Environmental Indemnity | Canada

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.

Sell your interest in certain crown leases with this template form for Alberta oil and gas assets.

• Allocation of Purchase Price. The offer sets out how the purchase price will be allocated between petroleum and natural gas rights, tangibles, and miscellaneous interests.
• Calculation of Interest. The template contains two interest clauses - one if interest is being calculated, and one if no interest is payable.
• Acceptance. If accepted, the offeror will prepare a formal purchase and sale agreement.
• Conditions Precedent:
  • The offer is subject to the purchaser performing a satisfactory due diligence review of all books, files, records, and contracts.
  • The transaction is subject to the purchaser receiving all necessary regulatory approvals for the sale.
  • The offer is also conditional upon the purchaser conducting a satisfactory environmental audit.
  • The transaction is subject to the vendor being satisfied that Alberta Energy will approve the transfer.
• Environmental Liability. The purchaser will assume all environmental liabilities.
• Jurisdiction. The offer is written with the intention of being used within the Province of Alberta. However, it can be modified for use in other provinces of Canada.

Write up a contract for handling and disposing of processed water from an oil production facility with this easy-to-use downloadable template.

• The parties to the Agreement are (i) the producer / owner of a disposal well and (ii) the processor / operator of a water disposal facility.
• The processor will give the producer's processed water priority over that from third parties. The processor has the right to refuse any water that it deems to be hazardous.
• The producer must provide a calibrated meter for determining the volume of water delivered for disposal.
• Disposal fees will be charged by cubic meter.
• This Waste Water Disposal Agreement is a generic legal form that does not reference any specific laws or regulations.
• The template is downloadable and can be easily modified to fit your needs.