Common use of Environmental Assessments Clause in Contracts

Environmental Assessments. Agent shall have the right to require the Indemnitors, at their own cost and expense, to obtain a professional environmental assessment of the Property in accordance with Agent’s then standard environmental assessment requirements and sufficient in scope to comply with the requirements of Section 4 upon the occurrence of any one or more of the following events: (i) an Event of Default, or (ii) upon receipt of any notice of any of the conditions specified in Section 2 of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Shopping Centers Inc)

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Environmental Assessments. Agent shall have the right to require the Indemnitors, at their own cost and expense, to obtain a professional environmental assessment of the affected Property in accordance with Agent’s then standard environmental assessment requirements and sufficient in scope to comply with the requirements of Section 4 upon the occurrence of any one or more of the following events: (i) an Event of Default, or (ii) upon receipt of any notice of any of the conditions specified in Section 2 of this Agreement.

Appears in 2 contracts

Samples: Environmental Compliance and Indemnity Agreement (Wheeler Real Estate Investment Trust, Inc.), Environmental Compliance and Indemnity Agreement (Cedar Realty Trust, Inc.)

Environmental Assessments. Without limitation of the provisions of Section 5 below, Agent shall have the right to require the Indemnitors, at their Indemnitors’ own cost and expense, to obtain a professional environmental assessment of each portion of the Mortgaged Property in accordance with Agent’s then standard environmental assessment requirements and sufficient in scope to comply with the requirements of Section 4 5.1 upon the occurrence of any one or more of the following events: (i) an Event of Default, or (ii) upon receipt of any notice of any of the conditions specified in Section 2 of this Agreement.

Appears in 2 contracts

Samples: Environmental Compliance and Indemnity Agreement (Doe Run Resources Corp), Environmental Compliance and Indemnity Agreement (Doe Run Resources Corp)

Environmental Assessments. Agent shall have the right to require the Indemnitors, at their own cost and expense, to obtain a professional environmental assessment of the Property in accordance with Agent’s then standard environmental assessment requirements form and substance reasonably acceptable to Agent and sufficient in scope to comply with the requirements of Section 4 upon the occurrence of any one or more of the following events: (i) an a continuing Event of Default, ; or (ii) upon receipt of any notice of any of the conditions specified in Section 2 of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (MVP REIT, Inc.), Credit Agreement (MVP REIT II, Inc.)

Environmental Assessments. Agent shall have the right to require the Indemnitors, at their own cost and expense, to obtain a professional environmental assessment of the Property in accordance with Agent’s 's then standard environmental assessment requirements and sufficient in scope to comply with the requirements of Section 4 upon the occurrence of any one or more of the following events: (i) an Event of Default, or (ii) upon receipt of any notice of any of the conditions specified in Section 2 of this Agreement.

Appears in 1 contract

Samples: Environmental Compliance and Indemnity Agreement (Cedar Shopping Centers Inc)

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Environmental Assessments. Agent shall have the right to require the Indemnitors, at their own cost and expense, to obtain a professional environmental assessment of the Property in accordance with Agent’s then standard environmental assessment requirements form and substance reasonably acceptable to Agent and sufficient in scope to comply with the requirements of Section 4 upon the occurrence of any one or more of the following events: (i) an Event of Default, ; or (ii) upon receipt of any notice of any of the conditions specified in Section 2 of this Agreement.

Appears in 1 contract

Samples: Environmental Indemnity Agreement (Moody National REIT II, Inc.)

Environmental Assessments. Agent shall have the right to require the Indemnitors, at their own cost and expense, to obtain a professional environmental assessment of the Property in accordance with Agent’s 's then standard environmental assessment requirements and sufficient in scope to comply with the requirements of Section 4 upon the occurrence of any one or more of the following events: (i) an Event of Default, ; or (ii) upon receipt of any notice of any of the conditions specified in Section 2 of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Parking REIT, Inc.)

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