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6.2 EDSR 10-17-2016
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6.2 EDSR 10-17-2016
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10/14/2016 2:47:18 PM
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10/17/2016
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ExhibitAhave been registered and/or permitted as required by Environmental <br />Regulations, and evidence of such registration and/or permitting has been given to <br />Lender. There are no wells on or under the Property, except as identified on <br />ExhibitA. <br />3.Covenants and Agreements.Borrower and Entity Guarantor covenant and agree <br />as follows: <br />(a)Except for substances normally used for maintenance or operation of the Property <br />which are used, stored and disposed of in accordance with all applicable <br />Environmental Regulations and except as identified on ExhibitA, Borrowerand <br />Entity Guarantorshall not, nor shall it permit others to, place, store, locate, <br />generate, produce, create, process, treat, handle, transport, incorporate, discharge, <br />emit, spill, release, deposit or dispose of any Hazardous Substance in, upon, <br />under, over or from the Property. Borrower and Entity Guarantorshall cause all <br />Hazardous Substances found on or under the Property, which are not permitted <br />under the foregoing sentence, to be properly removed therefrom and properly <br />disposed of at Borrower’sand Entity Guarantor’scost and expense. Borrower <br />and Entity Guarantorshall not install or permit to be installed any underground <br />storage tank on or under the Property. Borrowerand Entity Guarantorshall give <br />written notice to Lender prior to a change in the operations on the Property. <br />(b)In the event that (i)Lender reasonably believes that a violation of an <br />Environmental Regulation may have occurred in connection with the Property; <br />(ii)Lender receives notice from Borrower or Entity Guarantoror otherwise has <br />knowledge that an event described in subparagraph 3(d) has occurred; (iii)Lender <br />reasonably believes that a representation or warranty of Borrower or Entity <br />Guarantorin Paragraph 2 was untrue in any material respect when made or has <br />become untrue in any material respect; (iv)Lender receives notice from Borrower <br />or a Entity Guarantoror otherwise has knowledge of a change in operations on the <br />Property and Lender reasonably believes that the new operations may entail the <br />presence of more or different Hazardous Substances on the Property; or <br />(v)Lender reasonably believes that Hazardous Substances are present on the <br />Property which were not previously known by Lender to be present on the <br />Property; then, in any such event, Borrowerand Entity Guarantorshall at their <br />cost obtain and deliver to Lender an environmental review, audit, assessment <br />and/or report relating to the Property or shall have any previously delivered <br />materials updated and/or amplified, by an engineer or scientist selected by <br />Borrower and Entity Guarantorand acceptable to Lender; if Borrowerand Entity <br />Guarantor failto do so within 45days after such request is made, Lender shall <br />have the right to do so, in which event Borrower and Entity Guarantorshall <br />reimburse Lender for the cost incurred by Lenderin doing so within 10days <br />following demand therefor by Lender. <br />(c)Borrower and Entity Guarantorshall, promptly after obtaining actual knowledge <br />thereof, give notice to Lender of: (i)any activity in violation of any applicable <br />Environmental Regulations relating to the Property, (ii)any governmental or <br />3 <br />487523v1 JSB EL185-45 <br /> <br />
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