The Environmental Indemnity Agreement Form is a crucial document in Singapore's business landscape, particularly in transactions involving properties or operations with potential environmental impacts. This agreement is commonly used in property sales, leases, or corporate transactions where environmental risks need to be allocated between parties. It addresses compliance with Singapore's environmental regulations, including the Environmental Protection and Management Act, and typically covers aspects such as known contamination, cleanup obligations, and regulatory compliance requirements. The document is particularly important given Singapore's strict environmental standards and the potential for significant liability arising from environmental issues.
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1. Parties: Identification of the indemnitor and indemnitee, including full legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the environmental indemnity
3. Definitions: Key terms used throughout the agreement, including environmental terms specific to Singapore legislation
4. Scope of Indemnity: Detailed description of environmental matters covered under Singapore law, including EPMA and related regulations
5. Representations and Warranties: Statements of fact about environmental conditions and compliance with Singapore environmental laws
6. Covenants: Ongoing obligations regarding environmental compliance and reporting requirements under Singapore regulations
7. Term and Survival: Duration of the agreement and surviving obligations, considering Singapore limitation periods
8. Governing Law and Jurisdiction: Explicit statement of Singapore law as governing law and Singapore courts' jurisdiction
1. Insurance Requirements: Specific environmental insurance obligations and coverage requirements under Singapore insurance regulations
2. Site Access: Terms for accessing property for environmental assessment and monitoring, including compliance with local authority requirements
3. Third Party Claims: Procedures for handling third party environmental claims and regulatory investigations
4. Remediation Procedures: Specific procedures for environmental cleanup and remediation in accordance with NEA standards
1. Schedule 1 - Property Description: Detailed description of covered properties and facilities
2. Schedule 2 - Environmental Reports: List of existing environmental assessments, audits, and compliance reports
3. Schedule 3 - Known Contamination: Schedule of known environmental issues and historical contamination
4. Schedule 4 - Required Permits: List of environmental permits, licenses, and regulatory approvals required under Singapore law
5. Schedule 5 - Compliance Standards: Specific environmental standards and thresholds applicable under Singapore regulations
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