Common use of Tenant's Obligations/Financial Assurances Clause in Contracts

Tenant's Obligations/Financial Assurances. If an Environmental Violation occurs or is found to exist, the Tenant is responsible for remedying the Environmental Violation and its clean up, including but not limited to all costs and expenses incident or related thereto. If in Landlord’s reasonable judgement, the cost of remediation and clean up is likely to exceed $5,000.00 Tenant shall provide to Landlord, within ten (10) days after Xxxxxxxx’s request therefor, adequate financial assurances that Tenant will effect such redemption in accordance with the applicable Environmental Laws. Such financial assurances shall be a bond or letter of credit reasonably satisfactory to Landlord in form and substance and in an amount equal to or greater than Landlord’s reasonable estimate of the anticipated cost of remedy and clean up.

Appears in 1 contract

Samples: Quantum Group Inc /Fl

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Tenant's Obligations/Financial Assurances. If an Environmental Violation occurs or is found to exist, the Tenant is responsible for remedying the Environmental Violation and its clean up, including but not limited to all aft costs and expenses incident or related thereto. If in Landlord’s 's reasonable judgementjudgment, the cost of remediation and clean up is likely to exceed $5,000.00 Tenant shall provide to Landlord, within ten (10) days after Xxxxxxxx’s request Landlord'x xxxxxxt therefor, adequate financial assurances that Tenant will effect such redemption remediation in accordance with the applicable Environmental Laws. Such financial assurances shall be a bond or letter of credit reasonably reasonable satisfactory to Landlord in form and substance and in an amount equal to or greater than Landlord’s reasonable estimate of the anticipated cost of remedy and clean up.and

Appears in 1 contract

Samples: Commercial Lease (Health Express Usa Inc)

Tenant's Obligations/Financial Assurances. If an Environmental Violation occurs or is found to exist, the Tenant is responsible for remedying the Environmental Violation and its clean up, including but not limited to all costs and expenses incident or related thereto. If in Landlord’s 's reasonable judgementjudgment, the cost of remediation and clean up is likely to exceed $5,000.00 Tenant shall provide to Landlord, within ten (10) days after Xxxxxxxx’s Landlord's request therefor, adequate axxxxxxx financial assurances that Tenant will effect such redemption remediation in accordance with the applicable Environmental Laws. Such financial assurances shall be a bond or letter of credit reasonably reasonable satisfactory to Landlord in form and substance and in an amount equal to or greater than Landlord’s 's reasonable estimate of the anticipated cost of remedy and clean up.

Appears in 1 contract

Samples: Sub Lease Agreement (Tactical Air Defense Services, Inc.)

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Tenant's Obligations/Financial Assurances. If an Environmental Violation occurs or is found to exist, the Tenant is responsible for remedying the Environmental Violation and its clean up, including but not limited to all costs and expenses incident or related thereto. If in Landlord’s 's reasonable judgementjudgment, the cost of remediation and clean up is likely to exceed $5,000.00 Tenant shall provide to Landlord, within ten (10) days after Xxxxxxxx’s Landlord's request therefor, adequate financial assurances that Tenant will effect such redemption remediation in accordance with the applicable Environmental Laws. Such financial assurances shall be a bond or letter of credit reasonably reasonable satisfactory to Landlord in form and substance and in an amount equal to or greater than Landlord’s 's reasonable estimate of the anticipated cost of remedy and clean up.

Appears in 1 contract

Samples: Sub Lease Agreement (Tactical Air Defense Services, Inc.)

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