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 the Borrower or BPI, in material violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate 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 7 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 the Borrower or BPIthe Trust, in material violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless such non-compliance would constitute a Non-Material BreachLaws 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 the Borrower Borrower, any of the Subsidiary Guarantors or BPIthe Trust, in material violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless such non-compliance would constitute a Non-Material BreachLaws or to preserve the value of any applicable Eligible Borrowing Base Property.
Appears in 4 contracts
Samples: Secured Term Loan Agreement (First Potomac Realty Trust), 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 Asset owned directly or indirectly by if the Borrower or BPI, in material violation of applicable Environmental Lawssame would have a Material Adverse Effect, the Borrower will cause the prompt containment and removal of such Hazardous Substances Materials and remediation of such wholly-owned Mortgaged Property or Real Estate Asset as necessary to comply in all material respects with all applicable Environmental Laws, unless Laws or to preserve the value of such non-compliance would constitute a Non-Material BreachMortgaged 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 wholly-owned Real Estate Asset owned directly or indirectly by the Borrower or BPI, in material violation of applicable Environmental LawsAsset, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless Laws or to preserve the value of such nonwholly-compliance would constitute a Non-Material Breachowned Real Estate Asset.
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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 the Borrower or BPIthe Guarantor, in material violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless such non-compliance would constitute a Non-Material Breach.
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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 the Borrower or BPI, in material violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless such non-compliance would constitute a Non-Material Breach.
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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 Asset owned directly or indirectly by if the Borrower or BPI, in material violation of applicable Environmental Lawssame would have a Material Adverse Effect, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Unencumbered Property or Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless Laws or to preserve the value of such non-compliance would constitute Unencumbered Property or Real Estate to the extent necessary to avoid a Non-Material BreachAdverse 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 Real Estate Asset owned directly or indirectly by the Borrower or BPIthe Trust, in material violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless such non-compliance would constitute a Non-Material BreachLaws 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 Real Estate Asset owned directly or indirectly by the Borrower or BPIthe Trust, in material violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless such non-compliance would constitute a Non-Material BreachLaws 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 Mortgaged Property or any other Real Estate Asset owned directly or indirectly by if the Borrower or BPI, in material violation of applicable Environmental Lawssame would have a Material Adverse Effect, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Mortgaged Property or Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless Laws or to preserve the value of such non-compliance would constitute Mortgaged Property or Real Estate to the extent necessary to avoid a Non-Material BreachAdverse Effect. 7.17.
Appears in 1 contract
Samples: 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 Asset owned directly or indirectly by the Borrower or BPI, in material violation of applicable Environmental LawsAsset, the Borrower will cause the prompt containment and removal of such Hazardous Substances and remediation of such wholly-owned Real Estate Asset as necessary to comply in all material respects with all Environmental Laws, unless Laws or to preserve the value of such nonwholly-compliance would constitute a Non-Material Breachowned Real Estate Asset.
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