Environmental Occurrence definition
Environmental Occurrence means any occurrence or event that would cause the representations set forth in Section 6.12 to become untrue in any material respect.
Environmental Occurrence means (1) any violation of applicable federal, state or local environmental laws, regulations, administrative orders or judicial decrees, as they apply to any part of the Leased Properties; (2) any noise, vibration or the deposit, spill, discharge, or other release of a Contaminating Substance on or from any part of the Leased Properties; or (3) any failure to provide EXHIBIT 10(i), Page 27 of 44 information, make all appropriate submissions, and fulfill all applicable legal obligations of the owner and/or operator of the Leased Properties.
Examples of Environmental Occurrence in a sentence
If the party seeking indemnification for an Environmental Occurrence submits a valid claim in writing to the other party within this time period, the indemnifying party's obligations under this Agreement will continue indefinitely with respect to that Environmental Occurrence until the matter is resolved.
Within ten (10) business days after either Buyer's receipt of the Environmental Audit Report relating to any Environmental Audit or within ten (10) business days after Buyer's receipt of any Environmental Occurrence Notification (as defined in Section 5.13(c)), Buyer shall, with respect to each parcel of the Properties Owned, provide Seller with an Environmental Audit Response (as defined in Section 5.13(e)).