Material Environmental Amount definition

Material Environmental Amount an amount payable by the Borrower and/or its Subsidiaries in excess of $5,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.
Material Environmental Amount an amount or amounts payable by any of the Group Members or in respect to any Real Property in the aggregate in excess of $80,000,000, for: costs to comply with any applicable Environmental Law; costs of any investigation, and any remediation, of any Materials of Environmental Concern which is required by applicable Environmental Law or a Governmental Authority; and compensatory damages (including, without limitation damages to natural resources), punitive damages, fines, and penalties pursuant to any applicable Environmental Law.
Material Environmental Amount means an amount payable by either Borrower or any other Loan Party in excess of $1,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof, in each case with respect to Environmental Laws.

Examples of Material Environmental Amount in a sentence

  • Each such Acceptable Environmental Report shall identify no environmental condition reasonably likely to result in a Material Environmental Amount.

  • To the Borrower’s knowledge, the Premises do not contain, and have not previously contained, any Hazardous Substances at, on or under the Premises in amounts or concentrations that constitute or constituted a violation of any applicable Environmental Laws except insofar as the presence of any Hazardous Substances is not reasonably likely to result in the payment of a Material Environmental Amount.

  • For any t ∈ T, the portfolio γt is interpreted as a payment of the insurer to the insurant (benefit) and δt as a payment of the insurant to the insurer (premium), respectively taking place at t.

  • Each Obligor and each Subsidiary conducts its operations in compliance with applicable Environmental Laws, except where the failure to do so could not reasonably be expected to result in the payment of a Material Environmental Amount.

  • To the Borrower’s knowledge, Hazardous Substances have not been transported or disposed of from the Premises, or generated, treated, stored or disposed of by or on behalf of any Obligor or any Subsidiary at, on or under the Premises or any other location in violation of any applicable Environmental Law, except insofar as any such violation referred to in this paragraph, or any aggregation thereof, is not reasonably likely to result in the payment of a Material Environmental Amount.


More Definitions of Material Environmental Amount

Material Environmental Amount means an amount or amounts payable by the Company and/or any of its Subsidiaries, in the aggregate in excess of $35,000,000, for: costs to comply with any Environmental Law; costs of any investigation, and any remediation, of any Hazardous Material; and compensatory damages (including, without limitation damages to natural resources), punitive damages, fines, and penalties pursuant to any Environmental Law.
Material Environmental Amount. $50,000,000.
Material Environmental Amount an amount or amounts payable by the Borrower and/or any of its Class I Restricted Subsidiaries, in the aggregate in excess of $5,000,000, for: costs to bring an environmental condition into compliance with any Environmental Laws; costs of any investigation, and any remediation, of any Material of Environmental Concern; and compensatory damages (including, without limitation damages to natural resources), punitive damages, fines, and penalties pursuant to any Environmental Law.
Material Environmental Amount any amount payable by the Borrower and/or any of its Subsidiaries in respect of or under any Environmental Law for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof, that has a Material Adverse Effect.
Material Environmental Amount an amount not otherwise covered by insurance payable by the Borrower and/or its Subsidiaries in excess of $2,500,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.
Material Environmental Amount an amount payable by SuperHoldings and/or its Subsidiaries in excess of $1,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.
Material Environmental Amount an amount or amounts payable or reasonably likely to become payable by any Loan Party or any of its Subsidiaries, in the aggregate more than $250,000 in excess of insurance coverage therefor, for costs to comply with or any liability under any Environmental Law, failure to obtain or comply with any Environmental Permit, costs of any investigation, and any remediation, of any Material of Environmental Concern, and any other cost or liability, including compensatory damages (including damages to natural resources), punitive damages, fines, and penalties pursuant to any Environmental Law.