Material Environmental Liabilities definition
Examples of Material Environmental Liabilities in a sentence
Each Credit Party shall, and each Credit Party shall cause its Subsidiaries to, prevent any Release of any Hazardous Material at, to, or from any Real Estate that would violate or form the basis of Liability under any Environmental Law, other than such violations or liabilities that would not, in the aggregate, reasonably be expected to result in Material Environmental Liabilities.
No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, cause or suffer to exist any Release of any Hazardous Material at, to or from any Real Estate that would form the basis of Environmental Liabilities or violate Environmental Laws, other than such Environmental Liabilities or violations of Environmental Laws that would not, in the aggregate, reasonably be expected to result in Material Environmental Liabilities.
No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, cause or suffer to exist any Release of any Hazardous Material at, to or from any Real Estate that would (a) violate any Environmental Law, except where such failures to comply would not reasonably be expected to result in, either individually or in the aggregate, Material Environmental Liabilities to the Credit Parties and their Subsidiaries or (b) form the basis for any Material Environmental Liabilities.
No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, cause or permit any Release of any Hazardous Material at, to or from any Real Estate that would reasonably be expected to form the basis of Environmental Liabilities or violate Environmental Laws, other than such Environmental Liabilities or violations of Environmental Laws that would not, in the aggregate, reasonably be expected to result in Material Environmental Liabilities.
Except as set forth on Schedule 5.13(a) (none of which Environmental Claims would, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect), there are no Environmental Claims pending or, to the best knowledge of any Credit Party, threatened against any Credit Party or any of its properties which could reasonably be expected to result in Material Environmental Liabilities and Costs.