Common use of Release of Hazardous Substances Clause in Contracts

Release of Hazardous Substances. Lessee shall give prompt notice to Lessor of any release of any Hazardous Substances on or at the Premises not in compliance with Environmental Laws that occur during the Term. Lessor shall immediately take all steps necessary to contain or remediate (or both) any such release and provide any governmental notifications required by Law. If Lessor believes at any time that Lessee is failing to contain or remediate in compliance with all applicable Laws (including Environmental Laws) any release arising from Lessee’s operation of the Relevant Assets or Additional Improvements or Lessee’s failure to comply with its obligations pursuant to this Lease, Lessor will provide reasonable notice to Lessee of such failure. If Lessee fails to take appropriate action to contain or remediate such a release or take other actions required under applicable Laws or this Lease within 30 days of Lessor’s reasonable notice, Lessor may, without further notice to Lessee, take such actions for Lessee’s account. Within 30 days following the date Lessor delivers to Lessee evidence of payment for those actions by Lessor reasonably necessary to contain or remediate a release or otherwise achieve compliance with applicable Laws or this Lease because of Lessee’s failure to do so, Lessee shall reimburse Lessor all amounts paid by Lessor on Lessee’s behalf.

Appears in 2 contracts

Samples: Lease and Access Agreement (Holly Energy Partners Lp), Lease and Access Agreement (HollyFrontier Corp)

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Release of Hazardous Substances. Lessee Lessees shall give prompt notice to Lessor of any release of any Hazardous Substances on or at the Premises not in compliance with Environmental Laws that occur during the Term. Lessor shall immediately take all steps necessary to contain or remediate (or both) any such release and provide any governmental notifications required by Law. If Lessor believes at any time that any Lessee is failing to contain or remediate in compliance with all applicable Laws (including Environmental Laws) any release arising from such Lessee’s operation of the Relevant Assets or Additional Improvements or such Lessee’s failure to comply with its obligations pursuant to this Lease, Lessor will provide reasonable notice to Lessee Lessees of such failure. If such Lessee fails to take appropriate action to contain or remediate such a release or take other actions required under applicable Laws or this Lease within 30 days of Lessor’s reasonable notice, Lessor may, without further notice to LesseeLessees, take such actions for such Lessee’s account. Within 30 days following the date Lessor delivers to Lessee Lessees evidence of payment for those actions by Lessor reasonably necessary to contain or remediate a release or otherwise achieve compliance with applicable Laws or this Lease because of any Lessee’s failure to do so, such Lessee shall reimburse Lessor all amounts paid by Lessor on such Lessee’s behalf.

Appears in 2 contracts

Samples: Lease and Access Agreement (Holly Corp), Lease and Access Agreement (Holly Energy Partners Lp)

Release of Hazardous Substances. During the Term, Lessee shall give prompt notice to promptly inform Lessor of any release of any Hazardous Substances on or at the Premises not in compliance or Shared Access Facilities that arises from Lessee’s operation of the Relevant Assets or Additional Improvements or Lessee’s failure to comply with Environmental Laws that occur during the Termits obligations pursuant to this Lease or Applicable Laws. Lessor Lessee shall immediately take all steps necessary to contain or remediate (or both) any such release and provide any governmental notifications required by Applicable Law. If Lessor believes at any time that Lessee is failing to contain or remediate in compliance with all applicable Applicable Laws (including Environmental Laws) any release arising from Lessee’s operation of the Relevant Assets or Additional Improvements or Lessee’s failure to comply with its obligations pursuant to this LeaseLease or Applicable Laws, Lessor will provide reasonable notice to Lessee of such failure; provided, however, that in the case of an emergency, no notice shall be required and Lessor may immediately take action for Lessee’s account. If Lessee fails to take appropriate action to contain or remediate such a release or take other actions required under applicable Applicable Laws or this Lease within 30 days of Lessor’s reasonable notice, Lessor may, but shall have no obligation to, without further notice to LesseeLessee and subject to the Ancillary Agreements, take such actions for Lessee’s account. Within 30 days following the date Lessor delivers to Lessee evidence of payment for those actions by Lessor reasonably necessary to contain or remediate a release or otherwise achieve compliance with applicable Applicable Laws or this Lease because of Lessee’s failure to do so, Lessee shall reimburse Lessor on demand all amounts paid by Lessor on Lessee’s behalfbehalf together with interest at the Post-Maturity Rate.

Appears in 1 contract

Samples: Financing Agreement (Delek Logistics Partners, LP)

Release of Hazardous Substances. Lessee shall give prompt notice to Lessor of any release of any Hazardous Substances on or at the Premises not in compliance with Environmental Laws that occur during the Term. Lessor shall immediately take all steps necessary to contain or remediate (or both) any such release and provide any governmental notifications required by Law. If Lessor believes at any time that Lessee is failing to contain or remediate in compliance with all applicable Laws (including Environmental Laws) any release arising from Lessee’s operation of the Relevant Assets or Additional Improvements or Lessee’s failure to comply with its obligations pursuant to this Lease, Lessor will provide reasonable notice to Lessee of such failure. If Lessee fails to take appropriate action to contain or remediate such a release or take other actions required under applicable Laws or this Lease within 30 days of Lessor’s reasonable notice, Lessor may, without further notice to Lessee, take such actions for Lessee’s account. Within 30 days following the date Lessor delivers to Lessee evidence of payment for those actions by Lessor reasonably necessary to contain or remediate a release or otherwise achieve compliance with applicable Laws or this Lease because of Lessee’s failure to do so, Lessee shall reimburse Lessor all amounts paid by Lessor on Lessee’s behalf.

Appears in 1 contract

Samples: Lease and Access Agreement (Holly Corp)

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Release of Hazardous Substances. During the Term, Lessee shall give prompt notice to promptly inform Lessor of any release of any Hazardous Substances on or at the Premises not in compliance or Shared Access Facilities that arises from Lessee’s operation of the Relevant Assets or Additional Improvements or Lessee’s failure to comply with Environmental Laws that occur during the Termits obligations pursuant to this Lease or Applicable Laws. Lessor Lessee shall immediately take all steps necessary to contain or remediate (or both) any such release and provide any governmental notifications required by Applicable Law. If Lessor believes at any time that Lessee is failing to contain or remediate in compliance with all applicable Applicable Laws (including Environmental Laws) any release arising from Lessee’s operation of the Relevant Assets or Additional Improvements or Lessee’s failure to comply with its obligations pursuant to this LeaseLease or Applicable Laws, Lessor will provide reasonable notice to Lessee of such failure; provided, however, that in the case of an emergency, no notice shall be required and Lessor may immediately take action for Lessee’s account. If Lessee fails to take appropriate action to contain or remediate such a а release or take other actions required under applicable Applicable Laws or this Lease within 30 days of Lessor’s reasonable notice, Lessor may, but shall have no obligation to, without further notice to LesseeLessee and subject to the Ancillary Agreements, take such actions for Lessee’s account. Within 30 days following the date Lessor delivers to Lessee evidence of payment for those actions by Lessor reasonably necessary to contain or remediate a а release or otherwise achieve compliance with applicable Applicable Laws or this Lease because of Lessee’s failure to do so, Lessee shall reimburse Lessor on demand all amounts paid by Lessor on Lessee’s behalfbehalf together with interest at the Post-Maturity Rate.

Appears in 1 contract

Samples: Lease and Access Agreement (Delek Logistics Partners, LP)

Release of Hazardous Substances. Lessee shall give prompt notice to Lessor of any release of any Hazardous Substances on or at the Premises not in compliance with Environmental Laws Premises, RDU Assets or Additional Improvements that occur during the Term. Lessor Lessee (at its sole cost and expense) shall immediately take all steps necessary to contain or remediate (or both) any such release and provide any governmental notifications required by Applicable Law. If Lessor believes at any time that Lessee is failing to contain or remediate in compliance with all applicable Applicable Laws (including Environmental Laws) any release arising from Lessee’s operation of the Relevant RDU Assets or Additional Improvements or Lessee’s failure to comply with its obligations pursuant to this Asset Lease, Lessor will provide reasonable notice to Lessee of such failure. If Lessee (at its sole cost and expense) fails to take appropriate action to contain or remediate such a release or take other actions required under applicable Applicable Laws or this Asset Lease within 30 days of Lessor’s reasonable notice, Lessor may, without further notice to Lessee, take such actions for Lessee’s account. Within 30 days following the date Lessor delivers to Lessee evidence of payment for those actions by Lessor reasonably necessary to contain or remediate a release or otherwise achieve compliance with applicable Applicable Laws or this Asset Lease because of Lessee’s failure to do so, Lessee shall reimburse Lessor all amounts paid by Lessor on Lessee’s behalf.

Appears in 1 contract

Samples: Asset Lease Agreement (HollyFrontier Corp)

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