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200609881 (i) There are no existing or closed underground storage tanks ( "USTs ") on the Property (x) from which Hazardous Materials have been released or leaked to the environment, or (y) that are not in compliance with all federal, state, and local laws and regulations covering the installation, operation, maintenance and abandonment of USTs; (ii) None of the following will hereafter be brought on or constitute a part of the Property: friable asbestos or friable asbestos - containing material; urea formaldehyde insulation; transformers or other equipment which contain dielectric fluid containing polychlorinated biphenyls; or leaded paint, except as may be brought on the Property in accordance with law or for use or sale in connection with the current use of the Property; (iii) There are no existing or closed sanitary landfills, solid waste disposal sites, or hazardous waste treatment, storage or disposal facilities on the Property except as have been disclosed to relevant Governmental Authorities and as have been regulated, operated, monitored, assessed and (as necessary) remediated in accordance with law; (iv) No pending or current notice has been issued to Grantor by any agency, authority, or unit of government that Grantor has been identified as a potentially responsible party under any Environmental Law; and (v) To the best of Grantor's knowledge, there exists no pending or current investigation, action, proceeding, or claim by any Governmental Authority or by any third party which could result in any liability, penalty, sanction, or judgment under any Environmental Law with respect to any condition, use or operation of the Property. (b) Environmental Covenants of Grantor. In addition to the Grantor's covenants in the Loan Agreement, the Grantor covenants and agrees with each Credit Party and the Beneficiary that Grantor shall: (i) remain in material compliance with all Environmental Laws; (ii) not store (except in compliance with all Environmental Laws pertaining thereto), dispose of, release or allow the release of any Hazardous Materials on the Property; (iii) neither directly nor indirectly transport or arrange for the transport of any Hazardous Materials (except in compliance with all Environmental Laws pertaining thereto); and (iv) upon the request of Beneficiary, if Beneficiary has reason to believe that Hazardous Materials are stored, released or disposed of on the Property, take all reasonable action (including, without limitation, the conducting of reasonably scoped environmental assessments at the sole expense of the 8 MA