Compliance with Laws; Environmental Indemnity. Lessee will (a) comply with the requirements of applicable laws and regulations, the noncompliance with which would materially and adversely affect its business or its financial condition, (b) comply with all applicable Environmental Laws and regulations and obtain any permits, licenses or similar approvals required by any such laws or regulations and (c) use and keep the Project and the Property, and will require that others use and keep the Project and the Property, only for lawful purposes, without violation of any federal, state or local law, statute or ordinance. Lessee shall secure all permits and licenses, if any, necessary for the installation and operation of the Project and the Property. Lessee shall comply in all respects (including, without limitation, with respect to the use, maintenance and operation of each portion of the Project and the Property) with all laws of the jurisdictions in which its operations involving any component of the Project or the Property may extend and of any legislative, executive, administrative or judicial body exercising any power or jurisdiction over the portions of the Project or the Property or its interest or rights under this Agreement. Lessee will indemnify, defend and hold Lessor and Bondholder harmless from and against any claims, loss or damage to which Lessor or Bondholder may be subjected as a result of any past, present or future existence, use, handling, storage, transportation or disposal of any hazardous waste or substance or toxic substance by Lessee on the Property or Project. This indemnification shall survive the termination of this Agreement and payment of the indebtedness hereunder and under the Bond.
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Samples: Lease Agreement (MGP Ingredients Inc), Lease Agreement (Midwest Grain Products Inc)
Compliance with Laws; Environmental Indemnity. Lessee Borrower will (a) comply with the requirements of applicable laws and regulations, the noncompliance with which would materially and adversely affect its business or its financial condition, (b) comply with all applicable Environmental Laws and regulations and obtain any permits, licenses or similar approvals required by any such laws or regulations Environmental Laws and (c) use and keep the Project and the PropertyEquipment, and will require that others use and keep the Project and the PropertyEquipment, only for lawful purposes, without violation of any federal, state or local law, statute or ordinance. Lessee Borrower shall secure all permits and licenses, if any, necessary for the installation and operation of the Project and the PropertyEquipment. Lessee Borrower shall comply in all respects (including, without limitation, with respect to the use, maintenance and operation of each portion item of the Project and the PropertyEquipment) with all laws of the jurisdictions in which its operations involving any component of the Project or the Property Equipment may extend and of any legislative, executive, administrative or judicial body exercising any power or jurisdiction over the portions items of the Project or the Property Equipment or its interest or rights under this Agreement. Lessee Borrower will indemnify, defend and hold Lessor and Bondholder Lender or Issuer harmless from and against any claims, loss or damage to which Lessor Lender or Bondholder Issuer may be subjected as a result of any past, present or future existence, use, handling, storage, transportation or disposal of any hazardous waste or substance or toxic substance by Lessee Borrower or on the Property property owned, leased or Projectcontrolled by Borrower. This indemnification shall survive the termination of this Agreement and payment of the indebtedness hereunder and under the Bond.
Appears in 1 contract
Samples: Loan Agreement (Secom General Corp)
Compliance with Laws; Environmental Indemnity. Lessee Borrower will (a) comply with the requirements of applicable laws and regulations, the noncompliance with which would materially and adversely affect its business or its financial condition, (b) comply with all applicable Environmental Laws and regulations and obtain any permits, licenses or similar approvals required by any such laws or regulations Environmental Laws and (c) use and keep the Project and the PropertyEquipment, and will require that others use and keep the Project and the Property, Equipment only for lawful purposes, without violation of any federal, state or local law, statute or ordinance. Lessee Borrower shall secure all permits and licenses, if any, necessary for the installation and operation of the Project and the PropertyEquipment. Lessee Borrower shall comply in all respects (including, without limitation, with respect to the use, maintenance and operation of each portion item of the Project and the PropertyEquipment) with all laws of the jurisdictions in which its operations involving any component of the Project or the Property Equipment may extend and of any legislative, executive, administrative or judicial body exercising any power or jurisdiction over the portions of items at the Project or the Property Equipment or its interest or rights under this Agreement. Lessee Borrower will indemnify, defend and hold Lessor and Bondholder Lender or Issuer harmless from and against any claims, loss or damage to which Lessor Lender or Bondholder Issuer may be subjected as a result of any past, present or future existence, use, handling, storage, transportation or disposal of any hazardous waste or substance or toxic substance by Lessee Borrower or on the Property property owned, leased or Projectcontrolled by Borrower. This indemnification shall survive the termination of this Agreement and payment of the indebtedness hereunder and under the Bond.
Appears in 1 contract
Samples: Loan Agreement (Secom General Corp)
Compliance with Laws; Environmental Indemnity. Lessee will (a) comply with the requirements of applicable laws and regulations, the noncompliance with which would materially and adversely affect its business or could reasonably be expected to cause a material adverse effect on its financial condition, operations, business or prospects, (b) comply with all applicable Environmental Laws and regulations and obtain any permits, licenses or similar approvals required by any such laws or regulations and (c) use and keep the Project and the PropertyCollateral, and will require that others use and keep the Project and the PropertyCollateral, only for lawful purposes, without violation of any federal, state or local law, statute or ordinance. Lessee shall secure all permits and licenses, if any, necessary for the installation and operation of the Project and the PropertyCollateral. Lessee shall comply in all respects (including, without limitation, with respect to the use, maintenance and operation of each portion of the Project and the PropertyCollateral) with all laws of the jurisdictions in which its operations involving any component portion of the Project or the Property Collateral may extend and of any legislative, executive, administrative or judicial body exercising any power or jurisdiction over the portions of the Project or the Property or its interest or rights under this Lease Agreement. Lessee will indemnify, defend and hold Lessor and Bondholder harmless from and against any claims, loss or damage to which Lessor or Bondholder may be subjected as a result of any past, present or future existence, use, handling, storage, transportation or disposal of any hazardous waste or substance or toxic substance by Lessee or on the Property property owned, leased or Projectcontrolled by Lessee. This indemnification shall survive the termination of this Lease Agreement and payment of the indebtedness hereunder and under the Bond.
Appears in 1 contract
Samples: Lease Agreement (Systemax Inc)
Compliance with Laws; Environmental Indemnity. Lessee Borrower will (a) comply with the requirements of applicable laws and regulations, the noncompliance with which would materially and adversely affect its business or its financial condition, (b) comply with all applicable Environmental Laws and regulations and obtain any permits, licenses or similar approvals required by any such laws or regulations and (c) use and keep the Project and the PropertyEquipment, and will require that others use and keep the Project and the PropertyEquipment, only for lawful purposes, without violation of any federal, state or local law, statute or ordinance. Lessee Borrower shall secure all permits and licenses, if any, necessary for the installation and operation of the Project and the PropertyEquipment. Lessee Borrower shall comply in all respects (including, without limitation, with respect to the use, maintenance and operation of each portion item of the Project and the PropertyEquipment) with all laws of the jurisdictions in which its operations involving any component of the Project or the Property Equipment may extend and of any legislative, executive, administrative or judicial body exercising any power or jurisdiction over the portions items of the Project or the Property Equipment or its interest or rights under this Agreement. Lessee Borrower will indemnify, defend and hold Lessor and Bondholder Lender harmless from and against any claims, loss or damage to which Lessor or Bondholder Lender may be subjected as a result of any past, present or future existence, use, handling, storage, transportation or disposal of any hazardous waste or substance or toxic substance by Lessee Borrower or on the Property property owned, leased or Projectcontrolled by Borrower. This indemnification shall survive the termination of this Agreement and payment of the indebtedness hereunder and under the Bond.
Appears in 1 contract