Common use of NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS Clause in Contracts

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ receipt of any written notice of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders in writing of any of the following events: (i) upon obtaining knowledge of any violation of any Environmental Law regarding the Real Estate or any Borrower’s operations which could reasonably be expected to result in liability in excess of $15,000,000; (ii) upon obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials at, from, or into the Real Estate which it reports or is reportable in writing to any Governmental Authority which could reasonably be expected to result in liability in excess of $15,000,000; (iii) upon receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous Materials, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authority) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) operation of the Real Estate, (B) contamination on, from or into the Real Estate, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed of Hazardous Materials, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effect; or (iv) upon obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials with respect to which any Borrower could reasonably be expected to have liability in excess of $15,000,000 or for which a Lien for a like amount could reasonably be expected to be imposed on the Real Estate.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers Borrower will provide the Lenders Banks with written notice as to any material cancellation or material adverse change in any insurance of the Borrowers Borrower or any of its Subsidiaries within ten (10) Business Days after the Borrowers’ Borrower's or any of its Subsidiary's receipt of any written notice (whether formal or informal) of such material cancellation or material change by any of their its insurers. (b) The Borrowers Borrower will promptly promptly, and in any event within ten (10) Business Days of the Borrower's obtaining knowledge thereof, notify the Lenders Banks in writing of any of the following events: (i) upon the Borrower's or any Subsidiary's obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or the Borrower's or any Borrower’s Subsidiary's operations which violation could reasonably be expected to result in liability in excess have a material adverse effect on the business, financial condition, or assets of $15,000,000; the Borrower and its Subsidiaries on a consolidated basis; (ii) upon the Borrower's or any Subsidiary's obtaining knowledge of any potential or known Release Release, or threat of Release Release, of any Hazardous Materials Substance at, from, or into the Real Estate which it reports or is reportable in writing to any Governmental Authority Property which could reasonably be expected to result in liability in excess materially affect the business, financial condition, or assets of $15,000,000; the Borrower and its Subsidiaries on a consolidated basis; (iii) upon the Borrower's or any Subsidiary's receipt of any notice of any material violation of any Environmental Laws Law or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state, provincial, territorial or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) the Borrower's, any Subsidiary's or any Person's operation of the Real EstateProperty, (B) contamination on, from from, or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which the Borrower, any Borrower Subsidiary, or any of its predecessors is are alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, and with respect to which violation or Release in any such case the liability associated therewith could be reasonably be expected to have a Material Adverse Effectexceed $25,000,000; or or (iv) upon the Borrower's or any Subsidiary's obtaining knowledge that any material expense or loss which individually or in the aggregate exceeds $25,000,000 has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which the Borrower or any Borrower could reasonably Subsidiary may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders Banks with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ ' receipt of any written notice (whether formal or informal) of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders Banks in writing of any of the following events: (i) upon any Borrower obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s operations 's operations, which violation could reasonably be expected to result in liability in excess of $15,000,000have a material adverse effect on the Real Property or on such Borrower's operations; (ii) upon any Borrower obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it any Borrower reports in writing or is reportable by it in writing to any Governmental Authority governmental authority and which is material in amount or nature or which could reasonably be expected to result in liability in excess materially affect the value of $15,000,000the Real Property; (iii) upon any Borrower's receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower's or any Person's operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Real Property or on any Borrower's operations; or (iv) upon any Borrower obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers Borrower will provide the Lenders with written notice as to any material cancellation or material change in any insurance of the Borrowers Borrower or any of its Material Subsidiaries within ten (10) Business Days after the Borrowers’ Borrower’s or such Subsidiary’s receipt of any written notice of such cancellation or change by any of their insurers. (b) The Borrowers Borrower will promptly notify the Lenders in writing of any of the following events: (i) upon obtaining knowledge of any violation of any Environmental Law regarding the Real Estate or any the Borrower’s or any of its Subsidiaries’ operations which could would reasonably be expected to result in liability in excess of $15,000,000U.S. Dollar Equivalent of U.S.$50,000,000; (ii) upon obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials at, from, or into the Real Estate which it reports that triggers a legal obligation to report the Release or is reportable in writing threat of Release to any Governmental Authority which could would reasonably be expected to result in liability in excess of $15,000,000U.S. Dollar Equivalent of U.S.$50,000,000; (iii) upon receipt of any notice of violation of any Environmental Laws or of any Release or threatened threat of Release of Hazardous Materials, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authority) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) operation of the Real Estate, (B) contamination on, from or into the Real Estate, or (C) investigation or remediation of offsite locations at which the Borrower, any Borrower of its Subsidiaries or any of its predecessors is alleged to have directly or indirectly disposed of Hazardous Materials, which violation or Release in any such case could would reasonably be expected to have a Material Adverse Effect; or (iv) upon obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials with respect to which the Borrower or any Borrower could of its Subsidiaries would reasonably be expected to have liability in excess of $15,000,000 U.S. Dollar Equivalent of U.S.$50,000,000 or for which a Lien for a like amount could reasonably be expected to be imposed on the Real Estate.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders Banks with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ receipt of any written notice (whether formal or informal) of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders Banks in writing of any of the following events: (i) upon any Borrower obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s operations operations, which violation could reasonably be expected to result in liability in excess of $15,000,000; have a material adverse effect on the Real Property or on such Borrower’s operations; (ii) upon any Borrower obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it any Borrower reports in writing or is reportable by it in writing to any Governmental Authority governmental authority and which is material in amount or nature or which could reasonably be expected to result in liability in excess materially affect the value of $15,000,000; the Real Property; (iii) upon any Borrower’s receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower’s or any Person’s operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Real Property or on any Borrower’s operations; or or (iv) upon any Borrower obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ ' receipt of any written notice (whether formal or informal) of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders in writing of any of the following events: (i) upon any Borrower obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s 's operations, which violation could have a material adverse effect on the Borrowers' operations which could reasonably be expected to result in liability in excess of $15,000,000taken as a whole; (ii) upon any Borrower obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it any Borrower reports in writing or is reportable by it in writing to any Governmental Authority governmental authority and which could reasonably be expected to result in liability in excess of $15,000,000have a material adverse effect on the Borrowers' operations taken as a whole; (iii) upon any Borrower's receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state, or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower's or any Person's operation of the Real EstateProperty, (B) contamination the presence of Hazardous Substances or the Release of Hazardous Substances on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Borrowers' operations taken as a whole; or (iv) upon any Borrower obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ ' receipt of any written notice (whether formal or informal) of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders in writing of any of the following events: (i) upon any Borrower obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s 's operations, which violation could have a materially adverse effect on the Borrowers' operations which could reasonably be expected to result in liability in excess of $15,000,000taken as a whole; (ii) upon any Borrower obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it any Borrower reports in writing or is reportable by it in writing to any Governmental Authority governmental authority and which is material in amount or nature or which could reasonably be expected to result in liability in excess materially affect the value of $15,000,000the Real Property; (iii) upon any Borrower's receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower's or any Person's operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Real Property or on any Borrower's operations; or (iv) upon any Borrower obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders Banks with written notice as to any material cancellation or material change in any insurance of any of the Borrowers within ten (10) Business Days after the Borrowers’ such Borrower's receipt of any written notice (whether formal or informal) of such cancellation or change by any of their its insurers. (b) The Borrowers will promptly notify the Lenders Banks in writing of any of the following events: (i) upon any Borrower's obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s 's operations which violation could reasonably be expected to result in liability in excess of $15,000,000have a material adverse effect on the Real Property or on any Borrower's operations; (ii) upon any Borrower's obtaining knowledge of any potential or known Release Release, or threat of Release Release, of any Hazardous Materials Substance at, from, or into the Real Estate Property which it reports in writing or is reportable by it in writing to any Governmental Authority governmental authority and which is material in amount or nature or which could reasonably be expected to result in liability in excess materially affect the value of $15,000,000the Real Property; (iii) upon any Borrower's receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower's, or any Person's operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower Borrower, or any of its their predecessors is are alleged to have directly or indirectly disposed Disposed of Hazardous Materials, which violation or Release in any such case could reasonably be expected to have a Material Adverse EffectSubstances; or (iv) upon any Borrower's obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real Property; or (v) any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights with respect to the Collateral, are subject.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders Banks with written notice as to any material cancellation or material change in any insurance of any of the Borrowers within ten (10) Business Days after the Borrowers’ such Borrower's receipt of any written notice (whether formal or informal) of such cancellation or change by any of their its insurers. (b) The Borrowers will promptly notify the Lenders Banks in writing of any of the following events: (i) upon any Borrower obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s operations 's operations, which violation could reasonably be expected to result in liability in excess of $15,000,000have a material adverse effect on the Real Property or on any Borrower's operations; (ii) upon any Borrower obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it reports in writing or is reportable by it in writing to any Governmental Authority governmental authority and which is material in amount or nature or which could reasonably be expected to result in liability in excess materially affect the value of $15,000,000the Real Property; (iii) upon any Borrower's receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower's, or any Person's operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower Borrower, or any of its their predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous Materials, which violation or Release in any such case could reasonably be expected to have a Material Adverse EffectSubstances; or (iv) upon any Borrower obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ ' receipt of any written notice (whether formal or informal) of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders in writing of any of the following events: (i) upon obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s operations 's operations, which violation could reasonably be expected to result in liability in excess of $15,000,000have a Material Adverse Effect; (ii) upon obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it reports or is reportable in writing to any Governmental Authority governmental authority and which could reasonably be expected to result is material in liability in excess of $15,000,000amount or nature; (iii) upon receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effect; or (iv) upon obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers Borrower will provide the Lenders Banks with written notice as to any material cancellation or material adverse change in any insurance of the Borrowers Borrower or any of its Material Subsidiaries within ten (10) Business Days after the Borrowers’ Borrower's or any of 57 -51- its Material Subsidiary's receipt of any written notice (whether formal or informal) of such material cancellation or material change by any of their its insurers. (b) The Borrowers Borrower will promptly promptly, and in any event within ten (10) Business Days of the Borrower's obtaining knowledge thereof, notify the Lenders Banks in writing of any of the following events: (i) upon the Borrower's or any Material Subsidiary's obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or the Borrower's or any Borrower’s Subsidiary's operations which violation could reasonably be expected to result in liability in excess of $15,000,000; have a Material Adverse Effect; (ii) upon the Borrower's or any Material Subsidiary's obtaining knowledge of any potential or known Release Release, or threat of Release Release, of any Hazardous Materials Substance at, from, or into the Real Estate which it reports or is reportable in writing to any Governmental Authority Property which could reasonably be expected to result in liability in excess of $15,000,000; have a Material Adverse Effect; (iii) upon the Borrower's or any Material Subsidiary's receipt of any notice of any material violation of any Environmental Laws Law or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state, provincial, territorial or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) the Borrower's, any Material Subsidiary's or any Person's operation of the Real EstateProperty, (B) contamination on, from from, or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which the Borrower, any Borrower Material Subsidiary, or any of its predecessors is are alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, and with respect to which violation the asserted, demanded or Release in any such case could reasonably be expected to have a Material Adverse Effectalleged liability associated therewith exceeds $35,000,000; or or (iv) upon the Borrower's or any Material Subsidiary's obtaining knowledge that any material expense or loss which individually or in the aggregate exceeds $35,000,000 has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which the Borrower or any Borrower could reasonably Material Subsidiary has been alleged to be expected to have liability in excess of $15,000,000 liable by such governmental authority or for which a Lien for a like amount could reasonably be expected to may be imposed on the Real EstateProperty by such governmental authority.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers Borrower will provide the Lenders Banks with written notice as to any material cancellation or material adverse change in any insurance of the Borrowers Borrower or any of its Subsidiaries within ten (10) Business Days after the Borrowers’ Borrower's or any of its Subsidiary's receipt of any written notice (whether formal or informal) of such material cancellation or material change by any of their its insurers. (b) The Borrowers Borrower will promptly promptly, and in any event within ten (10) Business Days of the Borrower's obtaining knowledge thereof, notify the Lenders Banks in writing of any of the following events: (i) upon the Borrower's or any Subsidiary's obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or the Borrower's or any Borrower’s Subsidiary's operations which violation could reasonably be expected to result in liability in excess have a material adverse effect on the business, financial condition, or assets of $15,000,000; the Borrower and its Subsidiaries on a consolidated basis; (ii) upon the Borrower's or any Subsidiary's obtaining knowledge of any potential or known Release Release, or threat of Release Release, of any Hazardous Materials Substance at, from, or into the Real Estate which it reports or is reportable in writing to any Governmental Authority Property which could reasonably be expected to result in liability in excess materially affect the business, financial condition, or assets of $15,000,000; the Borrower and its Subsidiaries on a consolidated basis; (iii) upon the Borrower's or any Subsidiary's receipt of any notice of any material violation of any Environmental Laws Law or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state, provincial, territorial or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) the Borrower's, any Subsidiary's or any Person's operation of the Real EstateProperty, (B) contamination on, from from, or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which the Borrower, any Borrower Subsidiary, or any of its predecessors is are alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, and with respect to which violation or Release in any such case the liability associated therewith could be reasonably be expected to have a Material Adverse Effectexceed $30,000,000; or or (iv) upon the Borrower's or any Subsidiary's obtaining knowledge that any material expense or loss which individually or in the aggregate exceeds $30,000,000 has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which the Borrower or any Borrower could reasonably Subsidiary may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders Banks with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ ' receipt of any written notice (whether formal or informal) of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders Banks in writing of any of the following events: : (i) upon any Borrower obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s operations 's operations, which violation could reasonably be expected to result in liability in excess of $15,000,000have a material adverse effect on the Real Property or on such Borrower's operations; (ii) upon any Borrower obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it any Borrower reports in writing or is reportable by it in writing to any Governmental Authority governmental authority and which is material in amount or nature or which could reasonably be expected to result in liability in excess materially affect the value of $15,000,000the Real Property; (iii) upon any Borrower's receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower's or any Person's operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Real Property or on any Borrower's operations; or (iv) upon any Borrower obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders Banks with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ ' receipt of any written notice (whether formal or informal) of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders Banks in writing of any of the following events: (i) upon any Borrower obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s 's operations, which violation could have a materially adverse effect on the Borrowers' operations which could reasonably be expected to result in liability in excess of $15,000,000taken as a whole; (ii) upon any Borrower obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it any Borrower reports in writing or is reportable by it in writing to any Governmental Authority governmental authority and which is material in amount or nature or which could reasonably be expected to result in liability in excess materially affect the value of $15,000,000the Real Property; (iii) upon any Borrower's receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower's or any Person's operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Real Property or on any Borrower's operations; or (iv) upon any Borrower obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers Borrower will provide the Lenders with written notice as to any material cancellation or material change in any insurance of the Borrowers Borrower or any of its Material Subsidiaries within ten (10) Business Days after the Borrowers’ Borrower’s or such Subsidiary’s receipt of any written notice of such cancellation or change by any of their insurers. (b) The Borrowers Borrower will promptly notify the Lenders in writing of any of the following events: (i) upon obtaining knowledge of any violation of any Environmental Law regarding the Real Estate or any the Borrower’s or any of its Subsidiaries’ operations which could would reasonably be expected to result in liability in excess of $15,000,000U.S. Dollar Equivalent of U.S.$35,000,000; (ii) upon obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials at, from, or into the Real Estate which it reports that triggers a legal obligation to report the Release or is reportable in writing threat of Release to any Governmental Authority which could would reasonably be expected to result in liability in excess of $15,000,000U.S. Dollar Equivalent of U.S.$35,000,000; (iii) upon receipt of any notice of violation of any Environmental Laws or of any Release or threatened threat of Release of Hazardous Materials, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authority) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) operation of the Real Estate, (B) contamination on, from or into the Real Estate, or (C) investigation or remediation of offsite locations at which the Borrower, any Borrower of its Subsidiaries or any of its predecessors is alleged to have directly or indirectly disposed of Hazardous Materials, which violation or Release in any such case could would reasonably be expected to have a Material Adverse Effect; or (iv) upon obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials with respect to which the Borrower or any Borrower could of its Subsidiaries would reasonably be expected to have liability in excess of $15,000,000 U.S. Dollar Equivalent of U.S.$35,000,000 or for which a Lien for a like amount could reasonably be expected to be imposed on the Real Estate.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers Borrower will provide the Lenders with written notice as to any material cancellation or material change in any insurance of the Borrowers Borrower or any of its Material Subsidiaries within ten (10) Business Days after the Borrowers’ Borrower’s or such Subsidiary’s receipt of any written notice of such cancellation or change by any of their insurers. (b) The Borrowers Borrower will promptly notify the Lenders in writing of any of the following events: (i) upon obtaining knowledge of any violation of any Environmental Law regarding the Real Estate or any the Borrower’s or any of its Subsidiaries’ operations which could would reasonably be expected to result in liability in excess of U.S. Dollar Equivalent of $15,000,00050,000,000; (ii) upon obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials at, from, or into the Real Estate which it reports that triggers a legal obligation to report the Release or is reportable in writing threat of Release to any Governmental Authority which could would reasonably be expected to result in liability in excess of U.S. Dollar Equivalent of $15,000,00050,000,000; (iii) upon receipt of any notice of violation of any Environmental Laws or of any Release or threatened threat of Release of Hazardous Materials, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authority) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) operation of the Real Estate, (B) contamination on, from or into the Real Estate, or (C) investigation or remediation of offsite locations at which the Borrower, any Borrower of its Subsidiaries or any of its predecessors is alleged to have directly or indirectly disposed of Hazardous Materials, which violation or Release in any such case could would reasonably be expected to have a Material Adverse Effect; or (iv) upon obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials with respect to which the Borrower or any Borrower could of its Subsidiaries would reasonably be expected to have liability in excess of U.S. Dollar Equivalent of $15,000,000 50,000,000 or for which a Lien for a like amount could reasonably be expected to be imposed on the Real Estate.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders Banks with written notice as to any material cancellation or material adverse change in any insurance of any of the Borrowers within ten (10) Business Days after the Borrowers’ such Borrower's receipt of any written notice (whether formal or informal) of such material cancellation or material change by any of their its insurers. (b) The Borrowers will promptly notify the Lenders Banks in writing of any of the following events: (i) upon any Borrower's obtaining knowledge of any violation of any Environmental Law regarding which violation could have a material adverse effect on the Real Estate business, financial condition, or any Borrower’s operations which could reasonably be expected to result in liability in excess assets of $15,000,000; the Borrowers on a consolidated basis; (ii) upon any Borrower's obtaining knowledge of any potential or known Release Release, or threat of Release Release, of any Hazardous Materials Substance at, from, or into the Real Estate which it reports or is reportable in writing to any Governmental Authority Property which could reasonably be expected to result in liability in excess materially affect the business, financial condition, or assets of $15,000,000; the Borrowers on a consolidated basis; (iii) upon any Borrower's receipt of any notice of any material violation of any Environmental Laws Law or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state, provincial, territorial or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower's or any Person's operation of the Real EstateProperty, (B) contamination the presence or Release of Hazardous Substances on, from from, or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is are alleged to have directly or indirectly disposed of Released Hazardous MaterialsSubstances, and with respect to which violation or Release in any such case the liability associated therewith could be reasonably be expected to have a Material Adverse Effectexceed $1,000,000; or or (iv) upon any Borrower's obtaining knowledge that any material expense or loss which individually or in the aggregate exceeds $1,000,000 has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ receipt of any written notice (whether formal or informal) of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders in writing of any of the following events: (i) upon obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s operations operations, which violation could reasonably be expected to result in liability in excess of $15,000,000; have a Material Adverse Effect; (ii) upon obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it reports or is reportable in writing to any Governmental Authority governmental authority and which could reasonably be expected to result is material in liability in excess of $15,000,000amount or nature; (iii) upon receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effect; or (iv) upon obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers Company will provide the Lenders Banks with written notice as to any material cancellation or material adverse change in any insurance of the Borrowers Company or any of its Subsidiaries within ten (10) Business Days after the Borrowers’ Company's or any of its Subsidiary's receipt of any written notice (whether formal or informal) of such material cancellation or material change by any of their its insurers. (b) The Borrowers will promptly notify the Lenders in writing of any of the following events: (i) upon the Company's or any Subsidiary's obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or the Company's or any Borrower’s Subsidiary's operations which violation could reasonably be expected to result in liability in excess have a material adverse effect on the business, financial condition, or assets of $15,000,000; the Company and its Subsidiaries on a consolidated basis; (ii) upon the Company's or any Subsidiary's obtaining knowledge of any potential or known Release Release, or threat of Release Release, of any Hazardous Materials Substance at, from, or into the Real Estate which it reports or is reportable in writing to any Governmental Authority Property which could reasonably be expected to result in liability in excess materially affect the business, financial condition, or assets of $15,000,000; the Company and its Subsidiaries on a consolidated basis; (iii) upon the Company's or any Subsidiary's receipt of any notice of any material violation of any Environmental Laws Law or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state, provincial, territorial or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) the Company's, any Subsidiary's or any Person's operation of the Real EstateProperty, (B) contamination on, from from, or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which the Company, any Borrower Subsidiary, or any of its predecessors is are alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, and with respect to which violation or Release in any such case the liability associated therewith could be reasonably be expected to have a Material Adverse Effectexceed $10,000,000; or or (iv) upon the Company's or any Subsidiary's obtaining knowledge that any material expense or loss which individually or in the aggregate exceeds $10,000,000 has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which the Company or any Borrower could reasonably Subsidiary may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders and the Agents with written notice as to any material cancellation or material adverse change in any insurance of any of the Borrowers within ten (10) Business Days after the Borrowers’ such Borrower’s receipt of any written notice (whether formal or informal) of such material cancellation or material change by any of their its insurers. (b) The Borrowers will promptly notify the Lenders and the Agents in writing of any of the following events: (i) upon any Borrower’s obtaining knowledge of any violation of any Environmental Law regarding the Real Estate or any Borrower’s operations which violation could reasonably be expected to result in liability in excess of $15,000,000; have a Material Adverse Effect; (ii) upon any Borrower’s obtaining knowledge of any potential or known Release Release, or threat of Release Release, of any Hazardous Materials at, from, or into the Real Estate which it reports or is reportable in writing to any Governmental Authority Property which could reasonably be expected to result in liability in excess of $15,000,000; have a Material Adverse Effect; (iii) upon any Borrower’s receipt of any notice of any material violation of any Environmental Laws Law or of any Release or threatened Release of Hazardous Materials, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state, provincial, territorial or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower’s or any Person’s operation of the Real EstateProperty, (B) contamination the presence or Release of Hazardous Materials on, from from, or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is are alleged to have directly or indirectly disposed of Released Hazardous MaterialsSubstances, and, in each case, with respect to which violation or Release in any such case the liability associated therewith could be reasonably be expected to have a Material Adverse Effectexceed the Threshold Amount; or or (iv) upon any Borrower’s obtaining knowledge that any material expense or loss which individually or in the aggregate exceeds the Threshold Amount has been incurred by such Governmental Authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders Banks with written notice as to any material cancellation or material change in any insurance of the Borrowers within ten (10) Business Days after the Borrowers’ ' receipt of any written notice (whether formal or informal) of such cancellation or change by any of their insurers. (b) The Borrowers will promptly notify the Lenders Banks in writing of any of the following events: (i) upon any Borrower obtaining knowledge of any violation of any Environmental Law regarding the Real Estate Property or any Borrower’s operations 's operations, which violation could reasonably be expected to result in liability in excess of $15,000,000; have a material adverse effect on the Real Property or on such Borrower's operations; (ii) upon any Borrower obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials Substance at, from, or into the Real Estate Property which it any Borrower reports in writing or is reportable by it in writing to any Governmental Authority governmental authority and which is material in amount or nature or which could reasonably be expected to result in liability in excess materially affect the value of $15,000,000; the Real Property; (iii) upon any Borrower's receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower's or any Person's operation of the Real EstateProperty, (B) contamination on, from or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is alleged to have directly or indirectly disposed Disposed of Hazardous MaterialsSubstances, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Real Property or on any Borrower's operations; or or (iv) upon any Borrower obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers will provide the Lenders and the Agents with written notice as to any material cancellation or material adverse change in any insurance of any of the Borrowers within ten (10) Business Days after the Borrowers’ such Borrower’s receipt of any written notice (whether formal or informal) of such material cancellation or material change by any of their its insurers. (b) The Borrowers will promptly notify the Lenders and the Agents in writing of any of the following events: (i) upon any Borrower’s obtaining knowledge of any violation of any Environmental Law regarding which violation could have a material adverse effect on the Real Estate business, financial condition, or any Borrower’s operations which could reasonably be expected to result in liability in excess assets of $15,000,000; the Borrowers on a consolidated basis; (ii) upon any Borrower’s obtaining knowledge of any potential or known Release Release, or threat of Release Release, of any Hazardous Materials Substance at, from, or into the Real Estate which it reports or is reportable in writing to any Governmental Authority Property which could reasonably be expected to result in liability in excess materially affect the business, financial condition, or assets of $15,000,000; the Borrowers on a consolidated basis; (iii) upon any Borrower’s receipt of any notice of any material violation of any Environmental Laws Law or of any Release or threatened Release of Hazardous MaterialsSubstances, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authorityfederal, state, provincial, territorial or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) any Borrower’s or any Person’s operation of the Real EstateProperty, (B) contamination the presence or Release of Hazardous Substances on, from from, or into the Real EstateProperty, or (C) investigation or remediation of offsite locations at which any Borrower or any of its predecessors is are alleged to have directly or indirectly disposed of Released Hazardous MaterialsSubstances, and with respect to which violation or Release in any such case the liability associated therewith could be reasonably be expected to have a Material Adverse Effectexceed $2,500,000; or or (iv) upon any Borrower’s obtaining knowledge that any material expense or loss which individually or in the aggregate exceeds $1,000,000 has been incurred by such Governmental Authority governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials Substances with respect to which any Borrower could reasonably may be expected to have liability in excess of $15,000,000 liable or for which a Lien for a like amount could reasonably be expected to lien may be imposed on the Real EstateProperty.

NOTICE OF CERTAIN EVENTS CONCERNING INSURANCE AND ENVIRONMENTAL CLAIMS. (a) The Borrowers Borrower will provide the Lenders with written notice as to any material cancellation or material change in any insurance of the Borrowers Borrower or any of its Material Subsidiaries within ten (10) Business Days after the Borrowers’ Borrower’s or such Subsidiary’s receipt of any written notice of such cancellation or change by any of their insurers. (b) The Borrowers Borrower will promptly notify the Lenders in writing of any of the following events: (i) upon obtaining knowledge of any violation of any Environmental Law regarding the Real Estate or any the Borrower’s or any of its Subsidiaries’ operations which could reasonably be expected to result in liability in excess of $15,000,000U.S. Dollar Equivalent of U.S.$35,000,000; (ii) upon obtaining knowledge of any potential or known Release or threat of Release of any Hazardous Materials at, from, or into the Real Estate which it reports or is reportable in writing to any Governmental Authority which could reasonably be expected to result in liability in excess of $15,000,000U.S. Dollar Equivalent of U.S.$35,000,000; (iii) upon receipt of any notice of violation of any Environmental Laws or of any Release or threatened Release of Hazardous Materials, including a notice or claim of liability or potential responsibility from any third party (including without limitation any Governmental Authority) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) operation of the Real Estate, (B) contamination on, from or into the Real Estate, or (C) investigation or remediation of offsite locations at which the Borrower, any Borrower of its Subsidiaries or any of its predecessors is alleged to have directly or indirectly disposed of Hazardous Materials, which violation or Release in any such case could reasonably be expected to have a Material Adverse Effect; or (iv) upon obtaining knowledge that any material expense or loss has been incurred by such Governmental Authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials with respect to which the Borrower or any Borrower of its Subsidiaries could reasonably be expected to have liability in excess of $15,000,000 U.S. Dollar Equivalent of U.S.$35,000,000 or for which a Lien for a like amount could reasonably be expected to be imposed on the Real Estate.