Indemnitors’ Obligation to Perform Corrective Work. (a) The Indemnitor shall have the obligation to promptly commence and perform any corrective work required to address any Environmental Damages or Contamination, including any actions required by the Indemnitor under Section 6 (“Corrective Work”) after the occurrence of any of the following: (i) the Indemnitor obtains actual knowledge of any Contamination on, in, under, affecting, or migrating to or from the Property or any surrounding areas; or (ii) an event occurs for which the Administrative Agent can seek indemnification from the Indemnitor pursuant to Section 6.
Appears in 5 contracts
Samples: Intercompany Subordination Agreement (Under Armour, Inc.), Joinder and Assumption Agreement (Under Armour, Inc.), Intercompany Subordination Agreement (Under Armour, Inc.)
Indemnitors’ Obligation to Perform Corrective Work. (a) The Indemnitor shall have the obligation to promptly commence and perform any corrective work required to address any Environmental Damages or ContaminationDamages, including any actions required by the Indemnitor under Section 6 (“Corrective Work”) after the occurrence of any of the following: (i) the Indemnitor obtains actual knowledge of any Contamination on, in, under, affecting, or migrating to or from the Property or any surrounding areas; or (ii) an event occurs for which the Administrative Agent Lender can seek indemnification from the Indemnitor pursuant to Section 6.
Appears in 2 contracts
Samples: Environmental Indemnity Agreement, Environmental Indemnity Agreement (Inland Diversified Real Estate Trust, Inc.)
Indemnitors’ Obligation to Perform Corrective Work. (a) The Indemnitor shall have the obligation to promptly commence and perform any corrective work required to address any Environmental Damages or ContaminationDamages, including any actions required by the Indemnitor under Section 6 (“Corrective Work”) after the occurrence of any of the following: (i) the Indemnitor obtains actual knowledge of any Contamination on, in, under, affecting, or migrating to or from the Property or any surrounding areas; or (ii) an event occurs for which the Administrative Agent Bank can seek indemnification from the Indemnitor pursuant to Section 6.
Appears in 1 contract
Samples: Environmental Indemnity Agreement (Integrated Biopharma Inc)
Indemnitors’ Obligation to Perform Corrective Work. (a) The Indemnitor shall have the obligation to promptly commence and perform any corrective work required to address any Environmental Damages or Contamination, including any actions required by the Indemnitor under Section 6 (“"Corrective Work”") after the occurrence of any of the following: (i) the Indemnitor obtains actual knowledge of any Contamination on, in, under, affecting, or migrating to or from the Property or any surrounding areas; or (ii) an event occurs for which the Administrative Agent Mortgagee can seek indemnification from the Indemnitor pursuant to Section 6.
Appears in 1 contract
Samples: Environmental Indemnity Agreement (Bovie Medical Corp)