Common use of Use of Property and Facilities Clause in Contracts

Use of Property and Facilities. (i) Mortgagor will (a) use, handle, transport or store Hazardous Materials (as hereafter defined) as defined under any Environmental Law (as hereafter defined) and (b) store or treat nonhazardous wastes (1) in a good and prudent manner in the ordinary course of business, and (2) in compliance with all applicable Environmental Laws. (ii) Mortgagor will not conduct or allow to be conducted, in violation of any Environmental Law, any business, operations or activity on the Premises, or employ or use the Premises to generate, use, handle, manufacture, treat, store, process, transport or dispose of any Hazardous Materials, or any other substance which is prohibited, controlled or regulated under applicable law, or which poses a threat or nuisance to public safety, health or the environment or cause, or allow to be caused, a known or suspected release of Hazardous Materials, on, under or from the Premises. (iii) Mortgagor will not do or permit any act or thing, business or operation, that poses an unreasonable risk of harm, or impairs, or may impair the value of the Premises, or any part thereof.

Appears in 2 contracts

Samples: Mortgage and Security Agreement, Mortgage and Security Agreement

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Use of Property and Facilities. (i) Mortgagor Borrower will (a) use, handle, transport or store Hazardous Materials (as hereafter hereinafter defined) as defined under any Environmental Law (as hereafter hereinafter defined) and (b) store or treat nonhazardous wastes (1) in a good and prudent manner in the ordinary course of business, and (2) in compliance with all applicable Environmental Laws. (ii) Mortgagor Borrower will not conduct or allow to be conducted, in violation of any Environmental Law, any business, operations or activity on the Premises, or employ or use the Premises property to generate, use, handle, manufacture, treat, store, process, transport or dispose of any Hazardous Materials, or any other substance which is prohibited, controlled or regulated under applicable law, or which poses a threat or nuisance to public safety, health or the environment or cause, or allow to be caused, a known or suspected release of Hazardous Materials, on, under or from the PremisesPremises in violation of any Environmental Law. (iii) Mortgagor Borrower will not do or permit any act or thing, business or operation, that poses an unreasonable risk of harm, or impairs, or may substantially impair the value of the Premises, or any part thereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (American International Petroleum Corp /Nv/)

Use of Property and Facilities. (i) The Mortgagor will (a) use, handle, transport or store Hazardous Materials (as hereafter defined) as defined under any Environmental Law (as hereafter defined) and (b) store or treat nonhazardous wastes (1) in a good and prudent manner in the ordinary course of business, and (2) in compliance with all applicable Environmental Laws. (ii) The Mortgagor will not conduct or allow to be conducted, in violation of any Environmental Law, any business, operations or activity on the Premises, or employ or use the Premises property to generate, use, handle, manufacture, treat, store, process, transport or dispose of any Hazardous Materials, or any other substance which is prohibited, controlled or regulated under applicable law, or which poses a threat or nuisance to public safety, health or the environment or cause, or allow to be caused, a known or suspected release of Hazardous Materials, on, under or from the Premises. (iii) The Mortgagor will not do or permit any act or thing, business or operation, that poses an unreasonable risk of harm, or impairs, or may impair the value of the Premises, or any part thereof.

Appears in 1 contract

Samples: Mortgage (Mercury Inc)

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Use of Property and Facilities. (i) Mortgagor will (aA) use, handle, transport or store Hazardous Materials (as hereafter defined) as defined under any Environmental Law (as hereafter defined) and (bB) store or treat nonhazardous wastes (1) in a good 11 MORTGAGE Page 11 -------------------------------------------------------------------------------- and prudent manner in the ordinary course of business, and (2) in compliance with all applicable Environmental Laws. (ii) Mortgagor will not conduct or allow to be conducted, in violation of any Environmental Law, any business, operations or activity on the PremisesProperty, or employ or use the Premises Property to generate, use, handle, manufacture, treat, store, process, transport or dispose of any Hazardous Materials, or any other substance which is prohibited, controlled or regulated under applicable law, or which poses a threat or nuisance to public safety, health or the environment or cause, or allow to be caused, a known or suspected release of Hazardous Materials, Materials on, under or from the PremisesProperty. (iii) Mortgagor will not do or permit any act or thing, business or operation, that poses an unreasonable risk of harm, or impairs, impairs or may impair the value of the PremisesProperty, or any part thereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Mercury Inc)

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