Common use of Lender's Right to Protect Collateral Clause in Contracts

Lender's Right to Protect Collateral. If (1) any discharge of Hazardous Materials or the threat of a discharge of Hazardous Material affecting the Project occurs, whether originating or emanating from the Project or any contiguous real estate, and/or (2) Borrower fails to comply with any Environmental Laws or related regulations, Lender may at its election, but without the obligation so to do, give such notices and/or cause such work to be performed at the Project and/or take any and all other actions as Lender shall deem necessary or advisable in order to axxxx the discharge of any Hazardous Material, remove the Hazardous Material or cure Borrower's noncompliance.

Lender's Right to Protect Collateral. If (1) any discharge of Hazardous Materials or the threat of a discharge of Hazardous Material affecting the Project occurs, whether originating or emanating from the Project or any contiguous real estate, and/or (2) Borrower fails to comply with any Environmental Laws or related regulations, Lender may at its election, but without the obligation so to do, give such notices and/or cause such work to be performed at the Project and/or take any and all other actions as Lender shall deem necessary or advisable in order to axxxx xxxxx the discharge of any Hazardous Material, remove the Hazardous Material or cure Borrower's ’s noncompliance.

Lender's Right to Protect Collateral. If (1a) any discharge of Hazardous Materials or the threat of a discharge of Hazardous Material affecting the any Project occurs, whether originating or emanating from the a Project or any contiguous real estate, and/or (2b) Borrower fails to comply with any Environmental Laws or related regulations, Lender may at its election, but without the obligation so to do, give such notices and/or cause such work to be performed at the such Project and/or take any and all other actions as Lender shall deem necessary or advisable in order to axxxx xxxxx the discharge of any Hazardous Material, remove the Hazardous Material or cure Borrower's ’s noncompliance.