Common use of Removal of Hazardous Substances Clause in Contracts

Removal of Hazardous Substances. Subject to the Lessor’s rights under Section 7.13(b), prior to the expiration or termination of this Lease, the Lessee, at its sole cost and expense, shall, in accordance with industry standards practiced in the chemical industry, and subject to its rights and obligations under Section 7.8: (a) cause any Remedial Action required to be taken under Section 7.12 herein to be completed; (b) remove any Hazardous Substance originated by the Lessee or its Representatives at, on or under Lessee’s Improvements, Easement Areas, the Construction Laydown Area or the Leased Premises in conformance with Lessee’s Safety Requirements (and in no event less than the extent necessary to meet applicable criteria for industrial sites); and (c) to the extent any Hazardous Substance originated by the Lessee is located on the Lessor’s Premises or any other lands adjoining or adjacent thereto are attributable to the Lessee’s Improvements or the Lessee’s and/or its Affiliates’ use of or activities on such lands, remove any Hazardous Substance at, on or under the Lessor’s Premises or any other lands adjoining or adjacent thereto in conformance with the Lessee’s Safety Requirements (and in no event less than the extent necessary to meet applicable criteria for industrial sites), and in each such case, the Lessee shall also take all Remedial Action required by Environmental Laws including as relevant, using commercially reasonable efforts to obtain a “no further action letter” (or equivalent) is issued in respect of the Leased Premises or the Lessor’s Premises.

Appears in 2 contracts

Sources: Asset Transfer Agreement, Asset Transfer Agreement (GlyEco, Inc.)