Material Closure definition

Material Closure means the investigation, assessment and remediation of an Environmental Condition sufficient to not cause any material interference with Buyer's ability to develop, construct, finance or lease the Property.
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Examples of Material Closure in a sentence

  • Seller and Buyer each agree to accept the reasonably expected time for Material Closure of an Environmental Condition as determined by such independent environmental consultant.

Related to Material Closure

  • Material Permit shall have the meaning ascribed to such term in Section 3.1(n).

  • Material Company means, at any time:

  • Adverse Effect means, with respect to any action, that such action will (a) result in the occurrence of an Event of Default or (b) materially and adversely affect (i) the amount or timing of payments to be made to the Lenders pursuant to this Agreement or (ii) the existence, perfection, priority or enforceability of any security interest in a material amount of the Pledged Receivables taken as a whole or in any material part.

  • Material Permits shall have the meaning ascribed to such term in Section 3.1(n).

  • Material Group Company means, at any time: