Common use of Environmental Costs Clause in Contracts

Environmental Costs. If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to Section 17.1, each Lessee shall pay directly to any third party (or at Lessor's election, reimburse Lessor) for the cost of any environmental testing and/or remediation work undertaken respecting any Property with respect to which such Lessee has executed a Lease Supplement, as such testing or work is deemed appropriate in the reasonable judgment of Lessor, and shall indemnify and hold harmless Lessor and each other Indemnified Person therefrom. Each Lessee shall pay all amounts referenced in the immediately preceding sentence within ten (10) days of any request by Lessor for such payment. The provisions of this Section 17.7 shall not limit the obligations of any Lessee under any Operative Agreement regarding indemnification obligations, environmental testing, remediation and/or work.

Appears in 2 contracts

Samples: Lease Agreement (Dollar Tree Stores Inc), Lease Agreement (Performance Food Group Co)

AutoNDA by SimpleDocs

Environmental Costs. If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to Section 17.1, each Lessee shall pay directly to any third party (or at Lessor's election, reimburse Lessor) for the cost of any environmental testing and/or remediation work undertaken respecting any Property with respect (subject to which such Lessee has executed a Lease Supplementthe provisions of Section 15.2(b)), as such testing or work is deemed appropriate in the reasonable judgment of Lessor, and shall indemnify and hold harmless Lessor and each other Indemnified Person therefrom. Each Lessee shall pay all amounts referenced in the immediately preceding sentence within ten (10) days of any request by Lessor for such payment. The provisions of this Section 17.7 shall not limit the obligations of any Lessee under any Operative Agreement regarding indemnification obligations, environmental testing, remediation and/or work.

Appears in 1 contract

Samples: Master Lease Agreement (Veritas Software Corp /De/)

AutoNDA by SimpleDocs

Environmental Costs. If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to Section 17.1, each Lessee shall pay directly to any third party (or at Lessor's election, reimburse Lessor) for the cost of any environmental testing and/or remediation work undertaken respecting any Property with respect to which such Lessee has executed a Lease SupplementProperty, as such testing or work is deemed appropriate in the reasonable judgment of Lessor, and shall indemnify and hold harmless Lessor and each other Indemnified Person therefrom. Each Lessee shall pay all amounts referenced in the immediately preceding sentence within ten (10) days of any written request by Lessor for such paymentpayment accompanied by any invoice or xxxx pertaining thereto. The provisions of this Section 17.7 shall not limit the obligations of any Lessee under any Operative Agreement regarding indemnification obligations, environmental testing, remediation and/or work.

Appears in 1 contract

Samples: Credit Agreement (Correctional Services Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.