Common use of Environmental Response Clause in Contracts

Environmental Response. If Developer's Management of Hazardous Materials at the Development gives rise to liability or to an Environmental Claim under any Environmental Law, Developer shall promptly take all applicable action in Response to the extent required by law. City shall have the right, but not the obligation, after providing Developer with notice and a reasonable opportunity to cure, to enter onto the Development to perform any and all legally required Response action(s) to cause the Development to comply with Environmental Laws and to seek reimbursement for the cost of such Response from Developer, together with interest at the Default Rate from the date same was paid.

Appears in 1 contract

Sources: Development Agreement (Circus Circus Enterprises Inc)

Environmental Response. If Developer's Management of Hazardous ---------------------- Materials at the Development gives rise to liability or to an Environmental Claim under any Environmental Law, Developer shall promptly take all applicable action in Response to the extent required by law. City shall have the right, but not the obligation, after providing Developer with notice and a reasonable opportunity to cure, to enter onto the Development to perform any and all legally required Response action(s) to cause the Development to comply with Environmental Laws and to seek reimbursement for the cost of such Response from Developer, together with interest at the Default Rate from the date same was paid.

Appears in 1 contract

Sources: Development Agreement (MGM Grand Inc)

Environmental Response. If Developer's Developer s Management of Hazardous Materials at the Development gives rise to liability or to an Environmental Claim under any Environmental Law, Developer shall promptly take all applicable action in Response to the extent required by law. City shall have the right, but not the obligation, after providing Developer with notice and a reasonable opportunity to cure, to enter onto the Development to perform any and all legally required Response action(s) to cause the Development to comply with Environmental Laws and to seek reimbursement for the cost of such Response from Developer, together with interest at the Default Rate from the date same was paidLaws.

Appears in 1 contract

Sources: Development Agreement (Circus Circus Enterprises Inc)