Covenants of Indemnitor. (a) Borrower shall neither use nor permit any third party to use, generate, manufacture, produce, store, or Release, on, under or about the Property, or transfer to or from the Property, any Hazardous Substance except De Minimis Amounts in compliance with all applicable Environmental Laws, provided that if any third party, by act or omission or by intent or accident, allows any foregoing action to occur, Borrower shall promptly remedy such condition, at its sole expense and responsibility, in accordance with Paragraph 5 below. Furthermore, Borrower shall not permit any liens under any Environmental Law to be placed on any portion of the Property.
Covenants of Indemnitor. 4.1 Indemnitor shall (i) comply in all respects with applicable Environmental Laws and undertake reasonable steps to the protect the Mortgaged Property from Hazardous Materials; (ii) notify Administrative Agent promptly following Indemnitor’s discovery of any spill, discharge, release or presence of any Hazardous Material at, upon, under, within or otherwise affecting the Mortgaged Property; (iii) promptly remove any Hazardous Materials and remediate the Mortgaged Property to the extent required by and in full compliance with applicable Environmental Laws; and (iv) promptly forward to Administrative Agent copies of all orders, notices, permits, applications or other written communications and reports received by Indemnitor in connection with any spill, discharge, release or the presence of any Hazardous Material or any other matters regulated by the Environmental Laws, as they may affect the Mortgaged Property or Indemnitor.
Covenants of Indemnitor. Indemnitor agrees as follows:
Covenants of Indemnitor. Indemnitor covenants and agrees to and with Lender with respect to the Property, that at all times, and at Indemnitor’s sole cost and expense: (a) Indemnitor shall keep or cause the Property to be kept free of Hazardous Substances and not cause or permit the Property to be used to generate, manufacture, refine, transport, treat, store, handle, dispose, produce or process Hazardous Substances except, in each case, in compliance with all Environmental Laws; (b) Indemnitor shall use commercially reasonable efforts to ensure compliance by all tenants, owners, operators and occupants, if any, of the Property with all Environmental Laws and will use commercially reasonable diligent efforts to ensure that all such tenants, owners, operators and occupants obtain and comply with any and all required approvals, registration or permits in connection with Environmental Laws; (c) Indemnitor shall not store, utilize, generate, treat, transport or dispose (or acquiesce in the storage, utilization, generation, transportation, treatment or disposal of) any Hazardous Substances on, at, under or from the Property except in accordance with all Environmental Laws; (d) Indemnitor shall immediately notify Lender in writing of (i) the storage, presence, utilization, generation, transportation or disposal of any Hazardous Substances on, at or under the Property other than in accordance with all applicable Environmental Laws upon obtaining knowledge thereof, (ii) Indemnitor’s discovery of any occurrence or condition on any real property adjoining or in the vicinity of the Property that could cause the Property or any part thereof to be subject to any restrictions on the ownership, occupancy, transferability or use of the Property under any Environmental Law and (iii) the occurrence of any Hazardous Substances Release, or any pending or threatened Regulatory Actions, or any written claims made by any Governmental Authority or third party, relating to any Hazardous Substances or Hazardous Substances Release on, from or affecting the Property; (e) Indemnitor shall reasonably promptly furnish Lender with copies of any correspondence or legal pleadings or documents in connection with any matter referenced in subdivision (d) above, and keep Lender or cause Lender to be kept apprised of the status of, and any material developments in connection with, such matters, it being acknowledged and agreed that Lender shall have the right, but shall not be obligated, to notify any Governmental Auth...
Covenants of Indemnitor. 3 4.1 Notice..................................................................3 4.2
Covenants of Indemnitor. (a) The Indemnitor shall, for so long as the Premises is owned by the Indemnitor, exercise the same degree of care as a reasonable, prudent developer or owner of like properties would exercise to keep or cause the Premises to be kept free from Hazardous Materials (other than Operating Supplies) and in compliance with all applicable Environmental Laws, shall not install or use any underground storage tanks, shall expressly prohibit the use (other than Operating Supplies), generation, handling, storage, production, processing and disposal of Hazardous Materials by all occupants of space in the improvements at the Premises, and, without limiting the generality of the foregoing shall not install in the improvements at the Premises or permit to be installed in the improvements at the Premises asbestos or any substance containing asbestos. The Indemnitor acknowledges and agrees that the Beneficiaries have no duty to provide Indemnitor with any information regarding the Environmental Laws or any interpretation thereof.
Covenants of Indemnitor. Section 3.01
Covenants of Indemnitor. Indemnitor covenants and agrees with ----------------------- Lender as follows:
Covenants of Indemnitor. Indemnitor covenants and agrees with Purchaser that, with respect to Sections 4.1 and 4.3, until the Closing Date, and in the case of Section 4.2 to the end of the applicable period specified therein, Indemnitor will comply with all covenants and provisions of this Section 4, except to the extent Purchaser may otherwise consent in writing.
Covenants of Indemnitor
