Material Environmental Amount definition

Material Environmental Amount an amount payable by the Borrower and/or its Subsidiaries in excess of $5,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.

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Material Environmental Amount means an amount or amounts payable by the Company and/or any of its Subsidiaries, in the aggregate in excess of $35,000,000, for: costs to comply with any Environmental Law; costs of any investigation, and any remediation, of any Hazardous Material; and compensatory damages (including, without limitation damages to natural resources), punitive damages, fines, and penalties pursuant to any Environmental Law.

Material Environmental Amount an amount or amounts payable by the Group Members, in the aggregate in excess of $2,000,000 for: unbudgeted costs to comply with any Environmental Law; costs of any investigation, and any remediation, of any Material of Environmental Concern; and compensatory damages (including, without limitation damages to natural resources), punitive damages, fines, and penalties pursuant to any Environmental Law.

Examples of Material Environmental Amount in a sentence

• Each such Phase I ESA, or Phase II ESA as appropriate, shall identify no environmental condition reasonably likely to result in a Material Environmental Amount.

• Each such Acceptable Environmental Report shall identify no environmental condition reasonably likely to result in a Material Environmental Amount.

• Not later than 90 days after the date of the initial Credit Extension USAM shall have delivered to the Agent copies of recently completed Phase I and Phase II environmental assessment reports with respect to all property owned by the Borrowers in the State of Florida, the foregoing to be from a satisfactory environmental consultant and otherwise be satisfactory to the Agent and each of the Lenders (including that such reports do not disclose a liability exceeding a Material Environmental Amount).

• As used herein, "Material Environmental Amount" shall mean an amount payable by the Company or any Company Subsidiary, in the aggregate, for investigative and remedial costs, compliance costs, damages, fines or penalties pursuant to Environmental Laws (as hereinafter defined) that in the aggregate exceeds $250,000.

More Definitions of Material Environmental Amount

Material Environmental Amount. $50,000,000.

Material Environmental Amount an amount or amounts payable or reasonably likely to become payable (and not covered by insurance) by any Loan Party or any of its Subsidiaries, individually or in the aggregate in excess of $1,000,000, for costs to comply with or any liability under any Environmental Law, failure to obtain or comply with any Environmental Permit, costs of any investigation, and any remediation, of any Material of Environmental Concern, and any other cost or liability, including compensatory damages (including damages to natural resources), punitive damages, fines, and penalties pursuant to any Environmental Law.

Material Environmental Amount means an amount payable by Parent, either Borrower or any of the Subsidiaries in respect of or under any Environmental Law for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof in an amount that would reasonably be expected to have a Material Adverse Effect.

Material Environmental Amount an amount or amounts payable by the Borrower and/or any of its Class I Restricted Subsidiaries, in the aggregate in excess of $5,000,000, for: costs to bring an environmental condition into compliance with any Environmental Laws; costs of any investigation, and any remediation, of any Material of Environmental Concern; and compensatory damages (including, without limitation damages to natural resources), punitive damages, fines, and penalties pursuant to any Environmental Law.

Material Environmental Amount an amount payable by SuperHoldings and/or its Subsidiaries in excess of $1,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.

Material Environmental Amount an amount payable by the Borrower and/or its Subsidiaries in excess of $2,500,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.

Material Environmental Amount an amount not otherwise covered by insurance payable by the Borrower and/or its Subsidiaries in excess of $2,500,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.