Hazardous Substance Condition definition

Hazardous Substance Condition means the occurrence or discovery of a condition involving the presence of, or a contamination by, a Hazardous Substance as defined in Paragraph 6.2(a), in, on, or under the Premises.

Hazardous Substance Condition means the occurrence or discovery of a condition involving the presence of, or a contamination by, a Hazardous Substance, in, on, or under the Premises which requires restoration.

Hazardous Substance Condition means the occurrence or discovery of a condition involving the presence of, or a contamination by, a Hazardous Substance, in, on, or under the Premises which requires remediation.

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 Lessee'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 such notice of Lessor's intention to terminate this Lease, Lessee shall have the right within ten (10) days after the receipt of such notice to give written notice to Lessor of Lessee's commitment to pay for the excess costs of (a) investigation and remediation of such Hazardous Substance Condition to the extent required by Applicable Requirements, over (b) an amount equal to twelve (12) times the then monthly Base Rent or $100,000, whichever is greater.

• In the event Lessor elects to give a termination notice, Lessee may, within ten (10) days thereafter, give written notice to Lessor of Lessee's commitment to pay the amount by which the cost of the remediation of such Hazardous Substance Condition exceeds an amount equal to twelve (12) times the then monthly Base Rent or $100,000, whichever is greater.

• In the event Lessor elects to give such notice of Lessor's intention to terminate this Lease, Lessee shall have the right within ten (10) days after the receipt of such notice to give written notice to Lessor of Lessee's commitment to pay for the investigation and remediation of such Hazardous Substance Condition totally at Lessee's expense and without reimbursement from Lessor except to the extent of an amount equal to twelve (12) times the then monthly Base Rent or $100,000, whichever is greater.

• 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 Lessee’s use of the Premises is impaired, but not to exceed the proceeds received from the Rental Value insurance.

More Definitions of Hazardous Substance Condition

Hazardous Substance Condition means the occurrence or discovery of a condition involving the presence of or a contamination by, a Hazardous Substance as defined in Paragraph 6.2(a), in, on, or under the Premises.

Hazardous Substance Condition means the existence on or under, said Property of a hazardous substance that requires remediation and / or removal and / or to be otherwise mitigated pursuant to applicable law.

Hazardous Substance Condition means the occurrence or discovery of a condition involving the presence of, or a contamination by, a Hazardous Substance in, on, under or about the Premises, as part of the Improvements or in the indoor environment of the Building. Tenant shall indemnify, defend and hold Landlord harmless from and against any and all claims, judgments, damages, penalties, fines, costs, liabilities or losses (including, without limitation, sums paid in settlement of claims, attorneys' fees, consultant fees and expert fees) (collectively, "Claims") which arise on or after the date that possession of the Premises is delivered to Tenant, including at any time after the expiration of the Lease Term, from or in connection with Hazardous Substance Conditions which were caused by Tenant's operations during the Lease Term.

Hazardous Substance Condition means the occurrence or

Hazardous Substance Condition means the occurrence or discovery of a condition involving the presence of, or a contamination by, a

Hazardous Substance Condition shall m ean the occurrence or discovery of a condition involving the presence of, or a contam ination by, a Hazardous Substance as defined in Paragraph 6.2( a) , in, on, or under the Prem ises which requires repair, rem ediation, or restoration.

Hazardous Substance Condition means the existence on or under, said property of a hazardous substance that requires remediation and/or removal and/or to be otherwise mitigated pursuant to applicable law.