Extract to table

However, critical coverage limitations in the PLL indication — most significantly, the known-conditions exclusion, the pre-existing contamination definition, and the vapor intrusion sublimit — must be satisfactorily resolved before PLL insurance can serve as an adequate substitute for contractual protections

Crestline must absorb the first $475,000 of aggregate environmental losses before any indemnification obligation of the Seller attaches

Coverage Gaps and Exclusions — Critical Issues While the PLL policy offers attractive aggregate limits and duration, several critical coverage limitations in the Ironclad indication must be carefully analyzed and, if possible, resolved through negotiation before PLL insurance can serve as a reliable risk transfer mechanism in this transaction

The PLL policy must schedule these facilities as "covered locations" in order for environmental conditions at those sites to be eligible for coverage