Common use of Compliance with Environmental Laws; Environmental Reports Clause in Contracts

Compliance with Environmental Laws; Environmental Reports. Except for exceptions to the following that could not reasonably be expected to result in a Material Adverse Effect, comply, and use commercially reasonable efforts to cause all lessees and other Persons occupying its properties to comply, in all respects with all Environmental Laws applicable to its operations and properties; obtain and renew all material Environmental Permits necessary for its operations and properties; and conduct any remedial action required in accordance with Environmental Laws; provided, however, that none of Borrower or any Subsidiary shall be required to undertake any remedial action required by Environmental Laws to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.

Compliance with Environmental Laws; Environmental Reports. (a) Except for exceptions where the failure to the following that could do so would not reasonably be expected to result in have a Material Adverse Effect, : (i) comply, and use commercially reasonable efforts to cause all lessees and other Persons persons occupying its properties to comply, in all respects with all Environmental Laws applicable to its operations and properties; (ii) obtain and renew all material Environmental Permits necessary for its operations and properties; and (iii) conduct any remedial action required by, and in accordance with with, Environmental Laws; provided, however, that none neither the Borrower nor any of Borrower or any Subsidiary its Restricted Subsidiaries shall be required to undertake any remedial action required by Environmental Laws to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.