My WebLink
|
Help
|
About
|
Sign Out
Browse
200311854
LFImages
>
Deeds
>
Deeds By Year
>
2003
>
200311854
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/16/2011 5:56:43 AM
Creation date
10/28/2005 3:15:46 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200311854
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
27
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
-11- <br />200M854 <br />Section 1.08. Compliance With Laws. <br />(a) Representation. The Trustor hereby confirms the representations and <br />warranties set forth in Section 5.03 of the Credit Agreement (relating to compliance by the <br />Trustor with applicable Environmental Laws) insofar as such representations and warranties <br />apply to the Trust Estate. <br />(b) Notification of Notices and Orders. The Trustor shall notify the Beneficiary <br />promptly of any notice or order that the Trustor receives from any agency or instrumentality of <br />the Federal, or any state or local, government with respect to the Trustor's compliance with any <br />laws or regulations (including Environmental Laws) applicable to the Trust Estate and promptly <br />take any and all actions necessary to bring its operations at the Properties into compliance with <br />such laws or regulations (and shall fully comply with the requirements of such laws or <br />regulations that at any time are applicable to its operations at the Properties) all to the extent <br />required under the applicable provisions of the Credit Agreement; provided, that to the extent not <br />inconsistent with the provisions of Section 5.03 of the Credit Agreement, the Trustor at its <br />expense may, after prior notice to the Beneficiary, contest by appropriate legal, administrative or <br />other proceedings conducted in good faith and with due diligence, the validity or application, in <br />whole or in part, of any such laws or regulations so long as (i) neither the Trust Estate nor any <br />part thereof or any interest therein, will be sold, forfeited or lost if the Trustor pays the amount or <br />satisfies the condition being contested, and the Trustor would have the opportunity to do so, in <br />the event of the Trustor's failure to prevail in the contest, and (ii) none of the Beneficiary the <br />Trustee nor any of the Lenders or the Swingline Lenders would, by virtue of such permitted <br />contest, be exposed to any risk of any civil liability for which the Trustor has not set aside on its <br />books adequate reserves with respect thereto as required by Section 5.03 of the Credit <br />Agreement, or to any risk of criminal liability, and neither the Trust Estate nor any interest <br />therein would be subject to the imposition of any Lien for which the Trustor has not set aside on <br />its books adequate reserves with respect thereto as required by Section 5.03 of the Credit <br />Agreement as a result of the failure to comply with such law or of such proceeding. <br />(c) Right to Cure Non - Compliance with Environmental Laws. The Beneficiary, <br />at its election and in its sole discretion may, without obligation to do so, and upon notice to the <br />Trustor (except in an emergency), cure any failure on the part of the Trustor to comply with any <br />Environmental Laws applicable to the Trust Estate, and without limitation, may take any of the <br />following actions: <br />(i) arrange for the prevention of any Release or threat of Release of <br />Hazardous Materials at any of the Properties, and pay any costs associated with such <br />prevention; <br />Deed of Trust <br />NY1: #3351532v3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.