Common use of Covenants of Indemnitor Clause in Contracts

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.

Appears in 3 contracts

Samples: www.sec.gov, Environmental Indemnity Agreement (Inland Real Estate Income Trust, Inc.), Environmental Indemnity Agreement (Inland Real Estate Income Trust, Inc.)

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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 Minimus Amounts in compliance with all applicable Environmental Laws; provided, provided however, that if any third party, by act or omission or by intent or accident, allows any of the foregoing action actions to occur, Borrower Indemnitor shall promptly remedy such condition, at its their sole expense and responsibility, in accordance with Paragraph 5 below. Furthermore, Borrower Indemnitor shall not permit any environmental liens under any Environmental Law to be placed on any portion of the Property.

Appears in 1 contract

Samples: Environmental Indemnity Agreement (Grubb & Ellis Healthcare REIT, Inc.)

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Covenants of Indemnitor. (a) Borrower Indemnitor 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 Indemnitor shall promptly remedy such condition, or cause such condition to be remedied, at its sole expense and responsibility, in accordance with Paragraph Section 5 below. Furthermore, Borrower Indemnitor shall not permit any liens under any Environmental Law to be placed on any portion of the Property.

Appears in 1 contract

Samples: Environmental Indemnity Agreement (Utah Medical Products Inc)

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