Common use of Presence of Hazardous Materials Clause in Contracts

Presence of Hazardous Materials. or Hazardous Materials Contamination. To the best of each Borrower's knowledge, (a) no Hazardous Materials are located on any real property owned, controlled or operated by any Borrower or for which any Borrower is, or is claimed to be, responsible, except for reasonable quantities of necessary supplies for use by a Borrower in the ordinary course of its current line of business and stored, used and disposed of in accordance with applicable Laws; and (b) no property owned, controlled or operated by any Borrower or for which any Borrower has, or is claimed to have, responsibility has ever been used as a manufacturing, storage, or dump site for Hazardous Materials nor is affected by Hazardous Materials Contamination at any other property.

Appears in 2 contracts

Samples: Financing and Security Agreement (Walbro Corp), Financing and Security Agreement (Walbro Corp)

AutoNDA by SimpleDocs

Presence of Hazardous Materials. or Hazardous Materials Contamination. To the best of each Borrower's knowledge, (a) no Hazardous Materials are located on any real property owned, controlled or operated by of any Borrower or for which any Borrower is, or is claimed to be, responsible, except for reasonable quantities of necessary supplies for use by a Borrower in the ordinary course of its current line of business and stored, used and disposed of in accordance with applicable Laws; and (b) no property owned, controlled or operated by any Borrower or for which any Borrower has, or is claimed to have, responsibility has ever been used as a manufacturing, storage, or dump site for Hazardous Materials nor is affected by Hazardous Materials Contamination at any other property.

Appears in 1 contract

Samples: Financing and Security Agreement (Polk Audio Inc)

AutoNDA by SimpleDocs

Presence of Hazardous Materials. or Hazardous Materials Contamination. To the best of each the Borrower's knowledge, (a) no Hazardous Materials are located on any real property owned, controlled or operated by any of the Borrower or for which any the Borrower is, or is claimed to be, responsible, except for reasonable quantities of necessary supplies for use by a the Borrower in the ordinary course of its current line of business and stored, used and disposed of in accordance with applicable Laws; and (b) no property owned, controlled or operated by any the Borrower or for which any the Borrower has, or is claimed to have, responsibility has ever been used as a manufacturing, storage, or dump site for Hazardous Materials nor is affected by Hazardous Materials Contamination at any other property.. 4.1.19

Appears in 1 contract

Samples: Financing and Security Agreement (Halifax Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.