Environmental Indemnity Agreements definition
Examples of Environmental Indemnity Agreements in a sentence
To secure the prompt payment and performance to Agent and each Secured Party of the Obligations (other than any Obligations under Environmental Indemnity Agreements which by their terms are unsecured), each Credit Party hereby assigns, pledges and grants to Agent for its benefit and for the benefit of each Secured Party a continuing security interest in and to and Lien on all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located.
The Environmental Indemnity Agreements of even date herewith, signed by Borrower and the Owners in favor of Lender.
Borrower shall cause itself and any other parties required by Lender, as listed in Section 2.2(e), to execute and deliver Environmental Indemnity Agreements in favor of Lender relating to hazardous and toxic substances and environmental laws as the same may affect Borrower or the Premises, such agreements to be in form and content acceptable to Lender in its sole discretion.
Notwithstanding the foregoing, a default will not occur if Mortgagor mergers with, or is consolidated with, another entity provided the successor to Mortgagor shall have entered into and agreed to be bound by all of Mortgagor's obligations under the Loan Documents and the Environmental Indemnity Agreements.
This Credit Agreement, the Note, the Guaranties, the Letter of Credit Applications, the Letters of Credit, the Environmental Indemnity Agreements, the Security Documents and any document, agreement and/or instrument executed and/or delivered in connection therewith.