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6.C.(6)
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6.C.(6)
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to the Indemnity set forth herein based on Union Station's actual or constructive knowledge of <br />the existence or potential existence of environmental defects on, at, or under the Property. <br />12. Board Responsibility for Additional Construction Costs. The Board agrees to <br />reimburse Union Station for the reasonable costs of additional preconstruction and construction <br />work required by IDEM or another applicable governmental authority due to the Existing <br />Environmental Conditions or other contamination by Hazardous Materials covered by the <br />Indemnity (the `Incremental Costs "), but only to the extent such Incremental Costs would not be <br />incurred by Union Station for preconstruction or construction activities at another property which <br />was not contaminated by such Hazardous Materials. The Board acknowledges that Union Station <br />is considering the use of a portion of the Ivy Tower Building above the 5'h Floor for residential <br />use. This paragraph, however, shall not apply to, and the Board shall have no obligation to pay <br />for, any costs associated with any additional reconstruction or construction work related to <br />residential use that is performed above the 4' Floor of the Ivy Tower Building. The Board shall <br />have the right to review and approve any and all activities or plans that may result in such <br />Incremental Costs in order to minimize such Incremental Costs, provided that if the Board <br />objects to any such activities, plans or Incremental Costs, the Board shall propose an alternative <br />that is consistent with: a) all applicable federal and Indiana laws, including without limitation, <br />implementing regulations and guidance; and b) Union Station's redevelopment and use of the <br />Property. The Board's review of activities and plans that may result in Incremental Costs shall <br />not exceed 30 business days and approval shall not be unreasonably withheld. <br />13. Board Responsibility for Additional Costs of Obtaining Comfort Letter. Union <br />Station shall use commercially reasonable efforts to (i) qualify as a BFPP under CERCLA and <br />analogous Indiana laws and (ii) to obtain a Comfort Letter from the Indiana Finance Authority's <br />Brownfields Program detailing Union Station's liability protection for pre- existing <br />contamination at the Property and the continuing obligations Union Station must satisfy to <br />maintain its BFPP liability protections under CERCLA and analogous Indiana Laws. <br />All costs of applying for and maintaining the Comfort Letter shall be Union Station's sole <br />responsibility. Notwithstanding the foregoing, if IDEM or the Indiana Finance Authority <br />Brownfields Program require environmental investigation or remediation work, either on the <br />Property or off -site as a condition for granting the Comfort Letter or as a necessary condition to <br />maintain the liability protections provided therein, Union Station shall promptly notify the Board <br />in writing and the Board shall determine in its sole discretion whether (i) the Board will have the <br />required work performed by an environmental consultant of its choice; (ii) Union Station should <br />perform the work with the Board reimbursing Union Station for all reasonable costs; or (iii) the <br />Board will release Union Station from its obligation hereunder to seek the Comfort Letter and <br />BFPP status after which time Union Station will be solely responsible for any additional costs it <br />incurs to obtain any of the protections outlined in this Paragraph. In the event of subparagraph <br />(iii), the Board will reimburse Union Station up to $15,000 for legal costs and up to $15,000 for <br />all other costs including environmental consultant's costs. <br />14. Assignment of A.a_reement. This Agreement is personal to Union Station but may <br />be assigned by Union Station (or any other person) subject to the express written approval of the <br />Board, which approval shall not be unreasonably withheld. <br />7 <br />
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