Common use of Remedial Acts Clause in Contracts

Remedial Acts. In the event of any spill or release of or the presence of any Hazardous Waste affecting the Project (including the Property), that originates or emanates from the Property, and/or if Tenant shall fail to comply with any of the requirements of any Environmental Law, Landlord may, without notice to Tenant, at its election, but without obligations so to do, gives such notices and/or cause such work to be performed at the Project (including the Property ) and/or take any and all other actions as Landlord shall deem necessary or advisable in order to remedy said spill or release of Hazardous Waste or cure said failure of compliance and any amounts paid as a result thereof, together with interest at the rate of twelve percent (12%) per annum, from the date of payment by Landlord, shall be immediately due and payable by Tenant to Landlord.

Appears in 1 contract

Sources: Standard Industrial Lease (Intuit Inc)

Remedial Acts. In the event of any spill or release of or the presence of any Hazardous hazardous Waste affecting the Project (including Property, whether o not the Property), that same originates or emanates from the Propertyproperty or any contiguous real estate, and/or if Tenant shall fail to comply with any of the requirements of any Environmental Lawlaw, Landlord may, without notice to Tenant, at as its election, but without obligations obligation so to do, gives give such notices and/or cause such work to be performed at the Project (including the Property ) and/or take any and all other actions as Landlord landlord shall deem necessary or advisable in order to remedy said spill or release of Hazardous hazardous Waste or cure said failure of compliance and any amounts paid as a result thereof, together with interest at the rate of twelve fifteen percent (12%15) per annum, from the date of payment by Landlord, shall be immediately due and payable by Tenant to Landlord.

Appears in 1 contract

Sources: Industrial Real Estate Lease (Direct Focus Inc)

Remedial Acts. In the event of any spill or release of or the presence of any Hazardous Waste affecting the Project (including Property, whether or not the Property), that same originates or emanates from the PropertyProperty or any contiguous real estate, and/or if Tenant shall fail to comply with any of the requirements of any Environmental Law, Landlord may, without notice to Tenant, at its election, but without obligations obligation so to do, gives such notices and/or cause such work to be performed at the Project (including the Property ) and/or take any and all other actions as Landlord shall deem necessary or advisable in order to remedy said spill or release of Hazardous Waste or cure said failure of compliance and any amounts paid as a result thereof, together with interest at the rate of twelve fifteen percent (1215%) per annum, from the date of payment by Landlord, shall be immediately due and payable by Tenant to Landlord.

Appears in 1 contract

Sources: Industrial Real Estate Lease (Multiple Zones International Inc)