Covenants and Representations. (1) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property. (2) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b), Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law. (3) Borrower shall be solely responsible for and agrees to indemnify FINOVA, protect and defend FINOVA with counsel reasonably acceptable to FINOVA, and hold FINOVA harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVA, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made by FINOVA in good faith and shall constitute Obligations hereunder.
Appears in 3 contracts
Samples: Loan and Security Agreement (Nstor Technologies Inc), Loan and Security Agreement (Organic Food Products Inc), Loan and Security Agreement (1 800 Autotow Inc)
Covenants and Representations. (1a) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities by Borrower or any other Person for which Borrower could reasonably expected to be responsible under Applicable Law on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances Substances, except in compliance in all material respects with Applicable Law Law, either (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations of Borrower or its Affiliates on or in the Property.
(2b) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)8.2.2, Borrower represents and warrants that it is in full compliance in all material respects with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable LawLaw which could reasonably be expected to result in a liability or remediation or clean-up costs in excess of $250,000.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVADLL, protect and defend FINOVA DLL with counsel reasonably acceptable to FINOVADLL, and hold FINOVA DLL harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, reasonable attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA DLL (collectively, the "“Environmental Costs"”), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, disposal, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVADLL, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made DLL if incurred by FINOVA DLL in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Covenants and Representations. (1) Borrower Each Loan Party represents and warrants that there have not been been, during the period of Borrowersuch Loan Party's possession of any interest in the Property owned by it, and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (ia) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (iib) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iiic) used in connection with any operations on or in the Property.
(2) . Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)15.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3) . Borrower shall be solely responsible for and agrees to indemnify FINOVALender, protect and defend FINOVA with counsel reasonably acceptable to FINOVALender, and hold FINOVA Lender harmless from and against any claims, claims actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA Lender (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (ia) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (iib) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVALender, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA Lender shall be deemed to be made by FINOVA Lender in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Glasgal Communications Inc)
Covenants and Representations. (1) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b), Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3) Borrower shall be solely responsible for and agrees to indemnify FINOVA, protect and defend FINOVA with counsel reasonably acceptable to FINOVA, and hold FINOVA harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA (collectively, the "Environmental CostsENVIRONMENTAL COSTS"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVA, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made by FINOVA in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Medley Credit Acceptance Corp)
Covenants and Representations. (1a) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2b) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)15.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVA, protect and defend FINOVA with counsel reasonably acceptable to FINOVA, and hold FINOVA harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVA, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made by FINOVA in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Performance Printing Corp)
Covenants and Representations. (1) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property Premises and, to the best of its knowledge after reasonable inquiry, there have not been at any other timestime, any activities on the Property Premises involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.land
(2) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)8.2.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates affiliates of any Applicable Law.
(3) Borrower shall be solely responsible for and agrees to indemnify FINOVALender, protect and defend FINOVA Lender with counsel reasonably acceptable to FINOVALender, and hold FINOVA Lender harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA Lender (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the PropertyPremises, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVALender, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA Lender shall be deemed to be made by FINOVA Lender in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Covenants and Representations. (1a) Borrower represents represents, and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2b) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b8.2(2), Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVA, protect and defend FINOVA with counsel reasonably acceptable to FINOVA, and hold FINOVA harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements settlement of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenantscovenants set forth in paragraph 8.2(a); except to the extent any of the foregoing result from the actions of FINOVA, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made by FINOVA in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Cumetrix Data Systems Corp)
Covenants and Representations. (1a) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2b) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)8.2.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVATEXTRON, protect and defend FINOVA TEXTRON with counsel reasonably acceptable to FINOVATEXTRON, and hold FINOVA TEXTRON harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA TEXTRON (collectively, the "Environmental CostsENVIRONMENTAL COSTS"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVATEXTRON, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA TEXTRON shall be deemed to be made by FINOVA TEXTRON in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Covenants and Representations. (1) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (ia) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (iib) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iiic) used in connection with any operations on or in the Property.
(2) . Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)15.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3) . Borrower shall be solely responsible for and agrees to indemnify FINOVAindemnity Lender, protect and defend FINOVA with counsel reasonably acceptable to FINOVALender, and hold FINOVA Lender harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA Lender (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (ia) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (iib) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVALender, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA Lender shall be deemed to be made by FINOVA Lender in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Covenants and Representations. (1) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other timestime, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)8.2.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates affiliates of any Applicable Law.
(3) Borrower shall be solely responsible for and agrees to indemnify FINOVALender, protect and defend FINOVA Lender with counsel reasonably acceptable to FINOVALender, and hold FINOVA Lender harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA Lender (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVALender, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA Lender shall be deemed to be made by FINOVA Lender in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Equalnet Holding Corp)
Covenants and Representations. (1a) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2b) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)15.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVA, protect and defend FINOVA with counsel and experts reasonably acceptable to FINOVA, and hold FINOVA harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVA, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made by FINOVA in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Avery Communications Inc)
Covenants and Representations. (1a) Borrower represents and warrants that there have not been during the period of Borrower's ’s possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities by Borrower or any other Person for which Borrower could reasonably expected to be responsible under Applicable Law on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances Substances, except in compliance in all material respects with Applicable Law Law, either (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations of Borrower or its Affiliates on or in the Property.
(2b) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)8.2.2, Borrower represents and warrants that it is in full compliance in all material respects with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable LawLaw which could reasonably be expected to result in a liability or remediation or clean-up costs in excess of $250,000.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVADLL, protect and defend FINOVA DLL with counsel reasonably acceptable to FINOVADLL, and hold FINOVA DLL harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, reasonable attorneys' ’ fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA DLL (collectively, the "“Environmental Costs"”), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, disposal, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVADLL, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made DLL if incurred by FINOVA DLL in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Samples: Loan Agreement (Emtec Inc/Nj)
Covenants and Representations. (1a) Borrower represents and warrants that that, (x) to the best of its knowledge, at no time have there have not been been, and (y) during the period of Borrower's possession of any interest in the Property andProperty, to the best of its knowledge after reasonable inquiry, there have Borrower has not been at any other timesinvolved in, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2b) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)15.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVAGFC, protect and defend FINOVA GFC with counsel reasonably acceptable to FINOVAGFC, and hold FINOVA GFC harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA GFC (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: with any of the following for which Borrower or any of its Affiliates is responsible or is currently aware of or with reasonable diligence should be aware of; (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVA, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made by FINOVA in good faith and shall constitute Obligations hereunder.surface
Appears in 1 contract
Samples: Loan and Security Agreement (Procom Technology Inc)
Covenants and Representations. (1) Borrower represents and warrants that there have not been during the period of BorrowerBxxxxxxx's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, . structures or equipment, (ii) incorporated in the buildings, . structures or improvements included in the Property, . including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b), Borrower represents and warrants that it is in full material compliance with Applicable Law and has received no notice from any Person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
, (3) Borrower shall be solely responsible for and agrees to indemnify FINOVA, protect and defend FINOVA with counsel reasonably acceptable to FINOVA, and hold FINOVA harmless from and against any claims, actions, administrative proceedings, . judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any any, fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the negligence or actions of FINOVA, . its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made by FINOVA in good faith and shall constitute Obligations hereunder. 9. .
Appears in 1 contract
Samples: Secured Revolving Credit Note (Diamond Multimedia Systems Inc)
Covenants and Representations. (1a) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances by Borrower or its Affiliates except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2b) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)14.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVACB&T, protect and defend FINOVA CB&T with counsel reasonably acceptable to FINOVACB&T, and hold FINOVA CB&T harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA CB&T (collectively, the "“Environmental Costs"”), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVACB&T, its employees, agents and representatives. All If Borrower fails to so indemnify CB&T, CB&T may, after thirty (30) days prior written notice to Borrower, pay Environmental Costs incurred or advanced by FINOVA CB&T, in which event all Environmental Costs so paid by CB&T shall be deemed to be made by FINOVA CB&T in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Collectors Universe Inc)
Covenants and Representations. (1) Each Borrower represents and warrants that there have not been during the period of a Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (ia) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (iib) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iiic) used in connection with any operations on or in the Property.
(2) . Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)15.2, each Borrower represents and warrants that it each Borrower is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by any Borrower or its Affiliates of any Applicable Law.
(3) Borrower . Borrowers shall be solely responsible for and agrees to indemnify FINOVALender, protect and defend FINOVA with counsel reasonably acceptable to FINOVALender, and hold FINOVA Lender harmless from and against any claims, claims actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA Lender (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (ia) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (iib) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVALender, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA Lender shall be deemed to be made by FINOVA Lender in good faith and shall constitute Obligations hereunder. Borrowers' obligations under this section shall be joint and several.
Appears in 1 contract
Samples: Loan and Security Agreement (Core Technologies Pennsylvania Inc)
Covenants and Representations. (1a) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, except as provided on Exhibit 15.2 attached hereto, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in material compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2b) Without Except as provided on Exhibit 15.2 attached hereto, without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)15.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVA, protect and defend FINOVA with counsel and experts reasonably acceptable to FINOVA, and hold FINOVA harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVA, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA shall be deemed to be made by FINOVA in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Covenants and Representations. (1a) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property and, to the best of its knowledge after reasonable inquiry, there have not been at any other times, any activities on the Property involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.
(2b) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)8.2.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates of any Applicable Law.
(3c) Borrower shall be solely responsible for and agrees to indemnify FINOVATEXTRON, protect and defend FINOVA TEXTRON with counsel reasonably acceptable to FINOVATEXTRON, and hold FINOVA TEXTRON harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA (collectivelyTEXTRON(collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the Property, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVATEXTRON, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA TEXTRON shall be deemed to be made by FINOVA TEXTRON in good faith and shall constitute Obligations hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Micros to Mainframes Inc)
Covenants and Representations. (1) Borrower represents and warrants that there have not been during the period of Borrower's possession of any interest in the Property Premises and, to the best of its knowledge after reasonable inquiry, there have not been at any other timestime, any activities on the Property Premises involving, directly or indirectly, the use, generation, treatment, storage or disposal of any Hazardous Substances except in compliance with Applicable Law (i) under, on or in the land included in the Property, whether contained in soil, tanks, sumps, ponds, lagoons, barrels, cans or other containments, structures or equipment, (ii) incorporated in the buildings, structures or improvements included in the Property, including any building material containing asbestos, or (iii) used in connection with any operations on or in the Property.,
(2) Without limiting the generality of the foregoing and to the extent not included within the scope of this Section 8.2(b)8.2.2, Borrower represents and warrants that it is in full compliance with Applicable Law and has received no notice from any Person person or any governmental agency or other entity of any violation by Borrower or its Affiliates affiliates of any Applicable Law.
(3) Borrower shall be solely responsible for and agrees to indemnify FINOVALender, protect and defend FINOVA Lender with counsel reasonably acceptable to FINOVALender, and hold FINOVA Lender harmless from and against any claims, actions, administrative proceedings, judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlements of claims), interest or losses, attorneys' fees (including any fees and expenses incurred in enforcing this indemnity), consultant fees, expert fees, and other out-of-pocket costs or expenses actually incurred by FINOVA Lender (collectively, the "Environmental Costs"), that may, at any time or from time to time, arise directly or indirectly from or in connection with: (i) the presence, suspected presence, release or suspected release of any Hazardous Substance whether into the air, soil, surface water or groundwater of or at the PropertyPremises, or any other violation of Applicable Law, or (ii) any breach of the foregoing representations and covenants; except to the extent any of the foregoing result from the actions of FINOVALender, its employees, agents and representatives. All Environmental Costs incurred or advanced by FINOVA Lender shall be deemed to be made by FINOVA Lender in good faith and shall constitute Obligations hereunder.
Appears in 1 contract