Common use of Response Actions Clause in Contracts

Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Materials shall occur or shall have occurred on, upon, into or from any Mortgaged Property, or on, upon, into or from any other Real Estate if the same would have a Material Adverse Effect, the Borrower will cause the prompt containment and removal of such Hazardous Materials and remediation of such Mortgaged Property or Real Estate as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of such Mortgaged Property.

Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Materials Substances shall occur or shall have occurred on, upon, into or from on any Mortgaged Property, Property or on, upon, into or from any other Real Estate if the same would have a Material Adverse EffectEstate, the Borrower will cause the prompt containment and removal of such Hazardous Materials Substances and remediation of such Mortgaged Property or Real Estate as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of such Mortgaged PropertyProperty or Real Estate.

Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Materials Substances shall occur or shall have occurred on, upon, into on any Unencumbered Property or from any Mortgaged Property, or on, upon, into or from any other Real Estate if the same would have a Material Adverse Effect, the Borrower will cause the prompt containment and removal of such Hazardous Materials Substances and remediation of such Mortgaged Unencumbered Property or Real Estate as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of such Mortgaged PropertyUnencumbered Property or Real Estate to the extent necessary to avoid a Material Adverse Effect.

Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Materials Substances shall occur or shall have occurred on, upon, into or from on any Mortgaged Property, or on, upon, into or from any other Real Estate if Asset owned directly or indirectly by the same would have a Material Adverse EffectBorrower or the Trust, in violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Materials Substances and remediation of such Mortgaged Property or Real Estate Asset as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of such Mortgaged any applicable Eligible Unencumbered Property.

Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Materials Substances shall occur or shall have occurred on, upon, into or from on any Mortgaged Property, or on, upon, into or from any other Real Estate if Asset owned directly or indirectly by the same would have a Material Adverse EffectBorrower or BXP, in material violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Materials Substances and remediation of such Mortgaged Property or wholly-owned Real Estate Asset as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of Laws, unless such Mortgaged Propertynon-compliance would constitute a Non-Material Breach.

Response Actions. The Borrower covenants and agrees that if any ---------------- Release or disposal of Hazardous Materials Substances shall occur or shall have occurred on, upon, into or from on any Mortgaged Property, or on, upon, into or from any other wholly-owned Real Estate if the same would have a Material Adverse EffectAsset, the Borrower will cause the prompt containment and removal of such Hazardous Materials Substances and remediation of such Mortgaged Property or wholly-owned Real Estate Asset as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of such Mortgaged Propertywholly-owned Real Estate Asset.

Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Materials Substances shall occur or shall have occurred on, upon, into or from on any Mortgaged Property, or on, upon, into or from any other wholly-owned Real Estate if the same would have a Material Adverse EffectAsset, the Borrower will cause the prompt containment and removal of such Hazardous Materials Substances and remediation of such Mortgaged Property or wholly-owned Real Estate Asset as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of such Mortgaged Propertywholly-owned Real Estate Asset.

Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Materials Substances shall occur or shall have occurred on, upon, into or from on any Mortgaged Property, Property or on, upon, into or from any other Real Estate if the same would have a Material Adverse Effect, the Borrower will cause the prompt containment and removal of such Hazardous Materials Substances and remediation of such Mortgaged Property or Real Estate as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of such Mortgaged PropertyProperty or Real Estate to the extent necessary to avoid a Material Adverse Effect.

Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Materials Substances shall occur or shall have occurred on, upon, into or from on any Mortgaged Property, or on, upon, into or from any other Real Estate if Asset owned directly or indirectly by the same would have a Material Adverse EffectBorrower or BPI, in material violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Materials Substances and remediation of such Mortgaged Property or wholly-owned Real Estate Asset as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of such Mortgaged PropertyLaws.

Response Actions. The Borrower covenants and agrees that if any Release or disposal of Hazardous Materials Substances shall occur or shall have occurred on, upon, into or from on any Mortgaged Property, or on, upon, into or from any other Real Estate if Asset owned directly or indirectly by the same would have a Material Adverse EffectBorrower or the Trust, in violation of applicable Environmental Laws, the Borrower will cause the prompt containment and removal of such Hazardous Materials Substances and remediation of such Mortgaged Property or wholly-owned Real Estate Asset as necessary to comply in all material respects with all applicable Environmental Laws or to preserve the value of such Mortgaged any applicable Collateral Property.