Definition of Post-Closing Environmental Liabilities
Post-Closing Environmental Liabilities means Liabilities to the extent arising out of or resulting from: (a) any violation of any applicable Environmental, Health and Safety Requirements by Purchaser, its Affiliates or any other Person under their control related to facts, circumstances or conditions to the extent arising after the Closing Date in connection with any Real Property or any of the assets of the Company; (b) the treatment, storage, transportation or disposal of Hazardous Materials by Purchaser, its Affiliates or any other Person under their control after the Closing Date at the Real Property; and (c) any environmental conditions at, on, in, under or from any Real Property to the extent caused, exacerbated or contributed to by the Purchaser, its Affiliates or any other Person under their control after the Closing Date.
Examples of Post-Closing Environmental Liabilities in a sentence
Provided that the Closing occurs, Grantee hereby assumes all duties, obligations and liabilities (collectively, the Assumed Obligations) related to (i) the business and operation of the Assets relating to periods after the Effective Time, including Post-Closing Environmental Liabilities, (ii) any and all plugging and abandonment operations associated with the Assets, regardless of when such obligations arose and (iii) the obligations of Grantee pursuant to Article 12.
Procedures Applicable to Indemnification by the Purchaser for Reserved Pre-Closing Environmental Liabilities and Post-Closing Environmental Liabilities.
In no event shall Sellers have any Liability for costs of remediation of any Post-Closing Environmental Liabilities.
From and after Closing, Buyers shall be solely responsible, at no expense to any Seller, for any and all Post-Closing Environmental Liabilities.