If instead, the Aggregate Cost of all Environmental Material Defects is $400,000.00, then Purchaser would only receive a $150,000.00 credit at Closing.

More Definitions of Environmental Material

Environmental Material or "Environmental Materials" means pollutants, contaminants, or chemical, industrial, hazardous, or toxic materials or wastes, and including, without limitation, asbestos, or asbestos-containing materials, PCBs, and petroleum, oil or petroleum or oil products or derivatives.

Environmental Material. As defined in Section 2.1(r). "Equipment": All of Seller Corp.'s furniture, equipment, machinery, apparatus, tools, dies, appliances, vehicles, implements, spare parts, supplies and all other tangible personal property of every kind and description (other than the Vehicles and the Inventories) insofar as any of the foregoing relates to the Business. The Equipment includes, without limitation, all of the items listed in Appendix 1.1(c) to the Sellers' Disclosure Letter.

Environmental Material shall include all substances whatsoever which could cause the occurrence of an Environmental Event.

Environmental Material means any substance, product, waste or other ----------------------- material of any nature whatsoever (a) that is or becomes identified, listed, published, or defined as a hazardous substance, hazardous waste, dangerous waste, hazardous material, toxic substance, solid waste (as defined by the Texas Natural Resources Conservation Commission), acutely hazardous waste, extremely hazardous waste, infectious waste, volatile organic compound, waste, air contaminant, air pollutant, or pollutant, under any Environmental Requirement and (b) that is regulated, restricted or addressed under or pursuant to or may give rise to liability under any Environmental Requirement. Notwithstanding anything contained herein to the contrary, Environmental Material shall exclude any material which has been the subject of remediation in, on or under the Real Property pursuant to and in satisfaction of a jurisdictional Governmental Authority program to the extent such jurisdictional authority declares in writing that such remediation has been completed in satisfaction of applicable laws, rules and regulations or that no further action or remediation is required.

Environmental Material means any substance which relates to the U▇▇▇ ▇ Site, the Unit 2 Site, the Common Facilities Site or the Solid Waste Landfill Site, the Clover Power Station, Clover Unit 1 or Clover Unit 2 and:

Environmental Material means any material (i) that is regulated by an Environmental Law or (ii) the existence of which would give rise to an "unacceptable environmental condition" under Section 501.04 of Part II of the Multifamily Guide of the Federal National Mortgage Association as in effect at the date of determination.