Petroleum Tanks definition
Petroleum Tanks has the meaning given in Section 3.1(d)(i).
Examples of Petroleum Tanks in a sentence
If the cleaning and disposal of substances from the Petroleum Tanks exceeds the amounts retained by Buyer, Seller will reimburse Buyer for any additional amounts.
Except as provided hereinbelow, any amounts on Exhibit G that are indicated as “Retained Amounts” will be retained by Buyer after the Closing Date in order to apply such amounts to the cleaning and removal of substances from the Petroleum Tanks.
Upon Buyer’s commercially reasonable determination that cleaning and disposal of substances from the Petroleum Tanks has been completed, Buyer will credit the remaining portion, if any, of the retained amount for such purpose to the principal balance of Exhibit D-1 (Amended), the amended Promissory Note.