ENVIRONMENTAL STATEMENTS Sample Clauses
The Environmental Statements clause requires parties to provide accurate and complete information regarding the environmental impact or compliance status of their activities, products, or properties. In practice, this clause may obligate a seller to disclose any known environmental hazards, contamination, or regulatory violations associated with a site or asset, or require ongoing reporting of environmental performance. Its core function is to ensure transparency and allocate responsibility for environmental risks, helping prevent disputes and regulatory issues related to undisclosed environmental matters.
ENVIRONMENTAL STATEMENTS. Immediately upon Tenant's learning, or having reasonable cause to believe, that any Hazardous Material in a quantity sufficient to require remediation or reporting under applicable law is located in, on or under the Property or any adjacent property, Tenant shall notify Landlord in writing of (a) the existence of any such Hazardous Material; (b) any enforcement, cleanup, removal, or other governmental or regulatory action instituted, completed or threatened; (c) any claim made or threatened by any Person against Tenant or the Property relating to damage, contribution, cost recovery, compensation, loss, or injury resulting from or claimed to result from any Hazardous Material; and (d) any reports made to any federal, state or local environmental agency arising out of or in connection with any Hazardous Material in or removed from the Property, including any complaints, notices, warnings or asserted violations in connection therewith.
ENVIRONMENTAL STATEMENTS. 70 ARTICLE 25
ENVIRONMENTAL STATEMENTS. Immediately upon Tenant's learning, or having reasonable cause to believe, that any Hazardous Material in a quantity sufficient to require remediation or reporting under applicable law is located in, on or under the Leased Property or any adjacent property, Tenant shall notify Landlord in writing of (a) any enforcement, cleanup, removal, or other governmental or regulatory action instituted, completed or threatened; (b) any claim made or threatened by any Person against Tenant or the Leased Property relating to damage, contribution, cost recovery, compensation, loss, or injury resulting from or claimed to result from any Hazardous Material; and (c) any reports made to any federal, state or local environmental agency arising out of or in connection with any Hazardous Material at, on, removed or released from the Leased Property, including any complaints, notices, warnings or asserted violations in connection therewith.
ENVIRONMENTAL STATEMENTS. Immediately upon Tenant's learning, or having reasonable cause to believe, and except as set forth in the Environmental Reports, that any Hazardous Material in a quantity sufficient to require remediation or reporting under applicable law is located in, on or under the Property or any adjacent property, Tenant shall notify Landlord in writing of (a) the existence of any such Hazardous Material; (b) any enforcement, cleanup, removal, or other governmental or regulatory action instituted, completed or threatened; (c) any claim made or threatened by any Person against Tenant or the Property relating to damage, contribution, cost recovery, compensation, loss, or injury resulting from or claimed to result from any Hazardous Material; and (d) any reports made to any federal, state or local environmental agency arising out of or in connection with any Hazardous Material in or removed from the Property, including any complaints, notices, warnings or asserted violations in connection therewith.
ENVIRONMENTAL STATEMENTS. 63 24.4 Charges..................................................63 ARTICLE XXV..................................................................64
ENVIRONMENTAL STATEMENTS. Immediately upon Tenant's learning, or having reasonable cause to believe, that any Hazardous Material in a quantity sufficient to require remediation or reporting under applicable law is located in, on or under the Leased Property or any adjacent property, Tenant shall notify Landlord in writing of the same, which notice shall include, to the extent actually known to Tenant, (a) a statement, in reasonable detail, of any enforcement, cleanup, removal, or other governmental or regulatory action instituted, completed or threatened; (b) a statement, in reasonable detail, of any claim made or threatened by any Person against Tenant or the Leased Property relating to damage, contribution, cost recovery, compensation, loss, or injury resulting from or claim to result from any Hazardous Material; and (c) any reports made to any federal, state or local environmental agency arising out of or in connection with any Hazardous Material in or removed from the Leased Property, including any complaints, notices, warnings or asserted violations in connection therewith.
ENVIRONMENTAL STATEMENTS. Promptly upon Tenant's learning, or having reasonable cause to believe, that any Hazardous Material in a quantity sufficient to require remediation or reporting under applicable law has been released, or disposed of, in, on or under the Leased Property or any adjacent property in violation of Environmental Laws, Tenant shall notify Landlord in writing of the same, which notice shall include (a) a statement, in reasonable detail, of any enforcement, cleanup, removal, or other governmental or regulatory action instituted, completed or threatened; (b) a statement, in reasonable detail, of any claim made or threatened by any Person against Tenant or the Leased Property relating to damage, contribution, cost recovery, compensation, loss, or injury resulting from or claim to result from any
ENVIRONMENTAL STATEMENTS. The Borrower shall complete and deliver (and cause to be completed and delivered) to the Bank, prior to the closing of the transaction contemplated by this Contract and when otherwise requested by the Bank, the Bank's standard environmental questionnaires and forms with respect to the Real Property and with respect to any adjoining property as required by the Bank. If requested by the Bank, the Borrower also shall deliver, or cause to be delivered to the Bank, evidence that the Real Property complies with all applicable laws and regulations pertaining to the protection and preservation of the environment. In the Bank's discretion, such evidence may include (without limitation) a certificate, prepared by an environmental engineer acceptable to the Bank, attesting to the satisfactory environmental condition of the Real Property and certifying that all occupants of the Real Property have complied and are complying with all federal, state and local environmental statutes, laws, and regulations. Following the review of any such report, the Bank may require additional testing at the Borrower's expense. The Bank will not be required to advance any funds if the Real Property is subject to any existing or threatened contamination, contains any hazardous materials, or violates (or its intended use will violate) any environmental law or regulation. The Borrower covenants that no violation of any environmental law or regulation shall exist with respect to the Real Property.
ENVIRONMENTAL STATEMENTS. 61 ARTICLE XXV..........................................................................................61