Permitted Hazardous Substances definition

Permitted Hazardous Substances means (a) Hazardous Substances, petroleum and petroleum products which are (i) used in the ordinary course of business and in typical quantities for a hotel and (ii) generated, used and disposed of in accordance with all Legal Requirements and good hotel industry practice and (b) non‑friable asbestos to the extent (i) that no applicable Legal Requirements require removal of such asbestos from the Hotel Property and (ii) such asbestos is encapsulated in accordance with all applicable Legal Requirements and such reasonable operations and maintenance program as may be required by the Administrative Agent.

Permitted Hazardous Substances means Hazardous Substances used and reasonably required for the construction of the Construction Project or for the use and operation of the Property by NAI and its permitted subtenants and assigns for the purposes expressly permitted by subparagraph 2(A) of the Lease, in either case in strict compliance with all Environmental Laws and with due care given the nature of the Hazardous Substances involved. Without limiting the generality of the foregoing, Permitted Hazardous Substances will include usual and customary office and janitorial products.

Permitted Hazardous Substances means Hazardous Substances used and reasonably required for the construction of the Construction Project or for the use of the Property by NAI and its permitted subtenants and assigns for the purposes expressly permitted by subparagraph 2.

Examples of Permitted Hazardous Substances in a sentence

• Indemnitor covenants and agrees not to cause or permit the presence, use, generation, release, discharge, storage, disposal or transportation of any Hazardous Materials on, under, in, about, to or from any of the Properties except for Permitted Hazardous Substances.

• Except as set forth in the Environmental Reports, -------------- Indemnitor warrants and represents to the Banks that it has no knowledge of (a) the presence of any Hazardous Materials on any of the Properties except for Permitted Hazardous Substances; or (b) any material spills, releases, discharges or disposal of Hazardous Materials that have occurred or are presently occurring off any of the Properties as a result of any construction on or operation and use of any of the Properties.

• Indemnitor covenants and agrees not to cause or permit the -------- presence, use, generation, release, discharge, storage, disposal or transportation of any Hazardous Materials on, under, in, about, to or from any of the Properties except for Permitted Hazardous Substances.

• Tenant shall immediately notify Landlord should Tenant (a) become aware of the existence of any Hazardous Substance at the Project other than Permitted Hazardous Substances, (b) receive any notice of, or become aware of, any actual or alleged violation with respect to the Project of any Environmental Law, or (c) become aware of any lien or action with respect to any of the foregoing.

• Except as set forth in the Environmental Reports, Indemnitor warrants and represents to the Banks that it has no knowledge of (a) the presence of any Hazardous Materials on any of the Properties except for Permitted Hazardous Substances; or (b) any material spills, releases, discharges or disposal of Hazardous Materials that have occurred or are presently occurring off any of the Properties as a result of any construction on or operation and use of any of the Properties.

More Definitions of Permitted Hazardous Substances

Permitted Hazardous Substances means such Hazardous Substances as are commonly and legally used or stored as a consequence of using, maintaining or operating the Project, but only so long as the quantities thereof do not pose a threat to public health or to the environment or would necessitate a "response action" as that term is defined in CERCLA, and so long as Landlord strictly complies or causes compliance with all applicable governmental rules and regulations concerning the use, storage, production, transportation and disposal of such Hazardous Substances.

Permitted Hazardous Substances means Hazardous Substances used and reasonably required for Tenant's operation of the Leased Property for the purposes expressly permitted by subparagraph 7.

Permitted Hazardous Substances means (i) construction supplies; (ii) gardening supplies; (iii) gasoline, motor oil, or lubricants contained within vehicles or machinery operated on the Property or within the Project; (iv) general office supplies and products; (v) cleaning supplies and products; and (vi) other commonly used supplies and products, in each case to the extent the same are (1) used in a regular and customary manner and in the manner for which they were designed;(2) used, handled, stored, transported and disposed of in compliance with all applicable Environmental Laws, Legal Requirements and product labeling and handling instructions; (3) customarily used in the ordinary course of business by Developer (or, in the event the Parties proceed with the Transaction, any subtenant of Developer under the Ground Lease(s), as applicable); and (4) used, stored, transported, and handled in such amounts as is normal and prudent for the user's business conducted on the Project and Property.

Permitted Hazardous Substances means prepackaged office supplies, cleaning materials, personal grooming items and other items sold for consumer use or typically used in the operation, maintenance and repair of hotel properties and other commercial operations in the vicinity of the Mortgaged Property and heating oil for the Mortgaged Property and fuel for shuttle vans used in the operation of the Mortgaged Property, which are stored, handled, transported and disposed of in compliance with applicable Requirements of Environmental Law.

Permitted Hazardous Substances means prepackaged office supplies, cleaning materials, personal grooming items and other items sold for consumer use or typically used in the operation, maintenance and repair of properties and other commercial operations on or in the vicinity of the Mortgaged Property or in the ordinary course of any business operations on the Mortgaged Property and heating oil for the Mortgaged Property which are generated, stored, handled, transported and disposed of in compliance with applicable requirements of Environmental Law.

Permitted Hazardous Substances means (a) Hazardous Substances, petroleum and petroleum products which are (i) used in the ordinary course of business and in typical quantities for a hotel and (ii) generated, used and disposed of in accordance with all Legal Requirements and good hotel industry practice and (b) non ‑friable asbestos to the extent (i) that no applicable Legal Requirements require removal of such asbestos from the Hotel Property and (ii) such asbestos is encapsulated in accordance with all applicable Legal Requirements and such reasonable operations and maintenance program as may be required by the Administrative Agent.

Permitted Hazardous Substances means Hazardous Substances as are ordinarily necessary in the conduct of Tenant's business on the Premises pursuant to the Permitted Uses. Tenant may bring and use Permitted Hazardous Substances on the Premises, however, subject to the requirements and restrictions set forth in Section 10.4.