Hazardous Material Condition definition

Hazardous Material Condition means the presence, Release, or threatened Release of Hazardous Materials in, on, or about the License Area, any other Port property, or the environment, or from any vehicles or vessels Licensee, or its Agents and Invitees uses during Licensee's occupancy of the License Area.

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Hazardous Material Condition means the occurrence or discovery of a condition involving the presence of, or a contamination by, a Hazardous Material as (defined in Section 12.1), in, on, or under the Premises which requires repair, remediation, or restoration.

Hazardous Material Condition means the presence, Release, or threatened Release of Hazardous Materials in, on, or about the Premises, the Facility, other Port property, or the environment, or from any vehicles or vessels Tenant, or its Agents and Invitees uses during Tenant's occupancy of the Premises.

Examples of Hazardous Material Condition in a sentence

In the case of a Hazardous Material Condition, Tenant shall have the right in addition to an abatement of the Rent, in circumstance where Landlord fails to remediate the Hazardous Material Condition that Landlord is responsible for within ninety (90) days to then terminate this Lease upon written notice to Landlord.
In the event of Premises Partial Damage, Premises Total Destruction or Hazardous Material Condition for which Tenant is not responsible under this Lease, the Rent payable by Tenant for the period required for the repair, remediation or restoration of such damage shall be abated in proportion to the degree to which ▇▇▇▇▇▇’s use of the Premises is impaired.
In the event Landlord elects to give a termination notice, Tenant may, within 10 days thereafter, give written notice to Landlord of Tenant's commitment to pay the amount by which the cost of the remediation of such Hazardous Material Condition exceeds an amount equal to 12 times the then monthly Base Rent or $100,000, whichever is less.
In the event Landlord elects to give a termination notice, Tenant may, within 10 days thereafter, give written notice to Landlord of Tenant’s commitment to pay the amount by which the cost of the remediation of such Hazardous Material Condition exceeds $150,000.
The cost of any such inspections shall be paid by LANDLORD, unless a violation of Applicable Requirements, or a Hazardous Material Condition (see paragraph 9.1) is found to exist or be imminent, or the inspection is requested or ordered by a governmental authority.
Parent shall cause Merger Sub to comply in all respects with each of the representations, warranties, covenants, obligations, agreements and undertakings made or required to be performed by Merger Sub in accordance with the terms of this Agreement and the Contemplated Transactions.
In the event Landlord elects to give a termination notice, Tenant may, within 10 days thereafter, give written notice to Landlord of Tenant’s commitment to pay the amount by which the cost of the remediation of such Hazardous Material Condition exceeds $2,000,000.00.
In addition to Sections 9.1, 9.2, 9.3, 9.4, 9.5, 9.6 & 9.7, if a Hazardous Material Condition occurs, unless Lessee is legally responsible therefor (in which case Lessee shall make the investigation and remediation thereof required by Applicable Law and this Lease shall continue in full force and effect, but subject to Lessor's rights under Paragraph 13).
All other obligations of Tenant hereunder shall be performed by ▇▇▇▇▇▇, and Landlord shall have no liability for any such damage, destruction, Hazardous Material Condition, remediation, repair or restoration except as provided herein.
Except as may be set forth in any of the Documents identified on Exhibit B in Seller’s possession or control, Seller has no knowledge of any Hazardous Material Condition in violation of any Environmental Laws affecting the Property.

More Definitions of Hazardous Material Condition

Hazardous Material Condition means the occurrence or discovery, ---------------------------- after the Commencement Date, of a condition involving the presence of, or a contamination by, a Hazardous Material in or under the Premises requiring remediation under Environmental Laws or rendering any part of the Premises unsafe for human occupancy.

Hazardous Material Condition means any presence in, on, under or about the Property of any Hazardous Material.

Hazardous Material Condition means the occurrence or discovery of a condition involving the presence of, or a contamination by, a Hazardous Material in, on, or under the Premises in violation of applicable law. Subject to (i) the last sentence of Paragraph 18(a) hereof, and (ii) Paragraph 35 hereof, Landlord shall indemnify, defend and hold Tenant harmless from and against any and all claims, judgment, damages, penalties, fines, costs, liabilities or losses (including, without limitation, sums paid in settlement of claims, attorneys' fees, consultant fees and expert fees) (collectively, "CLAIMS") which arise on or after the date that possession of the Premises is delivered to Tenant, including any time after the expiration of the Lease Term, from or in connection with Hazardous Material Conditions which were caused by Landlord or its agents or employees or which predated the date that possession of the Premises is delivered to Tenant.

Hazardous Material Condition is defined in Section 21.6.