Definition of Pre-Closing Contamination

Pre-Closing Contamination means the existence of any Contaminants at, on, under or migrating from any Owned Real Property that arises out of or relates to an act occurring or a condition existing on or prior to the Closing Date and with respect to which an Administrative Authority or a third party institutes an investigation or makes a claim on or prior to the third anniversary of the Closing Date that results in an obligation of any of the Companies to undertake any Remedial Actions.
Sample 1