Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate owned by it or any of its Subsidiaries, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Real Estate if necessary to comply with all Environmental Laws.
Appears in 11 contracts
Samples: Revolving Credit and Term Loan Agreement (Mack Cali Realty L P), Term Loan Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty L P)
Response Actions. The Each Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate owned by it or any of its Subsidiaries, the such Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Real Estate if as necessary to comply with all Environmental LawsLaws or to preserve the value of such Real Estate.
Appears in 8 contracts
Samples: Revolving Credit and Term Loan Agreement (Life Storage Lp), Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc), Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate Asset owned directly or indirectly by it the Borrower or any BPI, in material violation of its Subsidiariesapplicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate if Asset as necessary to comply in all material respects with all Environmental Laws, unless such non-compliance would constitute a Non-Material Breach.
Appears in 8 contracts
Samples: Credit Agreement (Boston Properties LTD Partnership), Credit Agreement (Boston Properties LTD Partnership), Credit Agreement (Boston Properties LTD Partnership)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate Asset owned directly or indirectly by it the Borrower or any the Trust, in violation of its Subsidiariesapplicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate if Asset as necessary to comply with all Environmental LawsLaws or to preserve the value of any applicable Eligible Unencumbered Property.
Appears in 5 contracts
Samples: Term Loan Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate Asset owned directly or indirectly by it or the Borrower, any of its Subsidiariesthe Subsidiary Guarantors or the Trust, in violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Real Estate if Asset as necessary to comply with all Environmental LawsLaws or to preserve the value of any applicable Eligible Borrowing Base Property.
Appears in 4 contracts
Samples: Senior Secured Term Loan Agreement (First Potomac Realty Trust), Senior Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances Materials shall occur or shall have occurred on on, upon, into or from any Mortgaged Property, or on, upon, into or from any other Real Estate owned by it or any of its Subsidiariesif the same would have a Material Adverse Effect, the Borrower will cause the prompt containment and removal of such Hazardous Substances Materials and remediation of such Mortgaged Property or Real Estate if as necessary to comply in all material respects with all applicable Environmental LawsLaws or to preserve the value of such Mortgaged Property.
Appears in 3 contracts
Samples: Credit Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate Asset owned directly or indirectly by it the Borrower or any BPI, in violation of its Subsidiariesapplicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate if Asset as necessary to comply with all Environmental Laws.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Boston Properties Inc), Credit Agreement (Boston Properties Inc), Revolving Credit Agreement (Boston Properties Inc)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate owned by it Mortgaged Property or any of its SubsidiariesReal Estate, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Mortgaged Property or Real Estate if as necessary to comply with all Environmental LawsLaws or to preserve the value of such Mortgaged Property or Real Estate.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Amerivest Properties Inc), Revolving Credit Loan Agreement (Koger Equity Inc), Term Loan Agreement (Amerivest Properties Inc)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate owned by it or any of its SubsidiariesEstate, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Real Estate if as necessary to comply with all Environmental LawsLaws or to preserve the value of such Real Estate.
Appears in 3 contracts
Samples: Unsecured Revolving Credit Agreement (Amerivest Properties Inc), Unsecured Revolving Credit Agreement (Amerivest Properties Inc), Revolving Credit Agreement (Amerivest Properties Inc)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate owned by it or any in violation of its Subsidiariesapplicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Real Estate if as necessary to comply with all Environmental Laws.
Appears in 1 contract
Samples: Revolving Credit Agreement (Bradley Real Estate Inc)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate Asset owned directly or indirectly by it the Borrower or any BPI, in material violation of its Subsidiariesapplicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate if Asset as necessary to comply in all material respects with all Environmental Laws.
Appears in 1 contract
Response Actions. The Borrower covenants and agrees that if any ---------------- Release or disposal of Hazardous Substances shall occur or shall have occurred on any wholly-owned Real Estate owned by it or any of its SubsidiariesAsset, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate if Asset as necessary to comply with all Environmental LawsLaws or to preserve the value of such wholly-owned Real Estate Asset.
Appears in 1 contract
Response Actions. The Each Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate owned by it or any of its Subsidiaries, the such Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Real Estate if necessary to comply with all Environmental Laws.
Appears in 1 contract
Samples: Revolving Credit Agreement (Cali Realty Corp /New/)
Response Actions. The Borrower covenants and agrees that ---------------- if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate Asset owned directly or indirectly by it the Borrower or any the Guarantor, in violation of its Subsidiariesapplicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate if Asset as necessary to comply with all Environmental Laws.
Appears in 1 contract
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate Asset owned directly or indirectly by it the Borrower or any the Trust, in violation of its Subsidiariesapplicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate if Asset as necessary to comply with all Environmental LawsLaws or to preserve the value of any applicable Collateral Property.
Appears in 1 contract
Samples: Revolving Credit Agreement (First Potomac Realty Trust)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Unencumbered Property or any other Real Estate owned by it or any of its Subsidiariesif the same would have a Material Adverse Effect, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Unencumbered Property or Real Estate if as necessary to comply with all Environmental LawsLaws or to preserve the value of such Unencumbered Property or Real Estate to the extent necessary to avoid a Material Adverse Effect.
Appears in 1 contract
Samples: Term Loan Agreement (Liberty Property Limited Partnership)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any wholly-owned Real Estate owned by it or any of its SubsidiariesAsset, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate if Asset as necessary to comply with all Environmental LawsLaws or to preserve the value of such wholly-owned Real Estate Asset.
Appears in 1 contract
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Real Estate Asset owned directly or indirectly by it the Borrower or any the Trust, in violation of its Subsidiariesapplicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Real Estate if Asset as necessary to comply with all Environmental LawsLaws or to preserve the value of any applicable Eligible Unencumbered Property.
Appears in 1 contract
Samples: Revolving Credit Agreement (Hartman Commercial Properties Reit)
Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Substances shall occur or shall have occurred on any Mortgaged Property or any other Real Estate owned by it or any of its Subsidiariesif the same would have a Material Adverse Effect, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such Mortgaged Property or Real Estate if as necessary to comply with all Environmental LawsLaws or to preserve the value of such Mortgaged Property or Real Estate to the extent necessary to avoid a Material Adverse Effect.
Appears in 1 contract
Samples: Loan Agreement (Liberty Property Limited Partnership)
