Environmental Indemnification Agreement
(Acquisition Loan)

Summary

This template is an Environmental Indemnification Agreement for use in an acquisition loan transaction whereby the borrower agrees to indemnify the lender for any environmental issues related to the mortgaged property. This template includes practical guidance and drafting notes. Depending on the type and use of such property, and the status of any past or ongoing environmental issues at the property, the Environmental Indemnification Agreement may be one of the most important documents to a lender in a loan transaction. For a full listing of key content covering construction, see Commercial Real Estate Acquisition Loan Resource Kit. For a full listing of key content covering acquisition financing, see Junior Associate Real Estate Resource Kit (Acquisition Finance). For more information generally, see Lender Liability Under Environmental Laws in Real Estate Transactions. For a full listing of key content covering commercial real estate, see First Year Associate Resource Kit: Real Estate. For a full listing of Practical Guidance content relating to due diligence for commercial real estate financing, see Commercial Real Estate Financing Due Diligence Resource Kit.