Environmental Enforcement Actions Sample Clauses
The Environmental Enforcement Actions clause outlines the responsibilities and procedures that apply if a party becomes subject to government investigations, penalties, or legal actions related to environmental laws. Typically, this clause requires the affected party to promptly notify the other party, cooperate with any necessary investigations, and may obligate the responsible party to remediate environmental harm or cover associated costs. Its core function is to allocate risk and ensure that both parties are aware of and prepared to address potential liabilities arising from environmental compliance issues.
Environmental Enforcement Actions. Comply with, settle or otherwise satisfy any Environmental Enforcement Action, including, but not limited to, the payment of any fines or penalties imposed by any governmental authority and the payment of all amounts required to remove any lien or threat of lien on or affecting any of the Mortgaged Property; and
Environmental Enforcement Actions. Comply with, settle, or otherwise satisfy any Environmental Enforcement Action including, but not limited to, the payment of any funds or penalties imposed by any governmental authority and the payment of all amounts required to remove any lien or threat of lien on or affecting the Property; provided, however, that the Agent shall not be permitted to take any such action so long as (i) the Borrower, or any other Indemnitor, is exercising its rights under Section 6 of this Agreement, and (ii) no Event of Default has occurred and is continuing; and