Common use of Dangerous Condition Clause in Contracts

Dangerous Condition. There shall exist no Dangerous Condition (as ------------------- hereinafter defined) with respect to the Property. A Dangerous Condition is the occurrence of any of the following events (or events of similar magnitude) which could in Patriot's reasonable judgment, materially and adversely affect the Property: (i) a structural failure causing significant human fatalities such as the structural failure that occurred at the Hyatt Hotel in Kansas City, Missouri; (ii) significant human fatalities caused by disease which is specifically identified with the Property such as the occurrence of Legionnaires disease associated with the Bellevue Stratford Hotel in Philadelphia, Pennsylvania; (iii) significant human fatalities caused by the failure of life/safety systems such as the fire which occurred at the MGM Grand Hotel in Las Vegas, Nevada; or (iv) the presence of any Hazardous Materials which first occurs following the expiration of the Study Period if the abatement or other remediation of such Hazardous Materials is required by Environmental Requirements, as evidenced by a letter from a qualified engineer (with a copy of the report of such engineer), and Crow is not willing to remediate or xxxxx the condition caused by Hazardous Materials on or before the Closing Date.

Dangerous Condition. There shall exist no Dangerous Condition ------------------- (as ------------------- hereinafter defined) with respect to the Property. A Dangerous Condition is the occurrence of any of the following events (or events of similar magnitude) which could in Patriot's reasonable judgment, materially and adversely affect the Property: (i) a structural failure causing significant human fatalities such as the structural failure that occurred at the Hyatt Hotel in Kansas City, Missouri; (ii) significant human fatalities caused by disease which is specifically identified with the Property such as the occurrence of Legionnaires disease associated with the Bellevue Stratford Hotel in Philadelphia, Pennsylvania; (iii) significant human fatalities caused by the failure of life/safety systems such as the fire which occurred at the MGM Grand Hotel in Las Vegas, Nevada; or (iv) the presence of any Hazardous Materials which first occurs following the expiration of the Study Period if the abatement or other remediation of such Hazardous Materials is required by Environmental Requirements, as evidenced by a letter from a qualified engineer (with a copy of the report of such engineer), and Crow is not willing to remediate or xxxxx the condition caused by Hazardous Materials on or before the Closing Date.