Examples of Hazardous Material Condition in a sentence
In the case of a Hazardous Material Condition, Tenant shall have the right in addition to an abatement of the Rent, in circumstance where Landlord fails to remediate the Hazardous Material Condition that Landlord is responsible for within ninety (90) days to then terminate this Lease upon written notice to Landlord.
In the event of Premises Partial Damage, Premises Total Destruction or Hazardous Material Condition for which Tenant is not responsible under this Lease, the Rent payable by Tenant for the period required for the repair, remediation or restoration of such damage shall be abated in proportion to the degree to which Xxxxxx’s use of the Premises is impaired.
In the event Landlord elects to give a termination notice, Tenant may, within 10 days thereafter, give written notice to Landlord of Tenant's commitment to pay the amount by which the cost of the remediation of such Hazardous Material Condition exceeds an amount equal to 12 times the then monthly Base Rent or $100,000, whichever is less.
All other obligations of Tenant hereunder shall be performed by Xxxxxx, and Landlord shall have no liability for any such damage, destruction, Hazardous Material Condition, remediation, repair or restoration except as provided herein.
In addition to Sections 9.1, 9.2, 9.3, 9.4, 9.5, 9.6 & 9.7, if a Hazardous Material Condition occurs, unless Lessee is legally responsible therefor (in which case Lessee shall make the investigation and remediation thereof required by Applicable Law and this Lease shall continue in full force and effect, but subject to Lessor's rights under Paragraph 13).
Except as may be set forth in any of the Documents identified on Exhibit B in Seller’s possession or control, Seller has no knowledge of any Hazardous Material Condition in violation of any Environmental Laws affecting the Property.
The cost of any such inspections shall be paid by LANDLORD, unless a violation of Applicable Requirements, or a Hazardous Material Condition (see paragraph 9.1) is found to exist or be imminent, or the inspection is requested or ordered by a governmental authority.
In the event Landlord elects to give a termination notice, Tenant may, within 10 days thereafter, give written notice to Landlord of Tenant’s commitment to pay the amount by which the cost of the remediation of such Hazardous Material Condition exceeds $2,000,000.00.
In the event of Premises Partial Damage or Premises Total Destruction or a Hazardous Material Condition for which TENANT is not responsible under this Lease, the Rent payable by TENANT for the period required for the repair, remediation or restoration of such damage shall be abated in proportion to the degree to which TENANT'S use of the Premises is impaired, but not to exceed the proceeds received by LANDLORD from the Rental Value insurance.
In the event Landlord elects to give a termination notice, Tenant may, within 10 days thereafter, give written notice to Landlord of Tenant's commitment to pay the amount by which Xxxxxxxx's portion of the cost of the remediation of such Hazardous Material Condition exceeds an amount equal to 12 times the then monthly Base Rent or $100,000, whichever is less.