definiens: means, as of or prior to the Closing Date, ( i ) the presence or Release of Hazardous Materials in, on or under the Leased Real Property or any other property owned, l eased or used by Sellers in connection with the Business and the Purchased Assets regardless of how the Hazardo us Materials came to rest at, on or under any such pro perty, ( ii ) any disposal of Hazardous Materials to any third - party offsite locations in connection with the Busi ness ( including without limitation from the Leased Real Property or any other property owned, leased or used by Sell ers in connection with the Business and the Purchas ed Assets ), ( iii ) the failure of the Sellers, the Business or a ny properties or operations used in connection with the Business to be in compliance with any Environmental Laws, and ( iv ) any other act, omission or condition existing w ith respect to the Business or the Purchased Assets which gives rise to Liability under any Environmental Laws