Environmental provision definition

Environmental provision means any written representation, warranty, indemnity, promise, or covenant relating to the existence, location, nature, use, generation, manufacture, storage, disposal, handling, or past, present, or future release or threatened release, of any hazardous substance into, onto, beneath, or from the real property security, or to past, present, or future compliance with any law relating thereto, made by a borrower in conjunction with the making, renewal, or modification of a loan, extension of credit, guaranty, or other obligation involving the borrower, whether or not the representation, warranty, indemnity, promise, or covenant is or was contained in or secured by the deed of trust or mortgage, and whether or not the deed of trust or mortgage has been discharged, reconveyed, or foreclosed upon.
Environmental provision has the meaning set forth in CCP Section 736(f)(2).
Environmental provision means any written representation,

Examples of Environmental provision in a sentence

  • Environmental provision is made for environmental remediation costs based on environmental contamination assessments made on delivery and storage sites.


More Definitions of Environmental provision

Environmental provision. The GRANTEE shall minimize pollution and shall strictly comply with all applicable environmental laws and regulations in the performance of this GRANT AGREEMENT. Post-completion responsibilities: The GRANTEE'S responsibilities under federal, state, and local statutes, regulations, and ordinances with respect to the site or other product of this grant continue beyond the GRANT AGREEMENT period. The term "site" means the properties and facilities, including any portion of them, acquired, rehabilitated, or developed under this GRANT AGREEMENT.
Environmental provision means any written representation, warranty, indemnity, promise, or covenant relating to the existence, location, nature, use, generation, manufacture, storage, disposal, handling, or past, present, or future release or threatened release, of any hazardous substance into, onto, beneath, or from the real property security, or to past, present, or future compliance with any law relating thereto, made by a borrower in conjunction with
Environmental provision means any written representation, warranty,