Common use of Agreement to Comply Clause in Contracts

Agreement to Comply. If any environmental contamination is found on the Mortgaged Property for which any removal or remedial action is required pursuant to Law, ordinance, order, rule, regulation or governmental action, Mortgagor agrees that it will at its sole cost and expense, take such removal or remedial action promptly and to Mortgagee's satisfaction.

Appears in 4 contracts

Samples: Mortgage and Security Agreement (Essex Hospitality Associates Iv Lp), Mortgage and Security Agreement (Vicon Industries Inc /Ny/), Mortgage and Security Agreement (Vicon Industries Inc /Ny/)

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Agreement to Comply. If any environmental contamination is found on the Mortgaged Property for which any removal or remedial action is required pursuant to Law, ordinance, order, rule, regulation or governmental action, Mortgagor the Company agrees that it will at its sole cost and expense, take such removal or remedial action promptly and to Mortgagee's satisfaction.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Mechanical Technology Inc)

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