Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / environmental-indemnification-escrow-provisions.docx
environmental-indemnification-escrow-provisions.docx
Parties
Harkness LLP
Crestline Packaging Solutions LLC
Briarwood Capital Partners LP
TerraVerde Environmental Consulting LLC
Mountainview Properties LLC
Northern Panhandle Realty Corp
Dates
October 21, 2022
August 12, 2022
March 15, 2004
October 18, 2022
October 14, 2022
October 16, 2022
October 22, 2022
October 24, 2022
November 30, 2022
January 1, 2015
Amounts
$4,000,000
$94,500,000
$475,000
$1,925,000
$4,345,000
$3,135,000
$500,000
$750,000
Obligations
• Uncapped Fundamental Environmental Indemnity: Sellers' aggregate liability for Environmental Losses arising from Pre-Closing Environmental Conditions shall be unlimited (uncapped), and such liability shall not be subject to the general indemnification cap set forth in Article X of the SPA
• Carve-Out from General Basket/Deductible: Environmental Losses shall not be subject to the general indemnification basket/deductible of $475,000 set forth in Article X, Section 10
Environmental claims shall be recoverable from the first dollar of loss
1 — Defined Terms For purposes of these Special Environmental Indemnification and Escrow Provisions (these "Environmental Provisions"), the following terms shall have the meanings set forth below
"Buyer Indemnified Parties" shall mean Buyer, the Company, and their respective affiliates, subsidiaries, officers, directors, members, managers, employees, agents, successors, and assigns
"Closing Date" shall mean the date of consummation of the transactions contemplated by the Agreement