Indemnified Abatement Costs definition

Indemnified Abatement Costs means any costs incurred by Buyer or the Designated Buyers to cure any violation of Applicable Law identified in any written notice of violation or notice of claim (or other written notice of similar legal intent or meaning) from any Governmental Authority received by the Sellers or their Affiliates on or prior to the Closing Date to the extent the violation or claim remains unresolved as of the Closing and relates to (a) the Transferred Permits or the Licenses, (b) any mine operating or safety compliance matters related to the condition of the Purchased Assets or the mining areas of the Purchased Business, (c) the Purchased Assets’ or the Purchased Business’s compliance with Environmental Laws or (d) any conditions arising from a spill, emission, release or disposal into the environment of, or human exposure to, Hazardous Materials resulting from the operation of the Purchased Assets, but only to the extent in the case of (a)-(d) such costs are reasonably necessary to meet the least stringent requirements, as would be used by a reasonably prudent operator.
Sample 1Sample 2

Related to Indemnified Abatement Costs

  • Indemnified Amount has the meaning set forth in Section 8.01.

  • Settlement Costs means: (a) any award of attorneys’ fees, expenses, and costs to Class Counsel approved by the Court; (b) all costs of printing and providing Class Notice to persons in the Settlement Class (including, but not limited to, costs for Mail Notice, Publication Notice, Website Notice, and any different or additional notice that might be ordered by the Court); (c) all costs of administering the Settlement; and (e) the fees, expenses, and all other costs of the Notice Administrator.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Indemnified Costs has the meaning specified in Section 8.05(a).

  • Indemnified Amounts Defined in Section 11.1.

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Indemnified Liability means any and all claims, damages, liabilities, costs, losses, and expenses (including reasonable attorneys’ fees and all related costs and expenses) arising from or relating to any claim, suit, proceeding, demand, or action brought by an Indemnified Party against you or a third party or other User.

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Company Indemnified Party has meaning set forth in Section 8(b) hereof.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Indemnified Items shall have the meaning assigned to such terms in Section 2(b).

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being understood and agreed that Seller shall bear the loss resulting from any free rental period until the Closing Date and that Purchaser shall bear such loss from and after the Closing Date.

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).

  • Defence Costs means the fees and expenses incurred by the Insured with Our prior written consent in defending, settling or investigating a claim covered by the Policy.

  • Company Indemnified Person means (a) any Administrator; (b) any Affiliate of any Administrator; (c) any officers, directors, shareholders, members, partners, employees, representatives or agents of any Administrator; or (d) any officer, employee or agent of the Trust or its Affiliates.

  • Seller Indemnified Party has the meaning set forth in Section 7.2.

  • Company Indemnified Parties has the meaning specified in Section 7.8(a).

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.

  • Related Indemnified Person of an Indemnitee means (a) any controlling person or controlled affiliate of such Indemnitee, (b) the respective directors, officers, or employees of such Indemnitee or any of its controlling persons or controlled affiliates and (c) the respective agents of such Indemnitee or any of its controlling persons or controlled affiliates, in the case of this clause (c), acting at the instructions of such Indemnitee, controlling person or such controlled affiliate; provided that each reference to a controlled affiliate or controlling person in this definition shall pertain to a controlled affiliate or controlling person involved in the negotiation or syndication of the Facility.

  • Letter of Credit Indemnified Costs has the meaning specified therefor in Section 2.11(f) of the Agreement.

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Company Indemnified Persons has the meaning set forth in Section 5(a).

  • Indemnifiable Losses means any and all Losses relating to, arising out of or resulting from any Indemnifiable Claim.

  • Indemnified Liabilities has the meaning specified in Section 10.05.

  • Indemnifiable Damages shall have the meaning set forth in Section 9.1 herein.