Common use of Compliance with Environmental Requirements Clause in Contracts

Compliance with Environmental Requirements. The Borrower warrants and represents to the Lender that to the best of Borrower's knowledge, the real property owned by Borrower is now and at all times hereafter will continue to be in full compliance with all federal, state and local environmental laws and regulations as they now exist or are hereafter enacted and/or amended, including, but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, the Resource Conservation and Recovery Act of 1976, as amended by the Used Oil Recycling Act of 1980, and the Hazardous and Solid Waste Amendments of 1984, as amended. The Borrower shall indemnify and hold the Lender harmless from and against any and all damages, penalties, fines, claims, liens, suits, liabilities, costs (including cleanup costs), judgments and expenses (including attorneys', consultants' or experts' fees and expenses) of every kind and nature suffered by or asserted against the Lender as a direct or indirect result of any warranty or representation made by the Borrower in this paragraph being false or untrue in any material respect or any requirement under any law, regulation or ordinance, whether local, state or federal, which requires the elimination or removal of any hazardous materials, substances, wastes or other environmentally regulated substances. The Borrower's obligations hereunder shall not be limited to any extent by the term of the indebtedness secured hereby, and, as to any act or occurrence prior to payment in full and satisfaction of the indebtedness which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding payment in full and satisfaction of the indebtedness.

Appears in 4 contracts

Samples: Credit Agreement (Transit Group Inc), Loan Agreement and Security Agreement (Transit Group Inc), Credit Agreement (Transit Group Inc)

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Compliance with Environmental Requirements. The Borrower warrants and represents to the Lender Agent and the Banks that to the best of Borrower's knowledge, the real property owned by Borrower Property described herein is now and at all times hereafter will continue to be in full compliance with all federal, state and local environmental laws and regulations as they now exist or are hereafter enacted and/or amended, including, but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, the Resource Conservation and Recovery Act of 1976, as amended by the Used Oil Recycling Act of 1980, and the Hazardous and Solid Waste Amendments of 1984, as amended. The Borrower Borrowers shall indemnify and hold the Lender Agent and the Banks harmless from and against any and all damages, penalties, fines, claims, liens, suits, liabilities, costs (including cleanup costs), judgments and expenses (including attorneys', consultants' or experts' fees and expenses) of every kind and nature suffered by or asserted against the Lender Agent or the Banks as a direct or indirect result of any warranty or representation made by the Borrower in this paragraph being false or untrue in any material respect or any requirement under any law, regulation or ordinance, whether local, state or federal, which requires the elimination or removal of any hazardous materials, substances, wastes or other environmentally regulated substances. The Borrower's obligations hereunder shall not be limited to any extent by the term of the indebtedness Indebtedness secured hereby, and, as to any act or occurrence prior to payment in full and satisfaction of the indebtedness Indebtedness which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding payment in full and satisfaction of the indebtednessIndebtedness.

Appears in 3 contracts

Samples: Credit and Security Agreement (Commercial Net Lease Realty Inc), Credit and Security Agreement (Commercial Net Lease Realty Inc), Credit and Security Agreement (Commercial Net Lease Realty Inc)

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Compliance with Environmental Requirements. The Borrower Each of the Borrowers warrants and represents to the Lender Agent and the Banks that to the best of Borrower's its knowledge, the each of their respective real property owned by Borrower assets is now and at all times hereafter will continue to be in full compliance with all federal, state and local environmental laws and regulations as they now exist or are hereafter enacted and/or amended, including, but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, the Resource Conservation and Recovery Act of 1976, as amended by the Used Oil Recycling Act of 1980, and the Hazardous and Solid Waste Amendments of 1984, as amended. The Borrower Borrowers shall indemnify and hold the Lender Agent and the Banks harmless from and against any and all damages, penalties, fines, claims, liens, suits, liabilities, costs (including cleanup costs), judgments and expenses (including attorneys', consultants' or experts' fees and expenses) of every kind and nature suffered by or asserted against the Lender Agent or the Banks as a direct or indirect result of any warranty or representation made by the Borrower Borrowers in this paragraph being false or untrue in any material respect or any requirement under any law, regulation or ordinance, whether local, state or federal, which requires the elimination or removal of any hazardous materials, substances, wastes or other environmentally regulated substances. The Borrower's Borrowers' obligations hereunder shall not be limited to any extent by the term of the indebtedness secured herebyhereunder, and, as to any act or occurrence prior to payment in full and satisfaction of the indebtedness which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding payment in full and satisfaction of the indebtednessindebtedness hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Commercial Net Lease Realty Inc), Credit Agreement (Commercial Net Lease Realty Inc)

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