Definition of Post-Effective Time Environmental Liabilities


Post-Effective Time Environmental Liabilities means (i) any violation of Environmental Law arising in connection with the ownership or operation of the Properties on or after the Effective Time, (ii) any Release of Hazardous Substances onto or from the Properties on or after the Effective Time or relating to or arising from any activities conducted on such properties or from operation of such assets on or after the Effective Time and (iii) any claim, action, cause of action, inquiry, investigation, remediation, removal or restoration with respect to the matters set forth in subsection (i) or (ii) above.
Sample 1

Examples of Post-Effective Time Environmental Liabilities in a sentence

Subject to Section 4.2, provided that the Closing occurs, Buyer hereby assumes all duties, obligations and liabilities (collectively, the "Assumed Obligations") related to (i) the business and operation of the Assets relating to periods on and after the Effective Time, including Post-Effective Time 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 Buyer pursuant to Article 12.
Subject to Section 4.2, 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 on and after the Effective Time, including Post-Effective Time 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.
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 on and after the Effective Time, including Post-Effective Time 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 10.