USA Environmental Indemnity Agreement
Any commercial loan transaction which uses business property as security should require an Environmental Indemnity from the borrower, like this template for lenders in the USA.
- The indemnity specifically covers the real property which the borrower is mortgaging as security for repayment of the loan.
- The borrower indemnifies the lender against any claims for environmental contamination of or damage to the property or from any violation of federal, state or local environmental regulations.
- The liability of the borrower as indemnitor will survive the repayment of the loan in perpetuity.
- The form can be used anywhere in the United States.
Protect against expensive and onerous legal claims. Download the Environmental Indemnity Agreement for your loans officers.
Last Updated: 14-April-2016