Common use of Environmental undertakings Clause in Contracts

Environmental undertakings. Tenant’s operations on the Leased Property from and after the Effective Date shall comply in all material respects with Environmental Laws. Landlord will conduct no operations on the Leased Property. After either Party discovers the existence of a material violation of Environmental Laws with respect to the Leased Property, discovers a Release of Hazardous Substances on, under, at or from the Leased Property that requires the performance of material Corrective Action under Environmental Law, or otherwise receives written notice of any alleged material Corrective Action liabilities under Environmental Law with respect to the Leased Property, that Party shall give prompt written notice to the other Party of such event.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Energy XXI LTD), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.), Lease Agreement (Energy XXI LTD)

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