Common use of O&M Plan Clause in Contracts

O&M Plan. Each Borrower that is the owner of a Property set forth on SCHEDULE 5.7 shall cause to be prepared and delivered to Lender an operations and maintenance program (the "O&M PLANS") with respect to suspected asbestos, asbestos-containing materials, and/or mold located in its Property as set forth in the applicable Environmental Reports. Each Borrower shall at all times implement and carry out the O&M Plan in accordance with its terms. Lender's requirement that the Borrowers develop and comply with the O&M Plan shall not be deemed to constitute a waiver or modification of any covenants or agreements of the Borrowers or Guarantor with respect to Hazardous Material or Environmental Laws as set forth in the Environmental Indemnity.

O&M Plan. Each Borrower that is the owner of a Property set forth on SCHEDULE 5.7 The applicable Borrowers shall cause to be prepared and delivered to Lender an operations and maintenance program programs (the "O&M PLANS") with respect to suspected asbestos, asbestos-containing materials, and/or mold located in its Property certain Properties as set forth on Schedule 6.6, which conditions were disclosed in the applicable Environmental ReportsReports for such Properties. Each applicable Borrower shall at all times implement and carry out the O&M Plan in accordance with its terms. Lender's requirement that the applicable Borrowers develop and comply with the O&M Plan shall not be deemed to constitute a waiver or modification of any covenants or agreements of the Borrowers or Guarantor with respect to Hazardous Material or Environmental Laws as set forth in the Environmental Indemnity.