Asbestos-Containing Materials and Lead Based Paint Sample Clauses

Asbestos-Containing Materials and Lead Based Paint. Tenant acknowledges that due to the age of the Building, the Building could potentially contain asbestos-containing materials and/or lead based paint.
Sample 1
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Asbestos-Containing Materials and Lead Based Paint. Asbestos containing materials (“Asbestos Containing Material”) were identified during previous assessments, however, it is not known if any additional asbestos sampling or abatement has occurred subsequent to the sampling conducted by GEC in 2000. Due to the age of the Property, it may currently contain Asbestos Containing Material, and/or paint with more than 0.5 percent lead by dry weight (“Lead-Based Paint”). Borrower acknowledges that the Property is currently, or may in the future be, subject to rules, regulations, laws, or ordinances governing the use or condition of Lead Based Paint and/or Asbestos Containing Material in, on, or around the Property (collectively, the “ACM/LBP Rules and Regulations”). Based on these factors, the following are Bank’s Compliance Requirements with respect to the presence of Asbestos Containing Material and/or Lead-Based Paint in or on the Property: With respect to any Asbestos Containing Materials and Lead-Based Paint which exists or may exist in, on, or around the Property, while any portion of the Loan is outstanding, if Borrower seeks to do any demolition of remodeling to all or any portion of the Property, or otherwise upon the request of Bank, at Borrower’s sole cost and expense, Borrower shall obtain and deliver to Bank an asbestos survey and/or report and a lead based paint survey and/or report (each, a “Survey.” and collectively, the “Surveys”), at Bank’s option and in form and substance acceptable to Bank. Each such Survey, update, or updated Survey shall be conducted by a consultant acceptable to Bank who shall determine the condition of the Lead Based Paint and/or Asbestos Containing Material and whether any operations and maintenance plan for Lead-Based Paint and Asbestos Containing Material on the Property (an “O & M Plan”) should be implemented or revised, or any other measures taken to ensure the continued safe condition of the Lead Based Paint and/or Asbestos Containing Material. Borrower shall deliver to Bank a copy of the each such update or updated Survey promptly after Borrower’s receipt thereof, and such shall be subject to Bank’s review and approval in it’s sole and absolute discretion. Borrower shall, at Borrower’s sole cost and expense, follow all recommendations in each Survey, as the same may be amended by subsequent updates or updated Surveys, regarding safety conditions for and maintenance of the Lead-Based Paint or Asbestos Containing Material. Borrower shall certify to Bank in writing, no l...
Sample 1

Related to Asbestos-Containing Materials and Lead Based Paint

  • ASBESTOS CONTAINING BUILDING MATERIALS Please be advised that an asbestos survey may have been performed at the Property. If provided, please review the information that identifies the locations of known asbestos containing material or presumed asbestos containing material. All personnel and appropriate subcontractors should be notified of the presence of these materials, and informed not to disturb these materials. Any activity that involves the disturbance or removal of these materials must be done by an appropriately trained individual/contractor.

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  • Training Materials Training Materials will be provided for each student. Training Materials may be used only for either (i) the individual student’s reference during Boeing provided training and for review thereafter or (ii) Customer’s provision of training to individuals directly employed by the Customer.

  • Hazardous Materials Activities, Etc Each Credit Party shall promptly take, and shall cause each of its Subsidiaries promptly to take, any and all actions necessary to (i) cure any violation of applicable Environmental Laws by such Credit Party or its Subsidiaries that could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and (ii) make an appropriate response to any Environmental Claim against such Credit Party or any of its Subsidiaries and discharge any obligations it may have to any Person thereunder where failure to do so could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

  • Materials of Environmental Concern “Materials of Environmental Concern” include chemicals, pollutants, contaminants, wastes, toxic substances, petroleum and petroleum products and any other substance that is now or hereafter regulated by any Environmental Law or that is otherwise a danger to health, reproduction or the environment.

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

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