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6.C.(1) Environmental Testing Agreement (700 S. Lafayette)
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6.C.(1) Environmental Testing Agreement (700 S. Lafayette)
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10/1/2010 12:31:30 PM
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protect the lender"s security interest in the Site (as provided in paragraph 7) <br />(individually the "Indemnitee"' and collectively the "Indemnitees"'), from any and <br />all Claims, arising out of or in any way relating to any of the following: <br />(i) Remedial Action addressing Hazardous Substances occun-ing and/or in <br />existence prior to or at the time of Closing: over, underneath, in or upon <br />the Site or in the groundwater, or the Release fiom the Site of any such <br />Hazardous Substance into the ahnosphere or the waters of the State, <br />ground water, or publicly or privately owned well, or on any other parcel <br />of property. Such Hazardous Substances shall include, but shall not be <br />limited to those Hazardous Substances identified in the Environmental <br />Reports. <br />(ii) Any violation or alleged violation of any Environmental Law, <br />regarding, arising out of or in connection with the activities of the the City <br />or Indemnitor at the Site. <br />(iii) Any Release or threatened Release to, at or fiom any facility owned <br />or operated by another person, of any Hazardous Substances generated by <br />the the City or Indemnitor at the Site. <br />(iv) During the above referenced ten year effective period, any <br />misrepresentation, omission, or breach of any representation or wan•anty <br />contained in Section 2 of this Agreement. <br />(b) Provided, however, that in case any Indemnitee has received written notice of <br />any Claim in respect of which Claim indemnity properly may be sought against <br />the City or Indemnitor pursuant to this Agreement, the Indemnitee must give <br />notice in writing to the Indemnitor within thirty (30) days of receipt of said notice <br />and the Indemnitee's failure to provide such notice will relieve the Indemnitor of <br />the obligation to indemnify the Indemnitees of such Claim. <br />(c) If, but only to the extent, the foregoing indemnification described above is <br />found by a court of competent jurisdiction to be void, invalid or unenforceable as <br />against the Indemnitor under any applicable law, then Indemnitor shall pay to the <br />Indemnitee or Indemnitees the maximum contribution to the pa}nnent of the <br />foregoing Claims as may be permitted under such law and under any other <br />applicable law. <br />5. Indemnitees Indemnity and Covenant Not to Sue <br />(a) Indemnitee hereby covenants and agrees that it will indemnify exonerate, hold <br />harmless and defend Indemnitor from any and all Claims arising out of or in any way <br />relating to the existence of Hazardous Substances on the Site first occun•ing after Closing <br />and which existence is caused by the action or omission of Indemnitee, its officers, <br />directors, shareholders or employees. <br />
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