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without limitation, asbestos, polychlorinated biphenyls, petroleum, natural gas and
<br />synthetic fuel products and by-products.
<br />"Environmental Law" means all federal, state or local statutes, ordinances,
<br />rules, regulations, orders, decrees, judgments or common law doctrines, and provisions
<br />and conditions of permits, licenses and other operating authorizations regulating, or
<br />relating to, or imposing liability or standards of conduct concerning (i) pollution or
<br />protection of the environment, including natural resources; (ii) exposure of persons,
<br />including employees and agents, to any Hazardous Material (as defined above) or other
<br />products, raw materials, chemicals or other substances; (iii) protection of the public
<br />health or welfare from the effects of by-products, wastes, emissions, discharges or
<br />releases of chemical substances from industrial or commercial activities; (iv) the
<br />manufacture, use or introduction into commerce of chemical substances, including
<br />without limitation, their manufacture, formulation, labeling, distribution, transportation,
<br />handling, storage and disposal; or (iv) the use, release or disposal of toxic or hazardous
<br />substances or Hazardous Materials or the remediation of air, surface waters,
<br />groundwaters or soil, as now or may at any later time be in effect, including but not
<br />limited to the Toxic Substances Control Act [15 U.S.C. 2601, et seq.]; the
<br />Comprehensive Environmental Response, Compensation and Liability Act [42 U.S.C.
<br />Section 9601, et seq.], the Hazardous Materials Transportation Authorization Act [49
<br />U.S.C. Section 5101, et seq.], the Resource Conservation and Recovery Act [42 U.S.C.
<br />6901, et seq.], the Federal Water Pollution Control Act [33 U.S.C. Section 1251], the
<br />Clean Air Act [42 U.S.C. Section 7401, et seq.], the California Underground Storage of
<br />Hazardous Substances Act [California Health and Safety Code Section 25280, et seq.],
<br />the California Hazardous Substances Account Act [California Health and Safety Code
<br />Section 25300, et seq.], the California Hazardous Waste Act [California Health and
<br />Safety Code Section 25100, et seq.], the California Safe Drinking Water and Toxic
<br />Enforcement Act [California Health and Safety Code Section 25249.5, et seq.], and the
<br />Porter -Cologne Water Quality Control Act [California Water Code Section 13000, et
<br />seq.], as they now exist or are hereafter amended, together with any regulations
<br />promulgated thereunder.
<br />7.12 Notice of Claims; Defense of Security; Reimbursement of Costs.
<br />a. Notice of Claims. Trustor shall provide written notice to Beneficiary of any
<br />uninsured or partially uninsured loss affecting the Property through fire, theft, liability, or
<br />property damage in excess of an aggregate of Fifty Thousand Dollars ($50,000) within
<br />five business days of the occurrence of such loss. Trustor shall ensure that Beneficiary
<br />shall receive timely notice of, and shall have a right to cure, any default under any other
<br />financing document or other lien affecting the Property and shall use best efforts to
<br />ensure that provisions mandating such notice and allowing such right to cure shall be
<br />included in all such documents. Within three business days of Trustor's receipt thereof,
<br />Trustor shall provide Beneficiary with a copy of any notice of default Trustor receives in
<br />connection with any financing document secured by the Property or any part thereof.
<br />b. Defense of Security. At Trustor's sole expense, Trustor shall protect,
<br />preserve and defend the Property and Trustor's interest in and right of possession of the
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<br />OAK #4818-1017-3530 v2
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