We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of HAZARDOUS WASTE INDEMNIFICATION Clause in Contracts

HAZARDOUS WASTE INDEMNIFICATION. The Borrower will indemnify and hold harmless the Bank from any loss or liability directly or indirectly arising out of the use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity will apply whether the hazardous substance is on, under or about the Borrower's property or operations or property leased to the Borrower. The indemnity includes but is not limited to attorneys' fees (including the reasonable estimate of the allocated cost of in-house counsel and staff). The indemnity extends to the Bank, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys and assigns. For these purposes, the term "hazardous substances" means any substance which is or becomes designated as "hazardous" or "toxic" under any federal, state or local law. This indemnity will survive repayment of the Borrower's obligations to the Bank.

Appears in 4 contracts

Samples: Business Loan Agreement (Medical Science Systems Inc), Automobile Flooring and Security Agreement (United Auto Group Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc)

HAZARDOUS WASTE INDEMNIFICATION. The Each Borrower will indemnify and hold Bank harmless the Bank from any loss or liability directly or indirectly arising out of the use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity will apply whether the hazardous substance is on, under or about the each Borrower's property or operations or property leased to the each Borrower. The indemnity includes but is not limited to attorneys' fees (including the reasonable estimate of the allocated cost of in-house counsel and staff). The indemnity extends to the Bank, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys attorneys, and assigns. For these purposes, the term "hazardous substanceshazardous" or "toxic" means any substance which is or becomes designated as "hazardous" or "toxic" under any federal, state state, or local law. This indemnity will survive repayment of the Borrower's Borrowers' obligations to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Lec Technologies Inc)

HAZARDOUS WASTE INDEMNIFICATION. The Borrower will indemnify and hold harmless the Bank from any loss or liability directly or indirectly arising out of the use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity will apply whether the hazardous substance is on, under or about the Borrower's property or operations or of property leased to the Borrower. The indemnity includes but is not limited to attorneys' attorney's fees (including the reasonable estimate of the allocated cost of to in-house counsel and staff). The indemnity extends to the Bank, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys and assigns. For these purposes, the term "hazardous substances" means any substance which is or becomes designated as "hazardous" or "toxic" under any federal, state or local law. This indemnity will survive repayment of the Borrower's obligations to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Medical Science Systems Inc)

HAZARDOUS WASTE INDEMNIFICATION. The Borrower Borrowers will indemnify indemnify, protect, defend and hold harmless the Bank for, from and against any loss or liability directly or indirectly arising out of the use, use generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity will apply whether the hazardous substance is on, under or about the Borrower's Borrowers' property or operations or property leased to the BorrowerBorrowers. The This indemnity includes includes, but is not limited to to, attorneys' fees (including the reasonable estimate of the allocated cost of in-house counsel and staff). The This indemnity extends to the Bank, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys and assigns. For these purposes, the The term "hazardous substances" ("Hazardous Substances") means any substance which is or becomes designated as "hazardous" or "toxic" under any federal, state or local law, or any petroleum products, including crude oil and any produce derived directly or indirectly from, or any fraction or distillate of, crude oil. This indemnity will survive repayment of the Borrower's Borrowers' obligations to the Bank.

Appears in 1 contract

Samples: Loan Modification Agreement (Lec Technologies Inc)

HAZARDOUS WASTE INDEMNIFICATION. The Borrower will indemnify and hold ------------------------------- harmless the Bank Lender from any loss or liability directly or indirectly arising out of the use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity will apply whether the hazardous substance is on, under or about the Borrower's property or operations or property leased to the Borrower. The indemnity includes but is not limited to attorneys' fees (including the reasonable estimate of the allocated cost of in-house counsel and staff). The indemnity extends to the BankLender, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys and assigns. For these purposes, the term "hazardous substances" means any substance which is or becomes designated as "hazardous" or "toxic" under any federal, state or local law. This indemnity will survive repayment of the Borrower's obligations to the BankLender.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Tis Mortgage Investment Co)

HAZARDOUS WASTE INDEMNIFICATION. The Borrower will indemnify and hold harmless the Bank from any loss or liability directly or indirectly arising out of the use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity Indemnity will apply whether the hazardous substance is on, under or about the Borrower's property or operations or property leased to the Borrower. The indemnity Indemnity includes but is not limited to attorneys' attorney's fees (including the reasonable estimate of the allocated cost of in-house counsel and staff). The indemnity Indemnity extends to the Bank, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys and assigns. For these purposes, the term "hazardous substances" means any substance which is or becomes designated as "hazardous" or "toxic" under any federal, state or local law. This indemnity Indemnity will survive repayment of the Borrower's obligations to the Bank.

Appears in 1 contract

Samples: Business Line of Credit Agreement (Pacific Softworks Inc)

HAZARDOUS WASTE INDEMNIFICATION. The Borrower will indemnify and hold harmless the Bank from any loss or liability directly or indirectly arising out of the use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity will apply whether the hazardous substance is on, under or about the Borrower's property or operations or property leased to the Borrower. The indemnity includes but is not limited to attorneys' attorney's fees (including the reasonable estimate estimates of the allocated cost of in-house counsel and staff). The indemnity extends to the Bank, its parentparents, subsidiaries subsidiaries, and all of their directors, officers, employees, agents, successors, attorneys and assigns. For these purposes, purposes the term "hazardous substances" means any substance which is or becomes designated as "hazardous" or "toxic" under any federal, state or local law. This indemnity will survive repayment of the Borrower's obligations to the Bank.

Appears in 1 contract

Samples: Business Line Credit Agreement (Top Tier Software Inc)

HAZARDOUS WASTE INDEMNIFICATION. The Borrower will indemnify and hold harmless the Bank from any loss or liability directly or indirectly arising out of the use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity will apply whether the hazardous substance is on, under or about the Borrower's property or operations or property leased to the Borrower. The indemnity includes but is not limited to attorneys' fees (including the reasonable estimate of the allocated cost coat of in-house counsel and staff). The indemnity extends to the Bank, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys and assigns. For these purposes, the term "hazardous substances" means any substance which is or becomes designated as "hazardous" or "'toxic" under any federal, state or local law. , This indemnity will survive repayment of the Borrower's obligations to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Farr Co)

HAZARDOUS WASTE INDEMNIFICATION. The Borrower will indemnify and hold Bank harmless the Bank from any loss or liability directly or indirectly arising out of the use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substancesubstance by Borrower. This indemnity will apply whether the hazardous substance is on, under or about the Borrower's property or operations or property leased to the Borrower. The indemnity includes but is not limited to attorneys' fees (including the reasonable estimate of the allocated cost of in-house counsel and staff). The indemnity extends to the Bank, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys attorneys, and assigns. For these purposes, the term terms "hazardous substanceshazardous" or "toxic" means any substance which is or becomes designated as "hazardous" or "toxic" under any federal, state state, or local law. This indemnity will survive repayment of the Borrower's obligations to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Mobility Electronics Inc)

HAZARDOUS WASTE INDEMNIFICATION. The Borrower will indemnify and hold harmless the Bank from Bank, for any loss or liability directly or indirectly arising out of the use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity will apply whether the hazardous substance is on, under or about the Borrower's property or operations or property leased to the Borrower. The indemnity Indemnity includes but is not limited to attorneys' fees (including the reasonable estimate of the allocated cost of in-house counsel and staff). The indemnity extends to the Bank, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys and assigns. For these purposes, the term "hazardous substances" means any substance which is or becomes designated as "hazardous" or "toxic" under any federal, state or local law. This indemnity will survive repayment of the Borrower's obligations to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Medical Science Systems Inc)