Common use of Disqualifying Environmental Event Clause in Contracts

Disqualifying Environmental Event. Any Release or threatened Release of Hazardous Substances, any violation of Environmental Laws or any other similar environmental event with respect to the Project that will, in the Agent’s reasonable opinion, cost in excess of $50,000 to remediate. Disqualifying Structural Event. Any structural issue with respect to the Project that will, in the Agent’s reasonable opinion, cost in excess of $50,000 to remediate.

Disqualifying Environmental Event. Any Release or threatened Release of Hazardous Substances, any violation of Environmental Laws or any other similar environmental event with respect to the Project any Collateral Property that will, in the Agent’s reasonable opinion, cost in excess of $50,000 500,000 to remediate. Disqualifying Structural Event. Any structural issue remediate or, which, with respect to all of the Project that Collateral Properties, will, in the Agent’s reasonable opinion, opinion cost in excess of $50,000 1,000,000 in the aggregate to remediate.