Common use of Notice of Legal Actions Clause in Contracts

Notice of Legal Actions. Each party hereto shall, within five (5) Business Days of receipt thereof, give written notice to the other parties hereto of (i) any notice, advice or other communication from any Governmental Authority or any source whatsoever with respect to the presence or potential presence of Hazardous Substances on, from or affecting any Individual Property in violation of applicable Environmental Laws, and (ii) any legal action brought against such party or related to any Individual Property, with respect to which Indemnitors may have liability under this Agreement. Such notice shall comply with the provisions of Section 17 hereof. -13- Environmental Indemnity Agreement

Appears in 2 contracts

Samples: Environmental Indemnity Agreement (Hospitality Investors Trust, Inc.), Mezzanine Environmental Indemnity Agreement (Hospitality Investors Trust, Inc.)

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Notice of Legal Actions. Each party hereto shall, within five (5) Business Days of receipt thereof, give written notice to the other parties hereto of (i) any notice, advice or other communication from any Governmental Authority or any source whatsoever with respect to the presence or potential presence of Hazardous Substances on, from or affecting any Individual Property in violation of applicable Environmental Laws, and (ii) any legal action brought against such party or related to any Individual Property, with respect to which Indemnitors may have liability under this Agreement. Such notice shall comply with the provisions of Section 17 hereof. -13- 16 Environmental Indemnity AgreementAgreement (Mezzanine Loan)

Appears in 1 contract

Samples: Real Estate Sale Agreement (American Realty Capital Hospitality Trust, Inc.)

Notice of Legal Actions. Each party hereto shall, within five ten (510) Business Days ----------------------- business days of receipt thereof, give written notice to the other parties hereto of (i) any written notice, advice or other communication from any Governmental Authority or any source whatsoever with respect to the presence or potential presence of Hazardous Substances on, from or affecting any Individual Property of the Properties in violation of applicable Environmental LawsLaw, and (ii) any legal action Legal Action brought against such party or related to any Individual Propertyof the Properties, with respect to which Indemnitors may have liability under this Agreement. Such notice shall comply with the provisions of Section 17 hereof. -13- Environmental Indemnity Agreement.

Appears in 1 contract

Samples: Loan Agreement (Cabot Industrial Trust)

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Notice of Legal Actions. Each party hereto shall, within five (5) Business Days of receipt thereof, give written notice to the other parties hereto of (i) any notice, advice or other communication from any Governmental Authority or any source whatsoever with respect to the presence or potential presence of Hazardous Substances on, from or affecting any Individual Property in violation of applicable Environmental Laws, and (ii) any legal action brought against such party or related to any Individual Property, with respect to which Indemnitors may have liability under this Agreement. Such notice shall comply with the provisions of Section 17 hereof. -13- 17 Environmental Indemnity AgreementAgreement (Mezzanine Loan)

Appears in 1 contract

Samples: Real Estate Sale Agreement (W2007 Grace Acquisition I Inc)

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