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(Y) "Remediation Equipment" shall have the meaning specified in Section 7(d). (Z) "Reportable Quantity of a Hazardous Substance" shall mean a Release which is required, pursuant to Environmental Laws, to be reported to a government agency. (aa) "Retail Site" shall mean' Real Property and Improvements used for the retail sale of motor fuel to the general public. (ab) "Retained Environmental Liability" shall mean any liability imposed by Environmental Laws arising out of Seller's pre-Closing activities other than activities associated with the 76 Assets, and shall also include any liability for any designated "Superfund" site as of the Closing Date under the Comprehensive Environmental Response, Compensation and Liability Act for which Seller has been named a "Potentially Responsible Party" as of the Closing Date. Retained Environmental Liability shall not include Compliance Action or Corrective Action. (ac) "Sale and Purchase Agreement" shall have the meaning specified in the first recital of this Agreement. interest.(ad) "Seller" shall mean Union -Oil Company of California and its successors in (ae) "Special Damages" shall have the meaning specified in Section 7(d). (af) "UST Funds" shall have the meaning specified in Section 9(a). (ag) "76 Assets" shall mean the business and assets of the 76 Products Company business segment of Seller acquired by Purchaser pursuant to the Sale.and Purchase Agreement. (ah) "$200 Million Cap" shall have the meaning specified in Section 4(a). 2• Seller's Environmental Representations. To Seller's knowledge, Schedule 2A sets forth an accurate .and complete list of all Permits Seller has for operation of the 76 Assets pursuant to applicable Environmental Laws. Except for the items set forth in Schedule 2B to this Agreement, to the best of Seller's knowledge as of the Closing: (a) All Permits necessary for the operation of the 76 Assets, as they are currently being operated by Seller, have been obtained and are in effect and, where required, applications for renewal thereof have been timely filed, except where the failure to obtain such Permits, individually or in the aggregate, would not have a significant adverse effect upon the operation of the 76 Assets as they have been operated on a historical basis. 4.