Examples of Hazardous Substance Condition in a sentence
In the event of Premises Partial Damage or Premises Total Destruction or a Hazardous Substance Condition for which Lessee is not responsible under this Lease, the Rent payable by Lessee 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, but not to exceed the proceeds received from the Rental Value insurance.
In the event Lessor elects to give a termination notice, Lessee may, within 10 days thereafter, give written notice to Lessor of Xxxxxx's commitment to pay the amount by which the cost of the remediation of such Hazardous Substance Condition exceeds an amount equal to 12 times the then monthly Base Rent or $100,000, whichever is greater.
The cost of any such inspections shall be paid by Lessor, unless a violation of Applicable Requirements, or a Hazardous Substance Condition (see Paragraph 9.1(e)) is found to exist or be imminent, or the inspection is requested or ordered by a governmental authority.