Response Actions. Each Borrower and Guarantor covenants and agrees that if any Release or disposal of Hazardous Material shall occur or shall have occurred on any Real Property owned by it, such Borrower or Guarantor will cause the prompt containment and removal of such Hazardous Material and remediation of such Real Property as necessary to comply with all Environmental Laws or to preserve the value of such Real Property.
Appears in 3 contracts
Sources: Senior Unsecured Revolving Credit Agreement (Lexington Corporate Properties Trust), Unsecured Revolving Credit Agreement (Lexington Corporate Properties Trust), Unsecured Revolving Credit Agreement (Lexington Corporate Properties Trust)
Response Actions. Each The Borrower and Guarantor covenants the Guarantors jointly and agrees severally covenant and agree that if any Release or disposal of Hazardous Material Materials shall occur or shall have occurred on any Real Property owned by itEstate if the same would have a Material Adverse Effect, such the Borrower or Guarantor will cause the prompt containment and removal of such Hazardous Material Materials and remediation of such Real Property Estate as necessary to comply with all Environmental Laws or to preserve the value of such Real PropertyEstate to the extent necessary to avoid a Material Adverse Effect.
Appears in 3 contracts
Sources: Revolving Secured Credit and Guaranty Agreement (Sl Green Realty Corp), Revolving Secured Credit and Guaranty Agreement (Sl Green Realty Corp), Revolving Secured Credit and Guaranty Agreement (Sl Green Realty Corp)
Response Actions. Each Borrower and Guarantor covenants the Guarantors jointly and agrees severally covenant and agree that if any Release or disposal of Hazardous Material Materials shall occur or shall have occurred on any Unencumbered Asset or any other Real Property owned by itEstate if the same would have a Material Adverse Effect, such Borrower or Guarantor will cause the prompt containment and removal of such Hazardous Material Materials and remediation of such Unencumbered Asset or Real Property Estate as necessary to comply with all Environmental Laws or to preserve the value of such Unencumbered Asset or Real PropertyEstate to the extent necessary to avoid a Material Adverse Effect.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Sl Green Realty Corp), Credit and Guaranty Agreement (Sl Green Realty Corp)
Response Actions. Each The Borrower and Guarantor covenants the Guarantors jointly and agrees severally covenant and agree that if any Release or disposal of Hazardous Material Materials shall occur or shall have occurred on any Unencumbered Asset or any other Real Property owned by itEstate if the same would have a Material Adverse Effect, such the Borrower or Guarantor will cause the prompt containment and removal of such Hazardous Material Materials and remediation of such Unencumbered Asset or Real Property Estate as necessary to comply with all Environmental Laws or to preserve the value of such Unencumbered Asset or Real PropertyEstate to the extent necessary to avoid a Material Adverse Effect.
Appears in 2 contracts
Sources: Revolving Credit and Guaranty Agreement (Sl Green Realty Corp), Revolving Credit and Guaranty Agreement (Sl Green Realty Corp)