Common use of Environmental Problems Clause in Contracts

Environmental Problems. LESSOR and its successors and assigns shall indemnify and hold harmless LESSEE, its equity holders, managers, directors, officers, employees, agents, representatives and their respective heirs, executors, administrators and personal representatives, successors and assigns, against and with respect to any and all damages, claims, losses, fines, penalties, liabilities, costs and expenses (including, without limitation, reasonable legal costs and expenses and investigation and remediation costs and expenses), which are incurred by LESSEE, or which are asserted against or imposed upon LESSEE, by any other party (including without limitation any governmental entity), arising out of or connected with any Environmental Condition (as hereinafter defined) in existence as of the Commencement Date. LESSEE and its successors and assigns, shall indemnify and hold harmless LESSOR, its equity holders, managers, directors, officers, affiliates, their respective heirs, executors, administrators and personal representatives, successors and assigns, against and with respect to any and all damages, claims, losses, fines, penalties, liabilities, costs and expenses (including, without limitation, reasonable legal costs and expenses and investigation and remediation costs and expenses), which are incurred by LESSOR, or which are asserted against or imposed upon LESSOR, by any third party (including, without limitation, any governmental entity), arising out of or connected with (i) any Environmental Condition or health and safety condition caused by LESSEE’s negligence, willful misconduct, or otherwise in any way attributable to LESSEE’s use or occupancy of the Leased Premises; or (ii) the failure by LESSEE to comply with environmental, industrial hygiene, or health and safety laws.

Appears in 2 contracts

Sources: Lease Agreement (Olb Group, Inc.), Lease Agreement (Olb Group, Inc.)