Violation of Environmental Laws definition

Violation of Environmental Laws a violation of, or the failure to perform any obligation imposed by, an Environmental Law. “▇▇▇▇▇” - oil and gas ▇▇▇▇▇ located on the Leases, and more particularly described on Exhibit A, which Exhibit A may also include possible well locations and exploratory prospects.

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Violation of Environmental Laws a violation of, or the failure to perform any obligation imposed by, an Environmental Law.

Violation of Environmental Laws means, as to any given Major Property or Miscellaneous Interest, the violation of or failure to meet specific objective requirements or standards that are clearly applicable to such property under applicable Environmental Laws where such requirements or standards are in effect as of the Effective Time.

Examples of Violation of Environmental Laws in a sentence

The Company is in possession of a complete, true and accurate Retained Mortgage File and Custodial Mortgage File in compliance with Exhibit C hereto; (mm) No Violation of Environmental Laws.
Buyer will notify Sellers in writing (the "Environmental Notice") on or before 5:00 p.m. (Central Standard Time) not later than the end of the Examination Period of any environmental matters disclosed by such audit or with respect to which Buyer otherwise has knowledge, that Buyer reasonably believes in good faith may constitute a Violation of Environmental Laws, including with such notice a reasonably detailed description of the specific matter that is an alleged Violation of Environmental Laws.
The Company, in its capacity as servicer for each Mortgage Loan, has fully furnished, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis; (mm) Violation of Environmental Laws.
Each such tax service and flood insurance contract shall be fully transferable without penalty, premium or cost to the Purchaser or its designee, unless, with respect to tax service contract, the Company is terminated pursuant to Section 11.2 hereof; (xlv) Violation of Environmental Laws.
Before Closing, with respect to each Violation of Environmental Laws, Seller and Buyer shall (i) agree on an adjustment to the Purchase Price which adjustment shall reflect the cost to remedy such Violation of Environmental Law, (ii) remediate the condition at Seller's cost or (iii) remove that portion of the Interests from the Interests being conveyed and adjust the Purchase Price accordingly.
ERISA 3.15.1 Environment Permits 3.15.2 Violation of Environmental Laws 3.15.3 Notice of Violation of Environmental Laws 3.15.4 Basis for Liability 3.
For the purpose of this Section, an Environmental Condition or Violation of Environmental Laws shall be "material" only if the cost to remediate a condition of an Interest or the fine or penalty associated with the same is, or is reasonably expected to be, in excess of $50,000.00.
County will also have the rights set forth in Section 3.22.4 (entitled County’s Termination Rights for Violation of Environmental Laws), or Section 2.14 (entitled TERMINATION BY COUNTY) of this Agreement, in addition to all other rights and remedies provided by law or otherwise provided in this Agreement.
Buyer may notify Seller in writing on or before September 3, 1999, of any environmental matters disclosed by the Audit that Buyer reasonably believes in good faith may constitute a Violation of Environmental Laws or Conditions on a Property, including with such notice a reasonably detailed description of the specific matter(s) that is an alleged Violation of Environmental Laws or Conditions and its estimated cost and expense to cure such alleged Violation of Environmental Laws or Conditions.
County will also have the rights set forth in Section 3.22.4 (entitled County's Termination Rights for Violation of Environmental Laws), or Section 2.15 (entitled TERMINATION BY COUNTY) of this Agreement, in addition to all other rights and remedies provided by law or otherwise provided in this Agreement.

More Definitions of Violation of Environmental Laws

Violation of Environmental Laws means the material violation of or failure to meet specific objective requirements or standards regarding the physical condition of the Well▇ ▇▇▇ well sites (as opposed to reports, plans or other matters that may be required by Environmental Laws) that are clearly applicable to such Interests under applicable Environmental Laws where such requirements or standards are in effect as of the Effective Time, and the term does not include good or desirable operating practices or standards that may be employed or adopted by other oil or gas well operators or recommended by a governmental authority. Seller has heretofore provided to Buyer copies of two environmental reports prepared for Buyer's predecessor in connection with the predecessor's acquisition of certain of the Interests (the "Environmental Reports"). All matters referred to in the Environmental Reports are hereby expressly agreed not to constitute Violations of Environmental Laws under this Agreement.

Violation of Environmental Laws means the violation of or the failure to meet the specific objective requirements or standards that are clearly applicable to an Asset under applicable Environmental Laws; "Release" means depositing, spilling, leaking,

Violation of Environmental Laws has the meaning set forth in Section 11.7.