Common use of Remedial Action Clause in Contracts

Remedial Action. In response to the presence of any Hazardous Materials on, under or about the Property, Grantor shall, in accordance with Hazardous Materials Laws, take or cause to be taken, at Grantor’s sole expense, all remedial action required by any Hazardous Materials Laws or any judgment, consent decree, settlement or compromise in respect to any Hazardous Materials Claims.

Appears in 7 contracts

Sources: Deed of Trust (Cole Credit Property Trust III, Inc.), Deed to Secure Debt (Cole Credit Property Trust III, Inc.), Deed to Secure Debt (Cole Credit Property Trust III, Inc.)

Remedial Action. In response to the presence of any Hazardous Materials on, under or about the PropertyUnits or Improvements, Grantor shall, in accordance with Hazardous Materials Laws, take or cause to be takenshall immediately take, at Grantor’s 's sole expense, all remedial action required by any Hazardous Materials Laws or any judgment, consent decree, settlement or compromise in respect to any Hazardous Materials Claims.

Appears in 1 contract

Sources: Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Behringer Harvard Short Term Opportunity Fund I Lp)

Remedial Action. In response to the presence of any Hazardous Materials on, under or about the Subject Property, Grantor shall, in accordance with Hazardous Materials Laws, take or cause to be takenshall immediately take, at Grantor’s 's sole expense, all remedial action required by any Hazardous Materials Laws or any judgment, consent decree, settlement or compromise in respect to any Hazardous Materials Claims.

Appears in 1 contract

Sources: Deed of Trust (Prudential Bache Equitec Real Estate Partnership)

Remedial Action. In response to the presence of any Hazardous Materials on, under or about the PropertyProperty or Improvements, Grantor shall, in accordance with Hazardous Materials Laws, take or cause to be takenGrantee shall immediately take, at GrantorGrantee’s sole expense, all remedial action required by any Hazardous Materials Laws or any judgment, consent decree, settlement or compromise in respect to any Hazardous Materials Claims.

Appears in 1 contract

Sources: Conditional Grant Agreement

Remedial Action. In response to the presence of any Hazardous Materials on, under or about the PropertyProperty or Improvements, Grantor shall, in accordance with Hazardous Materials Laws, take or cause to be takenGrantee shall immediately take, at Grantor▇▇▇▇▇▇▇’s sole expense, all remedial action required by any Hazardous Materials Laws or any judgment, consent decree, settlement or compromise in respect to any Hazardous Materials Claims.

Appears in 1 contract

Sources: Conditional Grant Agreement