Material Claims definition
Examples of Material Claims in a sentence
Grantor shall not (a) take any remedial action in response to the presence of any Hazardous Materials in, on, under or about the Secured Property, or (b) enter into any settlement agreement, consent decree or other compromise in respect of any such Hazardous Materials or any Hazardous Material Claims.
The City shall have the right, but no obligation, to join and participate in, as a party if it so elects at the City’s cost, any legal proceedings or actions initiated in connection with any Hazardous Material Claims.
For the avoidance of doubt, if Purchaser delivers a Claim Notice to Sellers for any Material Claims in accordance with the first sentence of this Section 10.4(d), then there shall be no disbursement to Sellers of the Twelve Month Holdback Amount.
The Landlord shall have the right, but no obligation, to join and participate in, as a party if it so elects at the Landlord’s cost, any legal proceedings or actions initiated in connection with any Hazardous Material Claims.
B▇▇▇▇▇▇▇ will promptly inform L▇▇▇▇▇ in writing of any future Material Claims threatened or instituted against Borrower.