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4/12/2022 4:26:50 PM
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4/12/2022 4:26:43 PM
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202202660
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202202060 <br />Section 17.10. Jury Trial Waiver. TO THE FULLEST EXTENT PERMITTED BY ANY <br />APPLICABLE REQUIREMENT OF LAW, MORTGAGOR AND ADMINISTRATIVE AGENT EACH <br />HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY ACTION, <br />CLAIM, SUIT OR PROCEEDING RELATING TO THIS MORTGAGE AND FOR ANY <br />COUNTERCLAIM BROUGHT THEREIN. MORTGAGOR HEREBY WAIVES ALL RIGHTS TO <br />INTERPOSE ANY COUNTERCLAIM IN ANY SUIT BROUGHT BY ADMINISTRATIVE AGENT <br />HEREUNDER AND ALL RIGHTS TO HAVE ANY SUCH SUIT CONSOLIDATED WITH ANY <br />SEPARATE SUIT, ACTION OR PROCEEDING. <br />Section 17.11. No Reduction. No taxes paid by or on account of the Other Mortgaged Properties <br />in New Jersey shall serve to reduce the amount of indebtedness secured by this instrument. <br />Section 17.12. New Jersey Environmental Provisions. <br />(a) Mortgagor represents and warrants that, to the best of Mortgagor's knowledge after due <br />inquiry and investigation, no lien has attached to the Other Mortgaged Properties in New Jersey as a result <br />of any action by the New Jersey Department of Environmental Protection (which, together with its <br />successors, shall be called herein the "NJDEP") or its designee pursuant to the New Jersey Spill <br />Compensation Fund as such term is defined in the Spill Compensation and Control Act, N.J.S.A. 58:10- <br />23.11 et seq. (said Spill Compensation and Control Act together with any amendments or revisions thereof <br />and any regulations promulgated pursuant thereto being hereinafter collectively called the "Spill Act") <br />expending monies from said fund to pay for "cleanup and removal costs" or "natural resources" damages <br />as a result of any "discharge" of any "hazardous substances" on or at the Other Mortgaged Properties in <br />New Jersey, as such terms are defined in the Spill Act. <br />(b) If a lien that has priority over all other claims or liens which have been previously filed is <br />filed against the Other Mortgaged Properties in New Jersey pursuant to the Spill Act, N.J.S.A. 58:10-23.11g <br />(c)(2), Mortgagor shall immediately either (i) pay the claim and remove the lien from the Other Mortgaged <br />Properties in New Jersey, or (ii) furnish (A) a bond satisfactory to Administrative Agent and the title <br />insurance company which insured the priority of the lien of this Mortgage in the amount of the claim out <br />of which the lien arises, (B) a cash deposit in the amount of the claim out of which the lien arises, or (C) <br />other security reasonably satisfactory to Administrative Agent in an amount sufficient to discharge the <br />claim out of which the lien arises. <br />(c) In connection with a "termination of ownership or operations" (as such term is used in the <br />New Jersey Industrial Site Recovery Act, as amended, N.J.S.A. 13:1K-6 et seq. ("ISRA")) relating to <br />Mortgagor or any tenants at any time occupying any portion of the Other Mortgaged Properties in New <br />Jersey, Mortgagor, shall promptly provide Administrative Agent with: <br />(i) a Response Action Outcome (as such term is used in ISRA, including at N.J.A.C. <br />7:26C-6.2) issued by a Licensed Site Professional; or <br />(ii) a Remedial Action Work Plan (as such term is used in ISRA) certified by a <br />Licensed Site Professional; or <br />(iii) a Remediation Certification (as such term is used in ISRA, including at N.J.A.C. <br />7:26B -1.7(b)) certified by a Licensed Site Professional permitting the termination. <br />Nothing in this subsection (c) shall be construed as limiting Mortgagor's obligation to otherwise <br />comply with ISRA. In particular, Mortgagor's obligation to comply with ISRA shall also specifically apply <br />61 <br />144646513 <br />
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