Pre-Closing Environmental Condition definition

Pre-Closing Environmental Condition means any Environmental Requirements, Remedial Action or Third-Party Claims resulting from or arising out of any Environmental Condition existing or occurring at or prior to the Closing. Notwithstanding the foregoing, the term “Pre-Closing Environmental Condition” shall not include any routine costs of complying with Environmental Requirements that are incurred in the ordinary course of business prior to the Closing but that have not become due and payable according to customary terms until after the Closing.

Pre-Closing Environmental Condition means: (1) the presence, disposal or release as of the Closing Date of Hazardous Material in, on, under or emanating from any facility (to the extent of the amounts of such Hazardous Material then present) regardless of how the Hazardous Material came to rest at, on, under or emanating from the facility, and (ii) any other act, omission or condition prior to the Closing Date which may give rise to liability under any Environmental Laws (to the extent of such act, omission or condition as of the Closing Date).

Pre-Closing Environmental Condition means any release of Hazardous Substances at the Plants identified in the Environmental Assessment that is a violation of Environmental Law that requires remediation under any applicable Environmental Law or any other violation of any Environmental Law at the Plants or on or under the Real Property occurring prior to the Closing.

Examples of Pre-Closing Environmental Condition in a sentence

• If Optionee elects not to terminate as set forth above, Optionor shall have the right to four (4) one-year extensions of the Lease Term and the Option Term in order to remediate the Pre-Closing Environmental Condition.

• Purchaser will promptly notify Seller of any information received by Purchaser from any Person other than Seller regarding the presence or suspected presence of Hazardous Materials that Purchaser believes to be a Pre-Closing Environmental Condition.

• The Company has not received any written notice of alleged, actual or potential responsibility for, or any inquiry or investigation regarding, any Pre-Closing Environmental Condition.

• Seller agrees to undertake any Remediation relating to any Pre-Closing Environmental Condition that is required by any Governmental Authority with jurisdiction over the Project, the Project Site and/or the Additional Real Property under Environmental Laws, and to continue such Remediation until Completion.

• Consequently, the difference between the two groups at all three intervention periods was significantly greater than the average baseline difference.

More Definitions of Pre-Closing Environmental Condition

Pre-Closing Environmental Condition means the presence of underground storage tanks or Hazardous Material existing on the Owned Real Property as of the Closing Date.

Pre-Closing Environmental Condition means any release of ----------------------------------- Hazardous Materials or violation of, non-compliance with or liability under any applicable Environmental Law prior to the Closing, but shall not include the removal of any underground tank, electrical equipment containing polychlorinated biphenyls or asbestos that complies with all applicable Environmental Laws as of the Closing and has not otherwise released any Hazardous Materials into the environment or any Transferred Asset or asset or property of the Spirits Subsidiaries at or prior to the Closing.

Pre-Closing Environmental Condition means any Environmental Condition that was present on or had arisen from the Project Site or activities conducted thereon on or prior to the Closing and the continuation of such Environmental Condition after the Closing. For the elimination of doubt, the parties agree that the term “Pre-Closing Environmental Condition” shall exclude any Environmental Condition that is caused, created, or exacerbated (to the extent, and only to the extent, of such exacerbation) by the affirmative act of the Borrower after the Closing.

Pre-Closing Environmental Condition has the meaning set out in Paragraph 1.1 of Schedule 19;

Pre-Closing Environmental Condition means an Environmental Condition caused by a Release which occurred prior to the Closing.

Pre-Closing Environmental Condition means an Environmental Condition on or at a Business Site that existed as of the Closing Date.

Pre-Closing Environmental Condition will mean the presence on the date of Closing of any hazardous substance, hazardous waste or toxic substance, as defined under Environmental Laws, as existing and in effect as of the date of Closing, in the soil's, surface water or ground water in, on or under the Real Property in excess of the least stringent remediation standard acceptable under such Environmental Laws. In no event will the term include any contamination in or on any building, structure, improvement, fixture, appurtenance or equipment.