Common use of Notices Regarding Hazardous Substances Clause in Contracts

Notices Regarding Hazardous Substances. Indemnitor shall promptly notify Bank if it knows, suspects or believes there may be any Hazardous Substance in or around the Property, or in the soil, groundwater or soil vapor on or under the Property, or that Indemnitor or the Property may be subject to any threatened or pending investigation by any governmental agency under any law, regulation or ordinance pertaining to any Hazardous Substance.

Appears in 3 contracts

Sources: Bridge Loan Agreement (Prolong International Corp), Indemnity Agreement (Newmark Homes Corp), Standing Loan Agreement (Prolong International Corp)